Company: INFY
Filing Date: 2025-10-21
Form Type: SC TO-C
Source: 0001193125-25-245101
Chunk: 46

Company: Infosys Ltd
Filing Date: 2025-10-21
Form: SC TO-C
Chunk 46
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DRAFT—SUBJECT TO COMPLETION

| It is the obligation of such Non-Resident Shareholders, to obtain such approvals (if required) and submit such approvals along with the Tender Form, so as                                                                                               
 to enable them to tender Equity Shares in the Buyback and for the Company to purchase such Equity Shares tendered. The Company will have the right to make payment to the Eligible Shareholders in respect of whom no prior RBI approval is required and 
 not accept Equity Shares from the Eligible Shareholders in respect of whom prior RBI approval is required in the event copies of such approvals are not submitted.                                                                                       |

| 20.5 | Non-Resident Shareholders (excluding OCBs) permitted under general                                                                                                                                      
 permission under the consolidated Foreign Direct Investment policy issued by the Government of India read with applicable regulations issued under FEMA, are not required to obtain approvals from RBI. |

| 20.6 | By agreeing to participate in the Buyback, each Eligible Shareholder (including each Non-Resident Shareholder) undertakes to complete all relevant regulatory/statutory filings and compliances to be made by it under applicable law, including filing of Form 
 FC-TRS. Further, by agreeing to participate in the Buyback, each Eligible Shareholder hereby (a) authorises the Company to take all necessary action, solely to the extent required, and if necessary, to be                                                    
 undertaken by the Company, for making any regulatory/statutory filings and compliances, including Form FC-TRS, if necessary, on behalf of such Shareholder; and (b) undertakes to provide the requisite                                                         
 assistance to the Company for making any such regulatory /statutory filings and compliances.                                                                                                                                                                    |

| 20.7 | Given the Company’s class of securities registered under Section 12 of the U.S. Securities Exchange                                                                                                                                                       
 Act of 1934, as amended, and the shareholding of U.S. residents by way of ADSs and Equity Shares, it was necessary for the Company to seek and obtain exemptive relief from the 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 post the Board’s approval for the Buyback.                                                                                                 |

| 20.8 | As of the date of this Letter of Offer, there is no other statutory or regulatory approval required to                                                                                                                                                  
 implement the Buyback Offer, other than that indicated above. If