Company: G
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001398659-25-000098
Chunk: 179

Company: Genpact LTD
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 179
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 respect to this matter as of June 30, 2025.(c) In September 2020, the Indian Parliament approved new labor codes, including the Code on Social Security, 2020 (the “Code”), which will impact the Company’s contributions to its defined benefit plans for employees based in India. The Code has not yet been made effective, and the rules for different states are in the process of being framed. The Company has carried out a preliminary evaluation of the impact the Code will have on the Company. The final impact will be assessed after the Code becomes effective and the related rules are published.

24. Subsequent events 

One Big Beautiful BillOn July 4, 2025, H.R.1 - One Big Beautiful Bill Act (the "Act") was enacted into law. The Act provides for significant U.S. tax law modifications, including with respect to business interest expense limitations, research and development deductions, depreciation on capital assets and the Base Erosion and Anti-Abuse Tax (BEAT) rate.  ASC 740, “Income Taxes,” requires the effects of changes in tax rates and laws on deferred tax balances to be recognized in the period in which the changes are enacted. The Company is assessing the Act and its effect on its consolidated financial statements, if any, which the Company expects to begin reflecting in the three month period ending September 30, 2025. DividendOn July 10, 2025, the Company announced that its Board of Directors declared a dividend for the third quarter of 2025 of $0.17 per common share, which is payable on September 25, 2025 to shareholders of record as of the close of business on September 11, 2025. The declaration of any future dividends will be at the discretion of the Board of Directors and subject to Bermuda and other applicable laws.

47

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following discussion and analysis is meant to provide material information relevant to an assessment of the financial condition and results of operations of our company, including an evaluation of the amounts and uncertainties of cash flows from operations and from outside sources, so as to allow investors to better view our company from management’s perspective. The following discussion should be read in conjunction with our consolidated financial statements and the related notes that appear elsewhere in this Quarterly Report on Form 10-Q and in our Annual Report on Form 10-K for the year ended December 31, 2024 and with the information