Infosys Limited has informed the Exchange regarding 'Disclosure Under Regulation 30 Of SEBI LODR Regulations'.
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Infosys has received income tax assessment orders under Sections 250 and 254 of the Income-tax Act, 1961 from the Income Tax Department covering assessment years 2013-14, 2017-18, 2018-19, 2019-20, 2020-21, and 2021-22. Importantly, the company expects a cumulative refund of ₹1,745 crore (including interest) from these orders, rather than a tax demand. The company is currently evaluating how these orders will impact its financial statements for the quarter and year ending March 31, 2026. The disclosure was made under Regulation 30 of SEBI LODR Regulations and will also be hosted on Infosys' website.
This is a positive development for Infosys shareholders, as the company stands to receive a significant tax refund of ₹1,745 crore rather than face a tax liability. The refund could boost cash flows and potentially support earnings for FY26, though the exact impact on financials is still being assessed.