Company: INFY
Filing Date: 2025-10-21
Form Type: SC TO-C
Source: 0001193125-25-245101
Chunk: 55

Company: Infosys Ltd
Filing Date: 2025-10-21
Form: SC TO-C
Chunk 55
---
 Shareholders, from whom one Equity Share has been Accepted in accordance with paragraph 22.21 shall 
 be reduced by one Equity Share.                                                                                                                                                                                                                           |

| 22.23 | Adjustment for fraction results in case of proportionate Acceptance, as described in paragraph 22.21 above: |

| 22.23.1 | For any Eligible Shareholder, if the number of Additional Equity Shares to be Accepted, calculated on a                                                                                                
 proportionate basis is not in the multiple of one and the fractional Acceptance is greater than or equal to 0.50 (zero point five), then the fraction would be rounded off to the next higher integer. |

50

DRAFT—SUBJECT TO COMPLETION

| 22.23.2 | For any Eligible Shareholder, if the number of Additional Equity Shares to be Accepted, calculated on a                                                  
 proportionate basis is not in the multiple of one and the fractional Acceptance is less than 0.50 (zero point five), then the fraction shall be ignored. |

Clubbing of Entitlement

| 22.24 | In order to ensure that the same Eligible Shareholder(s) with multiple demat accounts/folios do not receive a                                                                                                                                             
 higher entitlement under the Small Shareholder category, the Company will club together the Equity Shares held by such shareholders with a common PAN for determining the category (Small Shareholder or General) and entitlement under the Buyback. In   
 case of joint shareholding, the Company will club together the Equity Shares held in cases where the sequence of the PANs of the joint shareholders is identical and where the PANs of all joint shareholders are not available, the Company will check   
 the sequence of the names of the joint holders and club together the Equity Shares held in such cases where the name of joint shareholders are identical. In case of physical shareholders, where the sequence of PANs is identical and where the PANs of 
 all joint shareholders are not available, the Registrar to the Buyback will check the sequence of the names of the joint holders and club together the Equity Shares held in such cases where the sequence of the PANs and name of joint shareholders are 
 identical. The shareholding of institutional investors like mutual funds, pension funds/trusts and insurance companies etc., with common PAN will not be clubbed together for determining the category and will be considered separately, where these     
 Equity Shares are held for different schemes and have a different demat account nomenclature based on information prepared by the Registrar and