SEBI sends ‘warning letter’ to Infosys on updation delay

The Securities and Exchange Board of India (SECI) has given an “administrative warning” to Infosys due to apparent delays in the company’s Structured Digital Database (SDD).

In a regulatory filing on August 9, Infosys said, “There were certain entries which were logged with a delay in the SDD. It was submitted by INFY that during FY2020-21 due to the ongoing Covid -19 pandemic, most of the workforce was working from their respective homes and not from the office premises. Therefore, it was logistically difficult to coordinate and maintain these records. While the information pertaining to UPSI during such period was available within INFY, it seems that updating of such information in the SDD system was delayed.”