Date: July 25, 2026
Regulatory Compliance Disclosure
Infosys Limited has received communication from DRIEETS Île-de France (Direction régionale et interdépartementale de l'économie, de l'emploi, du travail et des solidarités) regarding penalty collection.
Penalty Details
- Authority: DRIEETS Île-de France (French regional labor authority)
- Nature of Action: Orders passed/action taken with total fine of €175,000
- Date of Receipt: July 24, 2026 at 15:30 IST
- Violation Details: The authority found that Infosys' working time recording system did not fully comply with French legal requirements, citing shortcomings in its reliability, auditability, and monitoring capabilities for certain employee categories.
Financial Impact Assessment
- The company explicitly states: "None, there is no material impact on financials, operations or other activities of the Company."
- The impact is quantified as non-material in monetary terms.
Disclosure Timing Explanation
- The disclosure delay was due to the company being "in the process of checking the veracity and determining further steps, upon receipt of communication."
Signature Details
- Designation: Company Secretary
- Membership Number: ACS21918
- Signature Date: July 25, 2026 at 19:24:12 IST