Exhibit 15.10
POLICY FOR DIVIDEND DISTRIBUTION OF INFOSYS LIMITED
This Dividend Distribution Policy (“Policy”) applies to the distribution of dividend by Infosys Limited (“Company”) and has been formulated 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.
Scope
This Policy sets out the circumstances, parameters and factors that will be taken into account by the Board of Directors (“Board”) of the Company for determination of distribution of dividend to its shareholders.
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 the Company shall consider such financial parameters and internal factors as it deems fit while declaring dividend or recommending dividend to shareholders – these may include the following:
The Board of the Company shall consider such external factors as it deems fit while declaring
dividend or recommending dividend to shareholders – these may include the following:
The consolidated profits earned by the Company can either be retained in the business and used for such purposes as the Board may determine from time to time including those 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.
If the Company proposes to declare dividend on any parameter in addition to (a) to (e) or proposes to change such additional parameters or the Policy contained in any of the parameters, it shall disclose such changes along with the rationale for the same in its annual report and on its website.
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.
The Board may review and amend this Policy from time to time, as may be deemed necessary.