Outcome of Board meeting

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Infosys Limited

23 Feb, 2017, 06:19 GMT

BANGALORE, India, February 23, 2017 /PRNewswire/ --

TO ALL STOCK EXCHANGES

BSE LIMITED

NATIONAL STOCK EXCHANGE OF INDIA LIMITED

NEW YORK STOCK EXCHANGE

EURONEXT LONDON

EURONEXT PARIS

February 23, 2017

Dear Sir/Madam,

Sub: Outcome of Board meeting

The Board, at today's meeting, transacted the following items of business:

  1. Approved the recommendations of the Nomination and Remuneration Committee for the revision of the remuneration payable to U B Pravin Rao, Chief Operating Officer & Whole-time Director, subject to approval of the shareholders.

  2. Noted that the Board had appointed D N Prahlad as an additional director in their meeting of October 14, 2016, with effect from the same date. The Board has recommended that approval of the shareholders be sought for the resolution appointing D N Prahlad as an Independent Director.

  3. Recommended the adoption of new Articles of Association of the Company in conformity with the Companies Act, 2013 to the shareholders for approval.

  4. The Board approved the Postal Ballot Notice and Schedule of events for postal ballot.                                                                                  (a)The Board considered and approved the Postal Ballot Notice which entails the following resolutions to be passed by shareholders.

(i) Revision in compensation of U B Pravin Rao, Chief Operating Officer & Whole-time Director;

(ii) Appointment of D N Prahlad, as an Independent Director;

(iii) Adoption of new Articles of Association of the Company in conformity with the Companies Act, 2013.

(b) The Board also approved the schedule of events for postal ballot as follows:

    Sl. No.              Activity                     Date
             Relevant date/ Benpos date for
       1.    sending notice to shareholders    February 24, 2017
       2.    Voting start date                 March 2, 2017
       3.    Voting end date                   March 31, 2017
       4.    Scrutinizers report               April 5, 2017
       5.    Declaration of results            April 5, 2017

This is for your information and records.

Yours sincerely,

For Infosys Limited

A G S Manikantha

Company Secretary

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