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

Company: Infosys Ltd
Filing Date: 2025-10-21
Form: SC TO-C
Chunk 21
---
 be deemed to have given its approval thereto expressly by the authority of this resolution. 18

DRAFT—SUBJECT TO COMPLETION RESOLVED FURTHER THATthe quorum for a meeting of the Buyback Committee shall be any two members and the Buyback Committee may regulate its own proceedings and meet as often as required or decide through circular resolutions, to discharge its functions. RESOLVED FURTHER THATthe Buyback Committee will report from time to time to the Board or its Committee the status/progress of actions taken by the Buyback Committee concerning the Buyback. RESOLVED FURTHER THATnothing contained hereinabove shall confer any right on the part of any member to offer, or any obligation on the part of the Company or the Board to buyback any shares and/or impair any power of the Company or the Board to terminate any process in relation to such Buyback if so permissible by law. RESOLVED FURTHER THATthe Board confirms that it has made a full enquiry into the affairs and prospects of the Company and has formed the opinion –

| 3. | In forming its opinion aforesaid, the Board has taken into account the liabilities (including prospective and                                           
 contingent liabilities) as if the Company were being wound up under the provisions of the Act and the Insolvency and Bankruptcy Code, 2016, as amended. |

RESOLVED FURTHER THATthe Board hereby confirms that:

| 1. | All the Equity Shares for Buyback are fully paid-up; |

| 2. | Subject to applicable law, the Company shall not issue any shares or other specified securities including by                                                                                                                                           
 way of bonus issue till the expiry of the Buyback Period, except in discharge of subsisting obligations through stock option schemes, or conversion of preference shares or debenture into Equity Shares. Relevant details and the potential impact of 
 such subsisting obligations shall be disclosed in the public announcement;                                                                                                                                                                             |

| 3. | Subject to applicable law, the Company shall not raise further capital for a period of one year from the expiry 
 of the Buyback Period, except in discharge of subsisting obligations;                                           |

| 4. | The Company, as per the provisions of Section 68(8) of the Act, will not make any further issue of the                                                                                                                                              
 same kind of shares or other securities including allotment of new shares under Section 62(1)(a) of the Act or other specified securities within a period of six months after the completion