Company: INFY
Filing Date: 2025-10-21
Form Type: SC TO-C
Source: 0001193125-25-245101
Chunk: 82

Company: Infosys Ltd
Filing Date: 2025-10-21
Form: SC TO-C
Chunk 82
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 in more detail in the Postal Ballot Notice, a holder of ADSs of the Company may participate in the Buyback by withdrawing his or her ADSs from the depositary facility, such that they become holders of Equity Shares as of the Record Date and then participating in the Buyback. There can be no assurance that the Equity Shares offered by an ADS holder in the Buyback will be accepted. ADS holders are advised to consult their legal, financial and tax advisors for advice prior to participating in the Buyback, including advice related to any related regulatory approvals and tax issues. Income-taximplications on withdrawal and re-depositof Equity Shares:

| • |     | While there are arguments in favour that conversion of ADS into shares should not be subject to capital gains 
 tax, this view is not free from doubt as law is not very clear on this aspect.                                |

63

DRAFT—SUBJECT TO COMPLETION

| • |     | The shares which would not be accepted by the Company for buyback could get reconverted into ADS. As far as                                                                                                                                            
 taxability of such reconversion is concerned, there are two possible views i.e. whether such reconversion of shares into ADS is a taxable transfer and accordingly would attract capital gains tax or vice versa. While there are arguments supporting 
 both the views, the view that such reconversion is not a taxable transfer may be construed to be a better view.                                                                                                                                        |

THE ABOVE DISCLOSURE ON TAXATION SETS OUT THE PROVISIONS OF LAW IN A SUMMARY MANNER ONLY AND IS NOT A COMPLETE ANALYSIS OR LISTING OF ALL POTENTIAL TAX CONSEQUENCES OF THE DISPOSAL OF EQUITY SHARES. THIS DISCLOSURE IS NEITHER BINDING ON ANY REGULATORS NOR CAN THERE BE ANY ASSURANCE THAT THEY WILL NOT TAKE A POSITION CONTRARY TO THE COMMENTS MENTIONED HEREIN. HENCE, YOU SHOULD CONSULT WITH YOUR OWN TAX ADVISORS FOR THE TAX PROVISIONS APPLICABLE TO YOUR PARTICULAR CIRCUMSTANCES. Certain Material U.S. Federal Income Tax Consequences The following is a summary of certain material U.S. federal income tax consequences that may be relevant with respect to a participation in the buyback of Equity Shares to U.S. holders (as defined below) and is for general information only. For purposes of this discussion, “U.S. holders” are individuals who are citizens or residents of the United States, corporations (or other entities treated as corporations for U.S. federal income