Company: INFY
Filing Date: 2025-11-10
Form Type: SC TO-C
Source: 0001193125-25-274597
Chunk: 102

Company: Infosys Ltd
Filing Date: 2025-11-10
Form: SC TO-C
Chunk 102
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 Guidance Note on Audit Reports and                                                                                                                           
 Certificates for Special Purposes (Revised 2016), issued by the ICAI (the “Guidance Note”) and Standards of Auditing specified under Section 143(10) of the Act, in so far as applicable for the purpose of this certificate. The 
 Guidance Note requires that we comply with the ethical requirements of the Code of Ethics issued by the ICAI.                                                                                                                     |

| 8. | We have complied with the relevant applicable requirements of the Standard on Quality Control (SQC) 1, Quality                               
 Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements. |

Opinion

| 9. | Based on inquiries conducted and our examination as above, we report that: |

| ii. | The amount of permissible capital payment towards the proposed buy back of equity shares as computed in the                                                                                                                            
 Statement attached herewith, as Annexure A, in our view has been properly determined in accordance with the provisions of Section 68 (2)(b) and Section 68 (2)(c) of the Act and Regulation 4(i) and Regulation 5(i)(b) of the Buyback 
 Regulations. The amounts of share capital and free reserves have been extracted from the audited interim condensed standalone and consolidated financial statements of the Company as at and for the three months ended June 30, 2025. |

Restriction on Use

| 10. | This report has been issued at the request of the Company solely for use of the Company (i) in connection                                                                                                                                            
 with the proposed buyback of equity shares of the Company as mentioned in paragraph 2 above, (ii) to enable the Board of Directors of the Company to include in the explanatory statement to the notice for the special resolution, public           
 announcement, and other documents pertaining to buyback to be sent to the shareholders of the Company or filed with (a) the Registrar of Companies, Securities and Exchange Board of India, stock exchanges, and any other regulatory authority as   
 per applicable law and (b) the Central Depository Services (India) Limited, National Securities Depository Limited and (iii) and for providing to the Merchant Bankers (the “Managers”) in connection with the proposed buyback of                   
 equity shares of the Company for onward submission to relevant authorities in pursuance to the provisions of Sections 68 and other applicable provisions of the Act and the Buyback Regulations, and may not