Infosys Board Outcome 2026: RSUs, Dividends, Q3 Results

What Infosys announced on January 14, 2026

Infosys Limited disclosed the outcome of its Board meeting held on January 14, 2026, with decisions spanning audited financials, equity capital changes, and executive stock incentives. The company said the Board approved audited financial results for the quarter and nine months ended December 31, 2025. It also approved annual time-based stock incentives for CEO and Managing Director Salil Parekh. In addition, Infosys allotted 6,914 equity shares following the exercise of Restricted Stock Units (RSUs). The company also reported an update to its issued share capital after this allotment.

Share capital update and RSU exercise allotment

Infosys said it allotted 6,914 equity shares following the exercise of RSUs. After this, the company’s issued share capital increased to ₹20,27,33,74,065, divided into 4,05,46,74,813 equity shares. On a crore basis, the issued share capital figure works out to about ₹2,027.34 crore. The disclosure ties the capital update directly to the equity shares issued pursuant to RSU exercise.

CEO stock incentives approved: grant terms and timing

The Board, based on the recommendations of the Nomination and Remuneration Committee, approved annual time-based stock incentives in the form of RSUs to Salil Parekh. Infosys said these RSUs had a market value of ₹3 crore as on the date of grant under the 2015 Stock Incentive Compensation Plan (2015 Plan). The RSUs will be granted with effect from February 1, 2026, and will vest in line with the employment agreement. The company added that the number of RSUs will be calculated based on the market price at the close of the trading day immediately preceding the grant date. Infosys also stated the exercise price of RSUs will be equal to the par value of the share.

Dividend disclosures tied to the December 2025 period

Infosys’ filing also carried a dividend update for the quarter and nine months ended December 31, 2025. The company said that, in a Board meeting held on October 16, 2025, it declared an interim dividend of ₹23 per equity share. The record date for this interim dividend was October 27, 2025, and it was paid on November 7, 2025. Infosys also noted that the interim dividend declared in the previous year was ₹21 per equity share. These disclosures place the October 2025 interim dividend in the context of the company’s reported period-end financials.

Recent Infosys dividend timeline

The following dividend history was provided in the source information.

Standalone audited financial results: quarter and nine months ended Dec 31, 2025

Infosys published audited standalone financial numbers (in ₹ crore) for the quarter ended December 31, 2025, and the nine months ended December 31, 2025. Revenue from operations for the quarter ended December 31, 2025 was ₹37,996 crore, compared with ₹36,907 crore for the quarter ended September 30, 2025 and ₹34,915 crore for the quarter ended December 31, 2024. Profit for the period (standalone) was ₹7,363 crore for the quarter ended December 31, 2025. For the nine months ended December 31, 2025, revenue from operations was ₹110,178 crore and profit for the period was ₹21,236 crore.

The company also disclosed an exceptional item related to labour codes. It reported an “Exceptional item - Impact of Labour Codes” of ₹1,146 crore for the quarter ended December 31, 2025 and ₹1,146 crore for the nine months ended December 31, 2025. Profit before tax for the quarter ended December 31, 2025 was ₹9,671 crore.

Key financial figures disclosed (Standalone, ₹ crore)

Labour codes impact and how it appeared in reporting

The disclosure flagged labour codes as an exceptional item in the standalone financials. Separately, the segment reporting section referenced “unallocable expense” that includes ₹1,289 crore towards impact of Labour Codes for the quarter and nine months ended December 31, 2025. Infosys also shared a segment profit snapshot in its consolidated segment reporting, including a total segment profit figure of ₹10,799 crore for the quarter ended December 31, 2025 and ₹31,278 crore for the nine months ended December 31, 2025.

CEO remuneration and RSU exercise details from FY25 annual report

Separate disclosures in the provided material described Salil Parekh’s FY25 remuneration and its equity-linked components. As per the Infosys FY25 Annual Report referenced in the source text, Parekh’s total remuneration was ₹80.62 crore in FY25, up 22% from ₹66.25 crore in the previous year. The break-up described includes ₹7.45 crore as fixed base salary, ₹0.49 crore in retiral benefits, and ₹23.18 crore as performance-linked bonus or variable pay. It also states that ₹49.5 crore came from perquisites tied to stock options exercised during the year.

The annual report details in the source text attribute the ₹49.5 crore perquisite value to the exercise of 3,06,276 RSUs under the 2015 plan and 39,141 RSUs under the 2019 plan. The material also states that Parekh’s compensation was 752 times the median salary of Infosys employees, with the median salary reported at ₹10.72 lakh.

ESOP and RSU grants disclosed around FY25 results

The source text also describes a separate set of Board-approved stock incentives worth over ₹51 crore for Salil Parekh, under various heads including ESG and equity. These include performance-based RSU grants with stated market values on the date of grant: ₹34.75 crore (Annual Performance Equity Grant under the 2015 Plan), ₹2 crore (Annual performance equity ESG grant under the 2015 Plan), ₹5 crore (Annual performance Equity TSR grant under the 2015 Plan), and ₹10 crore (2019 Annual Performance Equity Grant under the 2019 Plan). As described, some awards vest 12 months from the date of grant subject to performance targets or ESG milestones, while the TSR-linked grant vests on or after March 31, 2027 subject to criteria. The company stated these ESOPs would be granted with effect from May 2, 2025, with the number of RSUs calculated based on the market price at the close of trading on May 2, 2025.

Market context: FY25 dividends, guidance, and a trading snapshot

The provided material also includes FY25 dividend and outlook details disclosed with audited consolidated financial results for the quarter and full year ended March 31, 2025. Infosys said the Board recommended a final dividend of ₹22 per equity share for FY25, with May 30, 2025 as the record date for the dividend and AGM, and payment scheduled for June 30, 2025. The CEO message cited in the text says the company announced a total dividend of ₹43 per share, including an interim dividend of ₹21 per share.

On April 21, 2025, the source text notes Infosys shares opened at ₹1,410.00 on the NSE, compared with the previous close of ₹1,419.50. At 9:44 AM, it reported the stock trading at ₹1,452.00, up 2.29% on the NSE. The same FY25 results narrative also included Infosys’ FY26 guidance of 0%-3% revenue growth in constant currency and an operating margin range of 20%-22%. In the supplied excerpt, CEO Salil Parekh said the company had built a resilient organisation and highlighted AI, cloud and digital capabilities along with cost efficiency measures, while CFO Jayesh Sanghrajka said the final dividend proposal along with the interim dividend represented a 13.2% increase over last year.

Market impact

Across the disclosures, the market-relevant items are concentrated in shareholder returns, executive incentives, and reported profitability. On dividends, the company disclosed both the October 2025 interim dividend of ₹23 per share (paid November 7, 2025) and the FY25 final dividend recommendation of ₹22 per share with a May 30, 2025 record date and June 30, 2025 payment date. On executive incentives, Infosys disclosed time-based RSUs worth ₹3 crore (grant effective February 1, 2026) and separate performance and ESG-linked RSU grants worth over ₹51 crore (grant effective May 2, 2025). On financials, the standalone audited numbers show revenue from operations of ₹37,996 crore and profit for the period of ₹7,363 crore for the quarter ended December 31, 2025, alongside an exceptional item of ₹1,146 crore related to labour codes.

Analysis: why the disclosures matter

The January 2026 Board outcome links three recurring themes in Infosys’ public filings: capital structure changes through equity issuance, executive compensation design through RSUs, and the cadence of dividends. The company’s disclosures show that RSU exercises can result in incremental equity issuance, while fresh RSU grants can be a continuing part of CEO pay architecture. The financial tables highlight how exceptional items like labour codes are presented explicitly in results, with separate references also appearing in unallocable expenses in segment reporting. The FY25 disclosures and guidance add context on how Infosys framed shareholder returns (dividends) and operational targets (margin band and constant-currency growth range) around the same period.

Conclusion

Infosys’ January 14, 2026 Board disclosures combined audited standalone results for the December 2025 quarter and nine months, an update on labour code impacts, an interim dividend recap, and new time-based RSUs for CEO Salil Parekh. The filing also recorded an allotment of 6,914 equity shares and a higher issued share capital of ₹20,27,33,74,065 across 4,05,46,74,813 shares. Separately, FY25-related materials detailed dividend actions, FY26 guidance, and the equity-linked structure of the CEO’s remuneration. The next set of market inputs will likely come from scheduled dividend record dates and subsequent financial disclosures already indicated in the company’s filings.