Infosys Limited has informed the Exchange regarding 'Disclosure Under Regulation 30 Of SEBI LODR Regulations'.
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Infosys has voluntarily liquidated its stepdown wholly owned subsidiary In-tech Automotive Engineering de R.L. de C.V. in Mexico, effective May 6, 2025, following an order from the Registry of Commerce, Mexico dated May 7, 2025. The subsidiary contributed Nil revenue and had Nil net worth as of March 31, 2025, representing 0.00% of Infosys's net worth. No consideration was received as this is a liquidation rather than a sale. The disclosure was made under Regulation 30 of SEBI LODR Regulations.
This is a non-material corporate housekeeping action with zero impact on Infosys's financials. Shareholders should not expect any meaningful effect on stock price or business operations, as the entity was already inactive and contributed nothing to revenue or net worth.