EX-99.1 2 d413386dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

LOGO

TO ALL STOCK EXCHANGES

BSE LIMITED

NATIONAL STOCK EXCHANGE OF INDIA LIMITED

NEW YORK STOCK EXCHANGE

EURONEXT LONDON

EURONEXT PARIS

October 9, 2017

Dear Sir/Madam,

Sub: Results of Postal Ballot and E-votinq

In continuation to our letter dated September 1, 2017 titled “Postal Ballot Notice- Disclosure under Regulation 30 of SEBl LODR”, please find enclosed the following.

 

(1) Voting results as required under Regulation 44 of the SEBl (Listing Obligations and Disclosure Requirements) Regulations.

 

(2) Report of Scrutinizer dated October 9, 2017.

This is for your information and records.

The results along with scrutinizer’s report will be made available on the Company’s website at https://www.infosys.com/investors/Documents/postal-ballot-results-sep2017.pdf

Thanking You

Yours Sincerely,

 

LOGO

INFOSYS LIMITED

CIN: L85110KA1981PLC013115

44, Infosys Avenue

Electronics City, Hosur Road

Bangalore 560 100, India

T 91 80 2852 0261

F 91 80 2852 0362

Investors@infosys.com

www.infosys.com

Name of the Company    INFOSYS LIMITED
Date of the Postal Ballot Notice    25-Aug-17
Voting start date    08-Sep-17
Voting end date    07-Oct-17
Total number of shareholders on record date    8, 89, 372 (as on August 30, 2017)

No. of shareholders present in the meeting either in person or through proxy:

   

Promoters and Promoter Group:

    Not Applicable

Public:

    Not Applicable

No. of Shareholders attended the meeting through Video Conferencing

   

Promoters and Promoter Group:

    Not Applicable

Public:

    Not Applicable

 

Resolution No.   1

Resolution required: (Ordinary/ Special)

   Special Resolution – Approval for the Buyback of Equity Shares of the Company

Whether promoter/ promoter group are interested in the agenda/resolution?

   Yes, to the extent of their shareholding.

Category

  

Mode of
Voting

  

No. of shares
held (l)

  

No. of votes
polled (2)

   % of Votes
Polled on
outstanding
shares
(3)=[(2)/(1)]*100		    

No. of Votes —
in favour (4)

  

No. of Votes —
against (5)

   % of Votes In
favour on votes
polled
(6)=[(4)/(2)]*100		     % of Votes
against on votes
polled
(7)=[(5)/(2)]*100		  

Promoter and Promoter Group

   E-Voting   2928,06,199   1608,14,588     55     1608,14,588   —       100       —    
  Poll     1319,91,611     45     1319,91,611   —       100       —    
  Postal Ballot (if applicable)     —       —       —     —       —         —    
     

 

  

 

 

    

 

  

 

  

 

 

    

 

 

  
  Total     2928,06,199     100     2928,06,199   —       100       —    
     

 

  

 

 

    

 

  

 

  

 

 

    

 

 

  

Public- Institutions

   E-Voting   13007,29,018   10366,50,286     80     10174,49,931   192,00,355     98       2  
  Poll     —       —       —     —       —         —    
  Postal Ballot (if applicable)     —       —       —     —       —         —    
     

 

  

 

 

    

 

  

 

  

 

 

    

 

 

  
  Total     10366,50,286     80     10174,49,931   192,00,355     98       2  
     

 

  

 

 

    

 

  

 

  

 

 

    

 

 

  

Public- Non Institutions

   E-Voting   7034,33,049   371,67,091     5     369,17,825   2,49,266     99       1  
  Poll     2961,78,143     42     2763,73,989   198,04,154     93       7  
  Postal Ballot (if applicable)     —       —       —     —       —         —    
     

 

  

 

 

    

 

  

 

  

 

 

    

 

 

  
  Total     3333,45,234     47     3132,91,814   200,53,420     94       6  
   

 

  

 

  

 

 

    

 

  

 

  

 

 

    

 

 

  
  Total   22969,68,266   16628,01,719     72     16235,47,944   392,53,775     98       2  
   

 

  

 

  

 

 

    

 

  

 

  

 

 

    

 

 

  

 

LOGO

 

Page 1 of 4

 

Resolution No.

   2  
Resolution required: (Ordinary/Special)   Ordinary Resolution - Appointment of D. Sundaram as Independent Director  
Whether promoter/promoter group are interested in the agenda/resolution?   No  

Category

   Mode of Voting   No. of shares
held (1)		     No. of votes
polled (2)		     % of Votes Polled
on outstanding
shares
(3)=[(2)/(1)]*100		      No. of Votes –
in favour (4)		      No. of Votes –
against (5)		      % of Votes in
favour on votes
polled
(6)=[(4)/(2)]*100		      % of Votes
against on votes
polled
(7)=[(5)/(2)]*100		  

Promoter and Promoter Group

   E-Voting     2928,06,199       1608,14,588       55        1608,14,588        —          100        —    
  Poll       1319,91,611       45        1319,91,611        —          100        —    
  Postal
Ballot (if
applicable)		       —         —          —          —          —          —    
     

 

 

    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  
  Total       2928,06,199       100        2928,06,199        —          100        —    
     

 

 

    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  
Public- Institutions   E-Voting     13007,29,018       10340,00,329       79        10307,01,684        32,98,645        100        0  
  Poll       —         —          —          —          —          —    
  Postal
Ballot (if
applicable)		       —         —          —          —          —          —    
     

 

 

    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  
  Total       10340,00,329       79        10307,01,684        32,98,645        100        0  
     

 

 

    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Public- Non Institutions

   E-Voting     7034,33,049       367,36,335       5        352,31,211        15,05,124        96        4  
  Poll       2961,36,055       42        2938,64,497        22,71,558        99        1  
  Postal
Ballot (if
applicable)		       —         —          —          —          —          —    
     

 

 

    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  
  Total       3328,72,390       47        3290,95,708        37,76,682        99        1  
   

 

 

    

 

 

    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  
  Total     22969,68,266       16596,78,918       72        16526,03,591        70,75,327        100        0  
   

 

 

    

 

 

    

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

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    Page 2 of 4

     

 

Resolution No.   3  
Resolution required: (Ordinary/Special)   Ordinary Resolution - Appointment of Nandan M. Nilekani as Non-Executive, Non-Independent Director  
Whether promoter/ promoter group are interested in the agenda/resolution?   Yes  

Category

   Mode of Voting   No. of shares
held (1)		     No. of votes
polled (2)		     % of Votes Polled
on outstanding
shares
(3)=[(2)/(1)]*100		     No. of Votes – in
favour (4)		     No. of Votes –
against (5)		     % of Votes in
favour on votes
polled
(6)=[(4)/(2)]*100		     % of Votes
against on votes
polled
(7)=[(5)/(2)]*100		  

Promoter and Promoter Group

   E-Voting     2928,06,199       1608,14,588       55       1608,14,588       —         100       —    
  Poll       1319,91,611       45       1319,91,611       —         100       —    
  Postal
Ballot (if
applicable)		       —         —         —         —         —         —    
     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total       2928,06,199       100       2928,06,199       —         100       —    
     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Public-Institutions

   E-Voting     13007,29,018       10340,00,329       79       10300,18,161       39,82,168       100       0  
  Poll       —         —         —         —         —         —    
  Postal
Ballot (if
applicable)		       —         —         —         —         —         —    
     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total       10340,00,329       79       10300,18,161       39,82,168       100       0  
     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Public-Non Institutions

   E-Voting     7034,33,049       371,16,506       5       370,21,081       95,425       100       0  
  Poll       2963,33,556       42       2921,68,420       41,65,136       99       1  
  Postal
Ballot (if
applicable)		       —         —         —         —         —         —    
     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total       3334,50,062       47       3291,89,501       42,60,561       99       1  
     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  Total     22969,68,266       16602,56,590       72       16520,13,861       82,42,729       100       0  
   

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

     LOGO

 

    Page 3 of 4

Resolution No.    4                     
Resolution required: (Ordinary/Special)    Ordinary Resolution-Appointment of U.B. Pravin Rao as Managing Director  
Whether promoter/ promoter group are interested in the agenda/resolution?    No                     

Category

   

Mode of Voting

   

No. of shares
held (1)

    No. of votes
polled (2)		      % of Votes Polled
on outstanding
shares
(3)=[(2)/(1)]*100		      No. of Votes – in
favour (4)		      No. of Votes –
against (5)		      % of Votes in
favour on votes
polled
(6)=[(4)/(2)]*100		      % of Votes
against on votes
polled
(7)=[(5)/(2)]*100		  

Promoter and Promoter Group

    E-Voting    2928,06,199      1608,14,588        55        1608,14,588        —          100        —    
   Poll         1319,91,611        45        1319,91,611        —          100        —    
   Postal Ballot (if applicable)         —          —          —          —          —          —    
        

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  
   Total         2928,06,199        100        2928,06,199        —          100        —    
        

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Public-Institutions

    E-Voting    13007,29,018      10046,24,867        77        10016,53,508        29,71,359        100        0  
   Poll         —          —          —          —          —          —    
   Postal Ballot (if applicable)         —          —          —          —          —          —    
        

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  
   Total         10046,24,867        77        10016,53,508        29,71,359        100        0  
        

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Public-Non Institutions

    E-Voting    7034,33,049      371,03,909        5        354,15,740        16,88,169        95        5  
   Poll         2963,88,743        42        2946,59,071        17,29,672        99        1  
   Postal Ballot (if applicable)         —          —          —          —          —          —    
        

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  
   Total         3334,92,652        47        3300,74,811        34,17,841        99        1  
     

 

   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  
   Total    22969,68,266      16309,23,718        71        16245,34,518        63,89,200        100        0  
     

 

   

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

                         LOGO

 

    Page 4 of 4

PARAMESHWAR G. HEGDE    HEGDE & HEGDE
B.A., M.Com., BGL., FCS   

Company Secretaries

*Ganesha Krupa*

34,1st Main Road, Gandhinagar

Bangalore - 560 009.

(T): 080 22267041, (R) 080 26589597

e-mail: hegdeandhegdecs@gmail.com

REPORT OF SCRUTINIZER

(Pursuant to Section 110 of the Companies Act, 2013 and Rule 22(9)

of the Companies (Management and Administration) Rules, 2014)

To,

The Chairman,

Board of Directors

Infosys Limited

CIN: L85110KA1981PLC013115

Electronics City, Hosur Road

Bengaluru- 560100

Dear Sir,

I, Parameshwar G. Hegde, Practicing Company Secretary, at # 34, “Ganesh Krupa”, 1st Main Road, Gandhinagar, Bangalore, 560009, appointed as Scrutinizer by the Board of Directors of Infosys Limited (the Company) for the purpose of scrutinizing Postal Ballot process in a fair and transparent manner in respect of the resolutions stated in the Notice of the Postal Ballot dated August 25, 2017 proposed to be passed by the Equity Shareholders of the Company, submit my report as under:

 

1. The compliance with the provisions of the Companies Act, 2013 and the Rules made thereunder relating to Postal Ballot by the shareholders on the resolutions proposed in the Notice of the Postal Ballot is the responsibility of the management. My responsibility as a Scrutinizer is to render consolidated Scrutinizer’s Report of the total votes cast in favour or against if any, on the resolutions.

 

2. In accordance with the Notice of the Postal Ballot dated August 25, 2017, dispatched to the shareholders by prescribed modes during September 06, 2017 to September 07, 2017 and the ‘Advertisement’ published pursuant to Rule 22(3) of the Companies (Management and Administration) Rules, 2014 published on September 08, 2017, the voting commenced on September 08, 2017 (at 9:00 hours) and ended

 

LOGO

    Page 1 of 7

HEGDE & HEGDE       Continuation Sheet

 

  on October 07, 2017 (at 17:00 hours) for physical ballots and as well as for e-voting. The e-voting facility was provided by National Securities Depository Limited (NSDL). The votes were unblocked at around 17:05 hours on October 07, 2017 and the e-voting summary statement was downloaded from e-voting website of National Securities Depository Limited (NSDL) (https//www.evoting.nsdl.com).

 

3. The Equity Shareholders holding shares as on August 30, 2017, “cut off date”, were entitled to vote on the resolutions stated in the Notice of the Postal Ballot.

 

4. The ballot papers received were scrutinized. The ballot papers received were reconciled with the records maintained by the Company / R&TA and the authorizations / power of attorney etc. lodged thereof. The voters were also scrutinized for the purpose of eliminating duplicate voting and 15 ballots were rejected on duplicate voting i.e. on e-voting as well as by physical ballot. Invalid ballots were marked and segregated and the summary results were prepared. For processing Postal Ballots, necessary technical support was provided by Karvy Computershare Private Limited, Hyderabad (Karvy), the Registrar & Share Transfer Agents of the Company.

 

5. My report on the results of the voting is based on the data downloaded from the National Securities Depository Limited (NSDL) and the votes cast through physical ballot forms received respectively in respect of the resolutions contained in the Notice of the Postal Ballot as processed and provided by Karvy.

 

6. The result of the voting is as under:

 

           LOGO

    Page 2 of 7

HEGDE & HEGDE       Continuation Sheet

 

a) Resolution-1: Special Resolution

Approval for the Buy back of equity shares of the Company.

 

  i. Voted in favour of the resolution:

 

Number of members

        Number of
votes cast in
favour of
resolution		      % of total
number of
valid votes
cast		  

a) Voted by physical ballot

      4,873          40,83,65,600     

b) Voted by electronic mode

      11,941          121,51,82,344     
  

 

 

       

 

 

     

 

 

  

Total

      16,814          162,35,47,944        97.64  
  

 

 

       

 

 

     

 

 

  

 

  ii. Voted against the resolution:

 

Number of members

      Number of
votes cast
against the
resolution		      % of total
number of
valid votes
cast		  

a) Voted by physical ballot

      197        1,98,04,154     

b) Voted by electronic mode

      663        1,94,49,621     
  

 

 

     

 

 

     

 

 

  

Total

      860        3,92,53,775        2.36  
  

 

 

     

 

 

     

 

 

  

 

  iii. Invalid votes :

 

Total number of

members whose votes

declared invalid

   Total number of votes cast
by them		  
        332     99,16,171  
 

 

 

  

 

           LOGO

    Page 3 of 7

HEGDE & HEGDE       Continuation Sheet

 

b) Resolution–2: Ordinary Resolution

Appointment of D. Sundaram as an Independent Director.

 

  (i) Voted in favour of the resolution:

 

Number of members

        Number of votes
cast in favour of
resolution		        % of total
number of
valid votes
cast		  

a) Voted by physical ballot

        4,835          42,58,56,108       

b) Voted by electronic mode

        11,605          122,67,47,483       
    

 

 

       

 

 

       

 

 

  

Total

        16,440          165,26,03,591          99.57  
    

 

 

       

 

 

       

 

 

  

 

  (ii) Voted against the resolution:

 

Number of members

        Number of votes
cast against the
resolution		        % of total
number of
valid votes
cast		  

a) Voted by physical ballot

        80          22,71,558       

b) Voted by electronic mode

        721          48,03,769       
    

 

 

       

 

 

       

 

 

  

Total

        801          70,75,327          0.43  
    

 

 

       

 

 

       

 

 

  

 

  (iii) Invalid votes :

 

Total number of

members whose votes

declared invalid

   Total number of votes cast
by them		  
        481     99,32,778  
 

 

 

  

 

LOGO

    Page 4 of 7

HEGDE & HEGDE       Continuation Sheet

 

c) Resolution–3: Ordinary Resolution

Appointment of Nandan M. Nilekani as Non-Executive, Non-Independent Director.

 

  (i) Voted in favour of the resolution:

 

Number of members

      Number of votes
cast in favour of
resolution		      % of total
number of
valid votes
cast		  

a) Voted by physical ballot

      4,918        42,41,60,031     

b) Voted by electronic mode

      12,141        122,78,53,830     
  

 

 

     

 

 

     

 

 

  

Total

      17,059        165,20,13,861        99.50  
  

 

 

     

 

 

     

 

 

  

 

  (ii) Voted against the resolution:

 

Number of members

        Number of votes
cast against the
resolution		      % of total
number of
valid votes
cast		  

a) Voted by physical ballot

        40          41,65,136     

b) Voted by electronic mode

        369          40,77,593     
    

 

 

       

 

 

     

 

 

  

Total

        409          82,42,729        0.50  
    

 

 

       

 

 

     

 

 

  

 

  (iii) Invalid votes:

 

Total number of

members whose votes

declared invalid

   Total number of votes cast
by them		  
        441     99,27,702  
 

 

 

  

 

LOGO

    Page 5 of 7

HEGDE & HEGDE       Continuation Sheet

 

d) Resolution–4: Ordinary Resolution

Appointment of U.B. Pravin Rao as Managing Director.

 

  (i) Voted in favour of the resolution:

 

Number of members

      Number of
votes cast in
favour of
resolution		      % of total
number of
valid votes
cast		  

a) Voted by physical ballot

      4,835        42,66,50,682     

b) Voted by electronic mode

      11,538        119,78,83,836     
  

 

 

     

 

 

     

 

 

  

Total

      16,373        162,45,34,518        99.61  
  

 

 

     

 

 

     

 

 

  

 

  (ii) Voted against the resolution:

 

Number of members

      Number of
votes cast
against the
resolution		      % of total
number of
valid votes
cast		  

a) Voted by physical ballot

      74        17,29,672     

b) Voted by electronic mode

      917        46,59,528     
  

 

 

     

 

 

     

 

 

  

Total

      991        63,89,200        0.39  
  

 

 

     

 

 

     

 

 

  

 

  (iii) Invalid votes:

 

Total number of

members whose votes

declared invalid

   Total number of votes cast
by them		  
        489     99,34,381  
 

 

 

  

 

LOGO

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HEGDE & HEGDE       Continuation Sheet

 

7. Register of postal ballot and all other relevant records of voting process given/provided/maintained in electronic mode and the postal ballots (physical) will remain in our custody until the Chairman considers, approves and signs the minutes of the postal ballot and the same shall be handed over thereafter to the Chairman/Person authorized by the him for safe keeping.

Thanking you,

 

    Yours faithfully,
   
    LOGO
Place: Bangalore     Parameshwar G. Hegde
Dated: October 09, 2017     FCS 1325, CP No. 640
    Scrutinizer

 

LOGO

 

   

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