Company: INFY
Filing Date: 2025-11-10
Form Type: SC TO-C
Source: 0001193125-25-274597
Chunk: 29

Company: Infosys Ltd
Filing Date: 2025-11-10
Form: SC TO-C
Chunk 29
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 not accepted in the Buyback.                                                                                                                                                                             |

| 15.4. | As required under the Buyback Regulations, the dispatch of the Letter of Offer shall be through electronic mode                                                                                                                                       
 in accordance with the provisions of the Act, within 2 (two) working days from the Record Date and if any Eligible Shareholder in the U.S. has not registered an email address with the Depositories, or in the case of receipt of a request from any 
 Eligible Shareholder to receive a copy of the Letter of Offer in physical form, or if any ADS holder (as of the date of dissemination of the Letter of Offer) so requests, a physical form shall be couriered to such shareholder’s or ADS            
 holder’s registered postal address as available with the Company.                                                                                                                                                                                     |

| 15.5. | The Equity Shares proposed to be bought back by the Company shall be divided into 2 (two) categories and the                                                                                   
 entitlement of a shareholder in each category will be calculated; accordingly, (i) reserved category for Small Shareholders and (ii) the general category for all other Eligible Shareholders. |

| 15.6. | As defined in Regulation 2(i)(n) of the Buyback Regulations, a “Small Shareholder” is a shareholder                                                                                                                                                                         
 who holds equity shares having market value, on the basis of closing price of shares on the stock exchanges, on which the highest trading volume in respect of the Equity Shares as on the Record Date was recorded, of not more than ₹ 2,00,000/- (Rupees Two Lakhs Only). |

| 15.7. | In accordance with proviso to Regulation 6 of the Buyback Regulations, 15% of the number of Equity Shares which                                                                                                                         
 the Company proposes to buyback or the number of Equity Shares entitled as per the shareholding of Small Shareholders as on the Record Date, whichever is higher, shall be reserved for the Small Shareholders as part of this Buyback. |

| 15.8. | Based on the holding on the Record Date, the Company will determine the entitlement of each Eligible                                                                                                                                                      
 Shareholder to tender their shares in the Buyback. This entitlement for each Eligible Shareholder will be calculated based on the number of Equity Shares held by the respective shareholder as on the Record Date and the ratio of the Buyback           
 applicable in the category to which such shareholder belongs (“Buyback Entitlement”). The Company believes that this reservation for small shareholders would