Company: INFY
Filing Date: 2025-10-21
Form Type: SC TO-C
Source: 0001193125-25-245101
Chunk: 99

Company: Infosys Ltd
Filing Date: 2025-10-21
Form: SC TO-C
Chunk 99
---
 that ADS
holders had approximately 49 calendar days from the date of the Postal Ballot Notice to take such steps as may be required for ADS holders to hold Equity Shares as on the Record Date. ADS holders are advised to refer to paragraph 22.26-22.30 of this Letter of Offer, “Participation by ADS Holders” for additional details concerning participation in the Buyback by ADS holders.

What is the purpose of the Buyback?

The Buyback is being
undertaken by the Company after taking into account the strategic and operational cash needs of the Company in the medium term and for returning surplus funds to the shareholders in an effective and efficient manner in line with its Capital
Allocation Policy. The Buyback is being undertaken for the reasons set forth in Section 8.

What are the significant conditions to the Offer?

Under the Buyback Regulations, the Company is not permitted to withdraw the Buyback Offer once the public announcement of the Buyback Offer has been
made.

Following the Buyback, will the Company continue as a public company?

Yes. The completion of the Buyback in accordance with its terms and conditions will not cause the Equity Shares to be delisted from BSE or NSE.

How does an Eligible Shareholder tender his/her Equity Shares?

In order to tender Equity Shares in the Buyback, Eligible Shareholders will have to place orders through their Seller Members (stock brokers) on the separate
acquisition window provided on BSE and NSE for the Buyback. Eligible Shareholders will also have to submit the relevant documents required along with their Tender Forms. Seller Members can enter orders for dematerialized Equity Shares as well as
physical Equity Shares. See Sections 22 and 23 and the Tender Form for details of documents required from the shareholders and the process for tendering.

Can an Eligible Shareholder tender some, but not all, of his Equity Shares?

Yes. The maximum number of Equity Shares that an Eligible Shareholder may tender in the Buyback is equal to the number of Equity Shares held on the Record
Date. An Eligible Shareholder is free to tender some or all of their Equity Shares. See Section 23 and the Tender Form for further details.

Once an Eligible Shareholder has tendered Equity Shares in the Buyback, can they withdraw their tender?

Yes. Modification/cancellation of orders from a
single Eligible Shareholder will be allowed during the Tendering Period of the Buyback offer. The offer and withdrawal rights will be available to