Company: INFY
Filing Date: 2025-10-21
Form Type: SC TO-C
Source: 0001193125-25-245101
Chunk: 31

Company: Infosys Ltd
Filing Date: 2025-10-21
Form: SC TO-C
Chunk 31
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 Owners of the company/ Average Net Worth Less Proposed amount 
 of buyback of equity shares of the company i.e. ₹ 18,000 crore (only for post buyback ratio)               |

| (5) | Debt-Equity Ratio = Total Debt/Total Equity. Debt- Equity ratio is not applicable as the Company has no 
 borrowings                                                                                              |

| (6) | Price Earnings Ratio= NSE closing price on NSE as on March 28, 2025/Basic Earnings per share (Post 
 buyback revised EPS for post Buyback ratio)                                                        |

| 12. | BUYBACK PRICE AND BASIS OF DETERMINING THE PRICE OF THE BUYBACK |

| 12.1 | The Equity Shares of the Company are proposed to be bought back at a price of ₹ 1,800/- (Rupees One Thousand Eight Hundred only) per Equity Share (“Buyback Price”). The Buyback Price has been arrived at after considering various factors including, but not 
 limited to, the trends in the volume weighted average market prices of the Equity Shares on BSE and NSE where the Equity Shares are listed, price earnings ratio, impact on other financial parameters and the possible impact of the Buyback on the            
 earnings per Equity Share. Further, in accordance with Regulation 5(via) of the Buyback Regulations, the Board/Buyback Committee may increase the Buyback Price and decrease the number of Equity Shares proposed to be bought back provided that there         
 is no change in the Buyback Offer Size, till one working day prior to the Record Date fixed for the purpose of Buyback.                                                                                                                                         |

In line with the recent market practice in relation to buybacks, the Buyback Price represents:

| 13. | SOURCES OF FUNDS FOR THE BUYBACK |

| 13.1 | Assuming full acceptance, the funds that would be utilised by the Company for the purpose of the Buyback would 
 amount to ₹ 18,000 crore (Rupees Eighteen Thousand Crore Only) excluding the Transaction Costs.                |

31

DRAFT—SUBJECT TO COMPLETION

| 13.2 | The funds for the implementation of the proposed Buyback will be sourced out of the free reserves of the               
 Company (including securities premium) or such other source as may be permitted by the Buyback Regulations or the Act. |

| 13.3 | This Buyback is not likely to cause any material impact on the earnings of the Company, except for