Event Details
The 45th Annual General Meeting of Infosys Limited was held on June 23, 2026, at 4:00 PM IST through video conferencing and other audio-visual means. The meeting concluded at 7:14 PM IST. A total of 326 members representing 4,46,34,277 shares attended the meeting, constituting the requisite quorum.
Directors and Key Personnel Present
The following directors and key managerial personnel attended the meeting:
- Nandan M. Nilekani (Non-Executive, Non-Independent Chairman)
- Nitin Paranjpe (Vice Chairman and Independent Director)
- Salil Parekh (Chief Executive Officer and Managing Director)
- D. Sundaram (Lead Independent Director)
- Bobby Parikh (Independent Director)
- Michael Gibbs (Independent Director)
- Chitra Nayak (Independent Director)
- Govind Iyer (Independent Director)
- Helene Auriol Potier (Independent Director)
- Diane Enberg Jurgens (Independent Director)
- Jayesh Sanghrajka (Chief Financial Officer)
- A.G.S. Manikantha (Company Secretary)
Representatives from statutory auditors (Deloitte Haskins & Sells LLP), internal auditors (Ernst & Young LLP), secretarial auditors (Makarand M. Joshi & Co.), and scrutinizers (Hemanth, Holla & Co.) also attended.
Business Transacted
The following resolutions were considered and approved at the meeting:
Ordinary Business
1. Adoption of financial statements
2. Declaration of dividend
3. Appointment of Nandan M. Nilekani as a director, liable to retire by rotation
Special Business
4. Approval of the proposed amendment to the Infosys Expanded Stock Ownership Program - 2019 ("Amended 2019 Plan") and grant of stock incentives to eligible employees of the Company
5. Approval of the proposed amendment to the Infosys Expanded Stock Ownership Program - 2019 ("Amended 2019 Plan") and grant of stock incentives to eligible employees of the Company's subsidiaries
6. Approval of the request for re-classification of certain members of the 'Promoter and Promoter Group' to 'Public' category
Financial Performance Highlights (FY26)
- Revenue: US$20.2 billion
- Constant currency growth: 3.1%
- Adjusted operating margin: 21%
- Free cash flow: US$3.7 billion (112.6% of net profit)
- Large deal TCV: US$14.9 billion (55% net new)
- Workforce: Over 325,000 employees
- Clients with revenue >$100 million per year: 41
Dividend Declaration
The Board recommended a final dividend of ₹25 per share. Combined with the interim dividend of ₹23 already paid, the total dividend for FY26 is ₹48 per share, representing 11.6% year-on-year growth.
Capital Allocation
The total payout for FY25-FY26, including the recently completed buyback, will be 113.9% of free cash flow. The company has returned 82.1% of free cash flow cumulatively for two years under the Capital Allocation Policy.
Board Changes
- Nitin Paranjpe was appointed as Vice-Chairman effective April 30, 2026
- Diane Enberg Jurgens was appointed as Independent Director effective April 22, 2026 for a three-year term till April 21, 2029
- Helene Auriol Potier was reappointed as Independent Director for a second term of five years from May 26, 2026 to May 25, 2031
Business Updates
- The company is collaborating with 90% of its top 200 clients on AI journeys
- AI services revenue reached approximately $1 billion annually (5.5% of total revenue) and is growing at a fast pace
- The company estimates an AI-first services opportunity of $300-400 billion by 2030
- Completed acquisitions of MRE Consulting Ltd. and The Missing Link Group
- Entered into definitive agreements for: Joint venture with Telstra (acquiring 75% stake in Versent Group), acquisition of Stratus Global LLC, and acquisition of Optimum Achieve Holdings, Inc.
ESG Initiatives
- Achieved carbon neutrality for the seventh consecutive year
- Renewables account for 81.8% of India operations
- Campuses recycle 100% of wastewater
- Eleven campuses have achieved TRUE Zero Waste certification
- Infosys Foundation undertook 200 projects impacting 7 million lives in India
- Reached 15 million people through digital skilling initiatives via Infosys Springboard