Company: INFY
Filing Date: 2025-10-21
Form Type: SC TO-C
Source: 0001193125-25-245101
Chunk: 90

Company: Infosys Ltd
Filing Date: 2025-10-21
Form: SC TO-C
Chunk 90
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 TAX CONSEQUENCES RESULTING FROM PARTICIPATION IN THE BUYBACK, INCLUDING THE APPLICABILITY AND EFFECT OF THE TAX LAWS OF ANY U.S. STATE OR LOCAL OR NON-U.S.JURISDICTION AND ANY ESTATE, GIFT AND INHERITANCE LAWS.

67

DRAFT—SUBJECT TO COMPLETION

| 25. | DECLARATION BY THE BOARD OF DIRECTORS |

Declaration as required under clause (ix) and clause (x) of Schedule I under the Buyback Regulations:

| 25.1 | The Board of Directors of the Company confirms that there are no defaults subsisting in repayment of deposits,                                                                   
 redemption of debentures or interest thereon or payment of dividend, or repayment of any term loans or interest payable thereon to any financial institution or banking company. |

| 25.2 | The Board of Directors of the Company has confirmed that it has made a full enquiry into the affairs and 
 prospects of the Company and has formed the opinion:                                                     |

| 25.2.3 | 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. |

This declaration is made and issued pursuant to the resolution passed at the meeting of the Board held on September 11, 2025. For and on behalf of the Board of Directors

| Sd/-                                      
 Salil Parekh Chief Executive              
 Officer & Managing Director DIN: 01876159 |     | Sd/-                                                                      
 [Name of the Director to be included in the final Letter of Offer]        
 [Designation of the Director to be included in the final Letter of Offer] 
 DIN: [DIN of the Director to be included in the final Letter of Offer]    |

| 26. | AUDITOR’S CERTIFICATE |

Report addressed to the Board of Directors by the Company’s Auditors on permissible capital payment and opinion formed by directors regarding insolvency The text of the Report dated September 11, 2025 of Deloitte Haskins & Sells, LLP, the Statutory Auditors of the Company, addressed to the Board of Directors of the Company is reproduced below: Quote REF: IL/2025-26/29 AUDITOR’S REPORT To, The Board of Directors, Infosys Limited No. 44, Infosys Avenue,