Company: INFY
Filing Date: 2025-11-10
Form Type: SC TO-C
Source: 0001193125-25-274597
Chunk: 26

Company: Infosys Ltd
Filing Date: 2025-11-10
Form: SC TO-C
Chunk 26
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 Shares in dematerialized form.                                                                                                                                                                                                                                                                                                                                                                                                    |

| 14.3. | In case of certain client types viz. NRI, foreign clients etc. (where there are specific RBI and other                                                                                                                                        
 regulatory requirements pertaining to funds pay-out) who do not opt to settle through custodians, the funds pay-out would be given to their respective Stock                                                                                  
 Broker’s settlement accounts for releasing the same to the respective Eligible Shareholder’s account. For this purpose, the client type details would be collected from the Depositories, whereas funds payout pertaining to the bids settled 
 through custodians will be transferred to the settlement bank account of the custodian, each in accordance with the applicable mechanism prescribed by Indian Stock Exchanges and the Clearing Corporation from time to time.                 |

| 14.4. | For the Eligible Shareholders holding Equity Shares in physical form, the funds                                                                        
 pay-out would be given to their respective Stock Broker’s settlement accounts for releasing the same to the respective Eligible Shareholder’s account. |

| 14.5. | Details in respect of shareholder’s entitlement for Tender Offer process will be provided to the Clearing                                                                                                                                              
 Corporation by the Company or Registrar to the Buyback. On receipt of the same, Clearing Corporations will cancel the excess or unaccepted blocked shares in the demat account of the shareholder. On settlement date, all blocked shares mentioned in 
 the accepted bid will be transferred to the Clearing Corporations.                                                                                                                                                                                     |

| 14.6. | In the case of inter depository, Clearing Corporations will cancel the excess or unaccepted shares in target                                                                                                                                        
 depository. Source depository will not be able to release the lien without a release of IDT message from target depository. Further, release of IDT message shall be sent by target depository either based on cancellation request received from   
 Clearing Corporations or automatically generated after matching with bid accepted detail as received from the Company or the Registrar to the Buyback. Post receiving the IDT message from target depository, source Depository will cancel/release 
 excess or unaccepted block shares in the demat account of the shareholder. Post completion of the Tendering Period and receiving the requisite details viz., demat account details and accepted bid quantity, source depository shall debit the     
 securities as per the communication/message received from target depository to the extent of accepted bid shares from shareholder’s demat account and credit it to Clearing Corporation settlement account in target depository on settlement