Company: INFY
Filing Date: 2025-10-21
Form Type: SC TO-C
Source: 0001193125-25-245101
Chunk: 53

Company: Infosys Ltd
Filing Date: 2025-10-21
Form: SC TO-C
Chunk 53
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DRAFT—SUBJECT TO COMPLETION

| 22.16.3 | After the Acceptance as described in Paragraph 22.16.1 and 22.16.2 above, in case there are any Equity Shares                                                                                                                                       
 left to be bought back in the Reserved Category, the Additional Equity Shares tendered by the Small Shareholders over and above their Buyback Entitlement, shall be accepted in proportion of the Additional Equity Shares tendered by them and the 
 Acceptance per Small Shareholder shall be made in accordance with the Buyback Regulations. Valid Acceptances per Small Shareholder shall be equal to the Additional Equity Shares validly tendered by the Small Shareholder divided by the total    
 Additional Equity Shares validly tendered and multiplied by the total pending number of Equity Shares to be accepted in Reserved Category. For the purpose of this calculation, the Additional Equity Shares taken into account for such Small      
 Shareholders, from whom one Equity Share has been Accepted in accordance with the Paragraph 22.16.2, shall be reduced by one.                                                                                                                       |

Adjustment for fractional results in case of proportionate Acceptance, as described above:

| 22.17 | For any Small Shareholder, if the number of Additional Equity Shares to be Accepted, calculated on a                                                                            
 proportionate basis is not a multiple of one and the fractional Acceptance is greater than or equal to 0.50, then the fraction would be rounded off to the next higher integer. |

| 22.18 | For any Small Shareholder, if the number of Additional Equity Shares to be Accepted, calculated on a                                   
 proportionate basis is not in the multiple of one and the fractional Acceptance is less than 0.50, then the fraction shall be ignored. |

Basis of Acceptance of Equity Shares validly tendered in the General Category

| 22.19 | Subject to the provisions contained in the Letter of Offer, the Company will accept the Equity Shares tendered 
 in the Buyback by all other Eligible Shareholders in the General Category in the following order of priority:  |

| 22.19.1 | Acceptance of 100% Equity Shares from other Eligible Shareholders in the General Category who have validly                                    
 tendered their Equity Shares, to the extent of their Buyback Entitlement, or the number of Equity Shares tendered by them, whichever is less. |

| 22.19.2 | After the Acceptance as described in Paragraph 22.19