The Exchange had sought clarification from Infosys Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial results submitted is not as per format prescribed by SEBI -2. Limited Review Report/ Independent Auditor's Report is not in the format prescribed by SEBI The response of the Company is enclosed.
INFY · price
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The NSE asked Infosys to clarify why its Q4 FY25 (quarter ended March 31, 2025) financial results and auditor's report did not follow the format prescribed under SEBI's Regulation 33. The exchange flagged two issues: the financial results format and the limited review/auditor's report format. Infosys responded that the specific clause (Reg 33(3)(e)) — which requires a note saying Q4 figures are balancing figures between full-year audited numbers and year-to-date figures up to Q3 — does not apply to them. The company stated that all its quarterly results, including Q4, are based on independently audited financial statements, not balancing figures. Infosys also noted that it has followed this same practice consistently every year.
This is a technical compliance clarification rather than a penalty or adverse action. The company is defending its long-standing reporting practice, so it is unlikely to have any material impact on shareholders or the stock price. Investors should watch for any further NSE/SEBI response on the matter.