Wipro 80th AGM Approves FY26 Results, ₹11 Dividend

Date: Wednesday, July 15, 2026
Time: Commenced at 9:00 AM IST and concluded at 11:35 AM IST
Location/Type: Held through Video Conferencing (VC)
Compliance: The meeting was conducted in accordance with Ministry of Corporate Affairs circulars (14/2020, 17/2020, 03/2025) and SEBI circulars (SEBI/HO/CFD/CMD1/CIR/P/2020/79, SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133), the Companies Act, 2013, and SEBI (LODR) Regulations, 2015.

The following items of business, as per the notice of the AGM, were transacted:

Item 1: To receive, consider and adopt the Audited Financial Statements of the Company (including consolidated financial statements) for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.
Item 2: To confirm the interim dividend of ₹5 per equity share declared by the Board on July 17, 2025, and ₹6 per equity share declared by the Board on January 16, 2026, as the final dividend for the financial year ended March 31, 2026.
Item 3: To appoint a director in place of Mr. Azim H. Premji (DIN: 00234280), who retires by rotation and being eligible, offers himself for re-appointment.

The facility for shareholders to exercise their right to vote was provided by electronic means through both remote e-voting and e-voting at the AGM.
Members attending the VC meeting who had not cast their vote via remote e-voting were provided with the facility to vote through insta-poll e-voting at the AGM.
Mr. V. Sreedharan, Practicing Company Secretary and Partner of V. Sreedharan and Associates, was appointed as the Scrutinizer to report on the combined voting results of remote e-voting and the Insta-Poll for each agenda item.

The Chairman and CEO provided detailed speeches outlining the company's performance and strategy:

IT Services Revenue: $10.5 billion, a decline of 1.6% in constant currency.
IT Services Operating Margin: 17.2%, an improvement of 15 basis points.
Net Income (Adjusted): $1.43 billion, an increase of 2.2%.
Earnings Per Share: ₹12.8, a rise of 2.1%.
Dividend: ₹11 per share declared for FY26, resulting in a payout ratio of 87.8% over a three-year block period.
Share Buyback: A ₹150 billion share buyback was approved by the Board in April, noted as the company's largest ever.
Bookings: Grew 14% to $16.4 billion. Large-deal bookings grew to $7.8 billion, including four deals with a Total Contract Value (TCV) over $500 million and a total of 50 large deals closed.

The company's strategy is pivoting to a consulting-led, AI-powered model.
Wipro Intelligence: The unified suite of AI-powered platforms, solutions, and offerings, encompassing:
WINGS: An AI-first operations platform for infrastructure, applications, cybersecurity, and business processes.
WEGA: An AI-powered engineering platform for modernizing technology estates and accelerating software development.
A dedicated AI Native Business and Platforms unit was established to build and scale AI-led platforms and incubate new businesses.
Investments: $500 million committed to Wipro Ventures to invest in frontier startups across AI, Data, and Security.
Partnerships: Setup of an Applied AI Center of Excellence for Claude models with Anthropic, Partner Labs, and Centers of Excellence.
Examples of AI Deployment: Cited a project for a large US bank that reduced migration effort by 30% and a solution for a global healthcare company that processed over 500K invoices ($8B value) with 70% touchless processing.

Acquisition: The acquisition of HARMAN's Digital Transformation Solutions was completed, strengthening engineering capabilities and opening new markets in South Korea.
Sustainability: Renewable energy accounts for 94% of operations, on track for 100% before 2030. Absolute freshwater consumption was reduced by 4.6%, and 98% of waste was recycled.

Directors Present: 7 Directors attended via VC: Mr. Rishad A. Premji (Chairman), Mr. Srinivas Pallia (CEO & MD), Mr. Azim H. Premji, Mr. Deepak M. Satwalekar, Ms. Tulsi Naidu, Ms. Päivi Rekonen, Mr. N. S. Kannan, and Ms. Laura Miller.
Officials in Attendance: Ms. Aparna Iyer (CFO), Mr. M Sanaulla Khan (Company Secretary), Mr. Anand Subramanian (Partner, Deloitte Haskins & Sells LLP, Statutory Auditor), and Mr. V. Sreedharan (Scrutinizer).
Members Present: 168 Members attended the meeting through video conferencing.

The Notice of the AGM and the Annual Report were sent to members electronically.
Original documents, including registers and financial statements, were made available for inspection.
Clarifications were provided to queries raised by members during the meeting.
The voting results along with the scrutinizer's report were scheduled to be filed with the exchanges and made available on the company's website (www.wipro.com) on or before July 17, 2026.