InfoBeans Techno. Ltd. has informed the Exchange about Revised General Updates
INFOBEAN · price
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Awaiting price reaction for this filing.
InfoBeans Technologies has issued a corrected disclosure regarding the U.S. Government's USD 100,000 fee on H-1B visa petitions. The fee, effective from the March 2026 cycle, applies only to new applicants (not renewals, as previously stated in error). The company clarified that less than 1% of its revenue is linked to H-1B visa holders, making the financial and operational impact insignificant. Notably, the company views this development as potentially positive, as it may drive more offshoring of work to India, benefiting its business model.
Minimal negative impact for shareholders — the H-1B fee exposure is negligible (<1% of revenue), and the company sees potential upside from increased offshoring to India. The stock is unlikely to face material pressure from this announcement.