<h1>Employee benefits remeasurement under new labour codes causing one-time higher gratuity and leave liabilities, lowering quarterly profits</h1> New labour codes consolidate 29 prior labour enactments into a unified statutory framework governing employee benefits during employment and post-employment, prescribe a uniform definition of wages, and expand entitlements (including leave and gratuity). Operative effect: covered employers have recognized one-time statutory adjustments to employee benefit liabilities-recognition of increased gratuity liability attributable to past service cost and increased leave liability-manifesting as exceptional charges or provisions in quarterly financial statements (Infosys: Rs 1,289 crore; TCS: Rs 2,128 crore; HCLTech: USD 82 million), thereby reducing reported quarterly profits and increasing recorded post-employment benefit obligations.