Panaya, Skava controversy remain key theme at Infosys' 38th AGM

Panaya and Skava buyouts were mired in controversy owing to allegation of overpayment apart from not being an ideal fit

At Infosys’ 38th annual general meeting (AGM) on Saturday, shareholders raised concerns over falling operating margin of the firm while many congratulated the management for sound revenue growth during the last fiscal and for good dividend payout.

However, ghosts of Panaya and Skava continued to haunt. Replying to shareholders’ queries on the deals, Infosys Chairman Nandan Nilekani said, “The investigation report is a confidential document and many statements given by people were on the assurance of confidentiality. So, the board is very comfortable with the decision of keeping it as it is.”

In 2015, Infosys, under the leadership of then Chief Executive