Company: INFY
Filing Date: 2025-11-10
Form Type: SC TO-C
Source: 0001193125-25-274597
Chunk: 82

Company: Infosys Ltd
Filing Date: 2025-11-10
Form: SC TO-C
Chunk 82
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 and Equity Shares, it was necessary for the Company to seek and obtain exemptive relief from the U.S. Securities and Exchange Commission (“SEC”) on certain aspects of the tender offer procedures, due to conflicting regulatory requirements between Indian and U.S. laws for tender offer buybacks, and the same has been obtained. Since the Buyback is more than 10% of the total paid-upequity capital and free reserves of the Company, in terms of Section 68(2)(b) of the Act, it is necessary to obtain the consent of the members of the Company, to the Buyback, by way of a special resolution through general meeting or through postal ballot. Further, as per Section 110 of the Act read with Rule 22(16)(g) of the Companies (Management and Administration) Rules, 2014, the consent of the shareholders of the Company to the Buyback is required to be obtained by means of postal ballot. Accordingly, the Company is seeking your consent for the Buyback as contained in the special resolution. Requisite details relating to the Buyback are given below.

| 1. | Necessity for the Buyback |

The Buyback is being undertaken by the Company after taking into account the strategic and operational cash needs in the medium term and the need for returning surplus funds to the members in an effective and efficient manner. The financial parameters / internal factors that shall be considered include, but are not limited to:

| 1. | Expected cash requirements of the Company towards working capital, capital expenditure in technology and 
 infrastructure etc.;                                                                                     |

| 2. | Investments required towards execution of the Company’s strategy; |

| 3. | Funds required for any acquisitions that the Board may approve; |

| 4. | Minimum cash required for contingencies or unforeseen events; |

| 5. | Any other significant developments that require cash investments |

The expected cash generation and strong balance sheet position of the Company allows it to reward its members, while retaining sufficient capital for business requirements. Since 2017, the Company has undertaken multiple buybacks, which, along with regular and special dividends has enabled the Company to distribute the surplus cash to shareholders in a predictable and efficient manner. As of June 30, 2025, the Company had consolidated cash and investments (comprising of cash and cash equivalents, current and non-currentinvestments excluding investments in equity and preference shares and others) of ₹45,204 crore. The Buyback is being undertaken for the following reasons