Infosys has disclosed receiving a communication from the Indore Nagar Nigam imposing a financial penalty. The total penalty amount is INR 11,21,293, levied due to the alleged late payment of property tax pertaining to the Financial Year 2025-2026. The company stated that this incident has no material impact on its financials or operations. The delay in disclosure occurred while the management was verifying the communication’s veracity.
Disclosure of Penalty Imposition
On February 13, 2026, Infosys Limited announced that it had received formal communication from the Indore Nagar Nigam regarding a financial penalty. The details of the action were received on February 9, 2026, at 09:40 IST.
Details of the Violation and Fine
The penalty stems from an alleged contravention related to the late payment of property tax pertaining to the Financial Year FY2025-2026. The total penalty levied by the authority amounts to INR 11,21,293.
Impact Assessment and Disclosure Rationale
The Company confirms that there is no material impact on its financials, operations, or other activities as a result of this monetary liability. Regarding the delay in immediate disclosure, Infosys explained that it was in the process of checking the veracity of the communication and determining subsequent steps upon receipt of the official orders.
This information is being furnished to all relevant stock exchanges for public record and dissemination.
Source: BSE
