Exhibit 15.10
POLICY FOR DIVIDEND DISTRIBUTION
OF
INFOSYS LIMITED
This policy applies to the distribution of dividend by Infosys Limited (the “Company”) in accordance with the provisions of the Companies Act, 2013 (“Act”) and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (Listing Regulations).
Definitions
The terms referred to in the policy will have the same meaning as defined under the Act and the Rules made thereunder, and the Listing Regulations.
Background
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, mandated formulation of Dividend Distribution Policy for the Company. Such policy shall be disclosed in the annual report and on the website of the Company.
This policy sets out the parameters and circumstances that will be taken into account by the Board of Directors of the Company in determining the distribution of dividend to its shareholders and/or retaining profits earned by the Company.
The Board of Directors may in extraordinary circumstances, deviate from the parameters listed in this policy.
The Company shall comply with the relevant statutory requirements that are applicable to the Company in declaring dividend or retained earnings. Generally, the Board shall determine the dividend for a particular period after taking into consideration the financial performance of the Company, the advice of executive management, and other parameters described in this policy.
The Board of Directors of the Company shall consider the following financial parameters while declaring dividend or recommending dividend to shareholders:
Amended and effective April 13, 2023
The Board of Directors of the Company shall consider the following external parameters while declaring dividend or recommending dividend to shareholders:
The consolidated profits earned by the Company can either be retained in the business and used for various purposes as outlined in clause (b) above or it can be distributed to the shareholders.
The provisions contained in this policy shall apply to all classes of Shares of the Company. It may be noted that currently the Company has only one class of shares, namely, Equity Shares.
Review
This policy will be reviewed and amended as and when required by the Board.
Disclosure of the policy
This policy will be uploaded on the website of the Company. The Company also announces from time to time its capital allocation policy which is available at www.infosys.com
Limitation and Amendment
In the event of any conflict between the provisions of this policy and of the Act or Listing Regulations or any other statutory enactments, rules, the provisions of such Act or Listing Regulations or statutory enactments, rules shall prevail over this policy. Any subsequent amendment / modification in the Listing Regulations, Act and/or applicable laws in this regard shall automatically apply to this policy.
Amended and effective April 13, 2023