Company: INFY
Filing Date: 2025-07-01
Form Type: 20-F
Source: 0000950170-25-091925
Chunk: 120

Company: Infosys Ltd
Filing Date: 2025-07-01
Form: 20-F
Item: Item 6
Chunk 120
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 will vest in line with the employment agreement overtime in three equal annual installments upon the completion of each year of service from the respective grant date.
C)The Board on April 18, 2024, based on the recommendations of the Nomination and Remuneration Committee under the 2019 Plan, approved the grant of 70,699 annual performance based RSUs for fiscal 2025 effective May 2, 2024. These RSUs will vest in line with the employment agreement based on achievement of certain performance targets.
(2)During fiscal 2025 based on the recommendations of the Nomination and Remuneration Committee, the Board, approved time based RSU grants under the 2015 Plan and performance based RSU grants under the 2019 Plan to its executive officers. The grants were made in fiscal 2025. Time based RSUs granted under the 2015 Plan will vest over three to four years and RSUs granted under the 2019 Plan will vest over three years based on achievement of certain performance targets.
(3)Jayesh Sanghrajka was appointed as a Chief Financial Officer of the Company effective April 01, 2024
(4)The performance bonuses include accruals payable as per the terms of employment agreement. The actuals could differ based on the completion of performance evaluation and differences are adjusted at the time of payouts
All the above grants were made in accordance with the 2015 Plan and 2019 Plan. The exercise price for the RSUs is equal to the par value of the shares. Refer to Note 2.17 of Item 18 of this Annual Report for further details.

All compensation to directors and officers disclosed in the table above that was paid in various currencies have been converted, for the purposes of the presentation in such table, at average exchange rates.

 

Equity Grants
The following is the summary of grants made to Key Managerial Personnel (KMP) during fiscal 2025, 2024 and 2023 under the 2015 Plan and 2019 Plan:

Particulars                                       Fiscal 2025       Fiscal 2024       Fiscal 2023    
2015 Plan: Equity settled RSU                                                                        
Salil Parekh, CEO and MD                                  311,372           344,926           289,060
Nilanjan Roy(1)                                                 —            41,094            22,829
Jayesh Sanghrajka(2)                                       18,010            40,