Company: INFY
Filing Date: 2025-11-10
Form Type: SC TO-C
Source: 0001193125-25-274597
Chunk: 83

Company: Infosys Ltd
Filing Date: 2025-11-10
Form: SC TO-C
Chunk 83
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| (a) | The Buyback will help the Company to return surplus cash to its members, in line with the stated Capital 
 Allocation Policy;                                                                                       |

| (b) | The Buyback is expected to improve return on equity through distribution of cash and improve earnings per share 
 by reduction in the equity base in the long term, thereby leading to long term increase in members’ value;      |

| (c) | The Buyback gives an option to all the members of the Company as on the Record Date, either to sell their                                                                                           
 Equity Shares and receive cash or not to sell their Equity Shares and get a resultant increase in their percentage shareholding in the Company post the Buyback, without additional investment; and |

| (d) | The Buyback, which is being implemented through the Tender Offer route would involve allocating to the Small                                                                                                                                        
 Shareholders the higher of: (a) the number of shares entitled as per their shareholding; or (b) 15% of the number of shares to be bought back, as per Regulation 6 of the Buyback Regulations. The Company believes that this reservation for small 
 shareholders would benefit a large number of the Company’s public shareholders, who would be classified as “Small Shareholders”.                                                                                                                    |

As per the stated Capital Allocation Policy, “Effective from financial year 2025, the Company expects to continue its policy of returning approximately 85% of the free cash flow cumulatively over a 5-yearperiod through a combination of semi-annual dividends and/or share buyback/ special dividends, subject to applicable laws and requisite approvals, if any”. Under this policy, the Company expects to progressively increase its annual Dividend Per Share (excluding special dividend if any). In line with the above Capital Allocation Policy, the Buyback is expected to create long term value for the shareholders with a reduction in the equity base.

| 2. | Maximum amount required under the Buyback and its percentage of the total paid up capital and free reserves |

The amount of funds required for the Buyback will aggregate to ₹18,000 crore (Rupees Eighteen Thousand Crore only), being 24.31% and 21.68% of the aggregate of the total paid-upshare capital and free reserves of the Company on a standalone and consolidated basis, respectively, which is less than 25% of the aggregate of the total paid-upshare capital and free reserves of the Company based on the latest audited interim condensed financial statements of the Company as at June