Company: INFY
Filing Date: 2025-10-21
Form Type: SC TO-C
Source: 0001193125-25-245101
Chunk: 22

Company: Infosys Ltd
Filing Date: 2025-10-21
Form: SC TO-C
Chunk 22
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 of the Buyback except by way of bonus shares or equity 
 shares issued in order to discharge subsisting obligations such as conversion of warrants, stock option schemes, sweat equity or conversion of preference shares or debentures into Equity Shares;                                                  |

| 5. | The Company shall not buyback locked-in Equity Shares and non-transferable equity shares till the pendency of the lock-in or till the Equity Shares become transferable; |

19

DRAFT—SUBJECT TO COMPLETION

| 6. | The Company shall not buyback its equity shares from any person through negotiated deal whether on or off the         
 stock exchanges or through spot transactions or through any private arrangement in the implementation of the Buyback; |

| 7. | There are no defaults subsisting in the repayment of deposits, interest payment thereon, redemption of                                                                                                                   
 debentures or interest thereon or redemption of preference shares or payment of dividend or repayment of any term loans or interest payable thereon to any financial institution or banking company, as the case may be; |

| 8. | That the Company has been in compliance with Sections 92, 123, 127 and 129 of the Act; |

| 9. | That funds borrowed from Banks and Financial Institutions will not be used for the Buyback; |

| 10. | The aggregate amount of the Buyback i.e.                                                                                                  
 ₹ 18,000 crore (Rupees Eighteen Thousand crore only) does not exceed 25% of the total paid-up capital and free reserves of                
 the Company as per the audited interim condensed standalone and the consolidated financial statements of the Company as on June 30, 2025; |

| 11. | The number of equity shares proposed to be purchased under the Buyback i.e. 10,00,00,000 (Ten crore), does not 
 exceed 25% of the total number of equity shares in the paid-up equity share capital as on June 30, 2025;       |

| 12. | The Company shall not make any offer of buyback within a period of one year reckoned from the date of expiry of 
 the Buyback Period, subject to applicable laws;                                                                 |

| 13. | The Buyback will not be in contravention of Regulation 4(vii) of Buyback Regulations, i.e. the Company has not                              
 made the offer of Buyback within a period of one year reckoned from the date of expiry of buyback