Company: INFY
Filing Date: 2025-10-21
Form Type: SC TO-C
Source: 0001193125-25-245101
Chunk: 80

Company: Infosys Ltd
Filing Date: 2025-10-21
Form: SC TO-C
Chunk 80
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SE. Such tax implications could vary depending on several factors, including the period of holding the securities, the residential status of the holder, the classification of the holder, the nature of the income earned, etc.

| a. | India |

Withdrawal and Re-Depositof Equity Shares by ADS Holders: In addition, because of the very limited precedent, whether the re-depositof Equity Shares against the creation of ADSs is subject to Indian taxation is particularly unclear. The Company cannot assure ADS holders that tax will not be imposed or whether the bank, broker or other nominee in India with whom individual ADS holders establish an Indian Demat account (Subtype DR) and a Brokerage Account will withhold taxes in connection with the re-depositof such Equity Shares. In light of the foregoing, ADS holders are advised to consult their legal, financial and tax advisors and the bank, broker or other nominee in India with whom they intend to establish an Indian Demat account (Subtype DR) and a Brokerage Account to understand the potential implications of a withdrawal and re-depositof Equity Shares prior to their making a request to the Depositary to effect the withdrawal of the Equity Shares underlying their respective ADSs. In addition to the foregoing Indian taxation considerations, ADS holders should consider potential taxation under the laws of their country of residency and other jurisdictions in which they may be subject to taxation arising out of the withdrawal and re-deposit of Equity Shares. 62

DRAFT—SUBJECT TO COMPLETION

| b. | United States |

| i. | Withdrawal and Re-Deposit of Equity Shares by ADS Holders. |

For U.S. federal income tax purposes, ADS holders generally will be treated as the owners of Equity Shares underlying such ADSs. Accordingly, withdrawing Equity Shares underlying ADSs and re-depositingEquity Shares that are not tendered in the Buyback, or if tendered, re-depositingEquity Shares that are not accepted in the Buyback generally will not be subject to U.S. federal income tax. For further information on the U.S. federal income tax consequences relevant to U.S. holders (as defined therein) of ADSs and / or Equity Shares, please see the Company’s Form 20-F.

| ii. | Tendering Equity Shares in the Buyback. |

Important information on the tax treatment relevant to tendering Equity Shares in the Buyback has been set forth in a Form 6-Kfurnished by the Company with the SEC on or about the date of the Postal