Infosys Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on Jun 25, 2025
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Awaiting price reaction for this filing.
Infosys held its 44th AGM on June 25, 2025 via video conferencing, with 295 members representing over 4.43 crore shares in attendance. All six resolutions, including adoption of FY25 financial statements, declaration of dividend, reappointment of CEO Salil Parekh (term till March 31, 2027), material related party transactions with Stater N.V. and Stater Nederland B.V., and appointment of Makarand M. Joshi & Co. as secretarial auditor, were deemed passed. Chairman Nandan Nilekani reported FY25 revenue of US$19.2 billion (4.2% growth in constant currency), operating margin expansion of 50 bps to 21.1%, and a record free cash flow of US$4.1 billion, up 41.8% year-on-year. Large deal TCV stood strong at US$11.6 billion with 39 clients contributing over US$100 million each. The Board recommended a total FY25 dividend of ₹43 per share (₹21 interim already paid + ₹22 final), and reaffirmed its policy of returning around 85% of free cash flow over five years — having already returned over ₹98,000 crore to shareholders in the last five years. CEO Parekh highlighted progress on AI (Infosys Topaz) with 400 generative AI projects, 200 agents developed, and 20,000 employees using GitHub Copilot, backed by a debt-free balance sheet with cash and investments of ₹47,549 crore.
A routine compliance filing, but the reaffirmation of record cash generation, the ₹43 per share dividend, and the 85% capital return commitment are mildly positive signals for shareholders. Stock movement will hinge more on the FY26 outlook commentary than on these proceedings.