Company: INFY
Filing Date: 2025-11-10
Form Type: SC TO-C
Source: 0001193125-25-274597
Chunk: 62

Company: Infosys Ltd
Filing Date: 2025-11-10
Form: SC TO-C
Chunk 62
---
. In case the Eligible Shareholder, being a Non- Resident Shareholder, is not in a position to produce the said certificate, the Equity Shares                                                            
 would be deemed to have been acquired on non-repatriation basis, and in that case, the Eligible Shareholder shall submit a consent letter addressed to the Company, allowing the Company to make the payment on a 
 non-repatriation basis in respect of the valid Equity Shares accepted under the Buyback.                                                                                                                          |

| (vii) | If any of the above stated documents (as applicable) are not enclosed along with the tender form, the Equity            
 Shares tendered by Eligible Shareholders, being Non-Resident Shareholders, under the Buyback are liable to be rejected. |

| 14. | METHOD OF SETTLEMENT |

| 14.1. | The settlement of trade(s) shall be carried out in the manner similar to settlement of trade(s) in the 
 secondary market.                                                                                      |

| 14.2. | The Company will transfer the consideration pertaining to the Buyback (net of tax deducted at source) to the                                                                                                                                                                                                                                                                                                                                                 
 Clearing Corporation’s bank account through the Company’s Broker as per the secondary market mechanism, as per the prescribed schedule. For demat Equity Shares accepted under the Buyback, the Clearing Corporation will make direct funds pay-out to the respective Eligible Shareholders’ bank account linked to its demat account. If bank account details of any Eligible Shareholder holding Equity Shares in dematerialized form are not available or 
 if the fund transfer instruction is rejected by the RBI or relevant bank, due to any reasons, then the amount payable to the Eligible Shareholders will be transferred to the concerned Stock Brokers’ account for onward transfer to such Eligible                                                                                                                                                                                                          
 Shareholder holding Equity Shares in dematerialized form.                                                                                                                                                                                                                                                                                                                                                                                                    |

| 14.3. | In case of certain client types viz. NRI, foreign clients etc. (where there are specific RBI and other                                                                                                                                        
 regulatory requirements pertaining to funds pay-out) who do not opt to settle through custodians, the funds pay-out would be given to their respective Stock                                                                                  
 Broker’s settlement accounts for releasing the same to the respective Eligible Shareholder’s account. For this purpose, the client type details would be collected from the Depositories, whereas funds payout pertaining to the bids settled 
 through custodians will be transferred to the settlement bank account of the custodian, each