Infosys Limited: Outcome of the Board Meeting

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Infosys Limited

12 Jan, 2018, 16:08 IST

BENGALURU, India, January 12, 2018 /PRNewswire/ --

This has reference to our letter dated December 13, 2017, regarding the captioned subject. The Board, at their meeting held on January 11-12, 2018 transacted the following items of business:

Financial Results

  1. Took on record the audited consolidated financial results of the Company and its subsidiaries as per Indian Accounting Standards (IndAS) for the quarter and nine months ended December 31, 2017;

  2. Took on record the audited standalone financial results of the Company as per IndAS for the quarter and nine months ended December 31, 2017 and;

  3. Took on record the audited consolidated condensed financial statements of the Company and its subsidiaries as per IFRS in INR for the quarter and nine months ended December 31, 2017.

Management changes

Rajesh K. Murthy, President, has resigned from the Company for personal reasons. His resignation will be effective January 31, 2018.

Other matters

  1. Revised and adopted the Code of Conduct and Ethics.

  2. Approved the dissolution of the Committee of Directors. The Committee of Directors was formed to support and advise the management in executing the Company's strategy. With the appointment of Salil. S Parekh as the CEO and Managing Director of the Company the Committee of Directors stands dissolved with effect from January 12, 2018.

We are enclosing herewith the financial results, revised Code of Conduct and Ethics and press release for your information and record. The same will be made available on the Company's website www.infosys.com.

This is a disclosure announcement from PR Newswire.