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