Infosys, on Tuesday, in a filing titled ‘statement’ informed the exchange about its actions on the whistleblower complaint. The statement was attributable to Nandan Nilekani, Chairman of Infosys.
However, the BSE frowned on why it was not informed about the complaint beforehand. “It is observed that Infosys has not made any disclosures under Regulation 30 of SEBI (LODR) Regulations, 2015, w.r.t. receipt of whistleblower complaint mentioned in the announcement,” BSE said in a release.
Regulation 30 SEBI (LODR) Regulations, 2015 makes it mandatory for listed entities to disclose any information that, in the opinion of the board, is material and could have an impact on share prices.
An anonymous group claiming to be employees of IT major Infosys wrote to the company's board accusing CEO Salil Parekh and CFO Nilanjan Roy of indulging in "unethical practices" to boost short-term revenue and profits.
"We have high respect for all of you and bring to your notice the unethical practices of CEO in recent quarters. Same measures are taken up in the current quarter also to boost short term revenue and profits," the letter addressed to the Board of Directors dated September 20, read.
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