Infosys Limited has informed the Exchange regarding ' Disclosure Under Regulation 30 Of SEBI LODR Regulations'.
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Infosys has informed stock exchanges that it received a communication from the Canada Revenue Agency regarding a penalty of CAD 21,416.76 (approximately ₹13 lakh). The penalty relates to an alleged short payment of tax in connection with the payroll trust audit for the years 2017 to 2024. The communication was received on May 9, 2025, and the disclosure was made on May 13, 2025, with the company citing a brief delay as it was evaluating further steps. The company has stated there is no material impact on its financials, operations, or other activities.
The penalty amount is very small relative to Infosys's overall size, and the company has confirmed no material financial or operational impact, so this is unlikely to affect the stock price or shareholder value.