Infosys, a global leader in AI-first business consulting and technology services, has appointed Nitin Paranjpe as the non-executive Vice Chairman of the Board, effective immediately. This decision was made during the Board meeting held on April 30, 2026, and follows the recommendation of the Nomination and Remuneration Committee.
Nitin Paranjpe brings a wealth of experience to the role, having previously served as the non-executive Chairman of Hindustan Unilever Ltd and non-executive Vice Chairman of Heineken NV. His appointment is seen as a recognition of his significant contributions to the Board, and he is expected to support the Chairman in guiding the Board and strategic agenda. Nandan Nilekani, Chairman of the Board, expressed his enthusiasm for Paranjpe’s new role, highlighting his expertise and the impact he has already made.
In addition to the appointment, the Board approved the reclassification of Mr. Shreyas Shibulal and Ms. Bhairavi Madhusudhan Shibulal from the ‘Promoter and Promoter Group’ category to the ‘Public’ category. This decision follows a joint request from the Shibulals, who are related to Mr. S. D. Shibulal, a co-founder of Infosys. The reclassification is in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board noted that the Shibulals have not been involved in the business or management of the company and hold less than 1% of the company’s equity share capital.
Furthermore, the Board approved the allotment of 35,384 equity shares of face value ₹5 each, following the exercise of Restricted Stock Units by eligible employees under the 2015 Incentive Compensation Plan. This increases the issued and subscribed share capital of Infosys to ₹20,27,82,93,815, divided into 4,05,56,58,763 equity shares of face value ₹5 each.
The Board meeting, which commenced at 6:00 p.m. and concluded at 6:45 p.m. IST, also confirmed that these updates will be made available on the company’s website.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).