Wipro VLSI Design Services Merger into IT Services Completed

Key Details

Corporate Action: Merger of step-down subsidiaries

Effective Date: October 1, 2026 (Eastern Time)

Intimation Received: October 3, 2026

Nature of Scheme

Merger of Wipro VLSI Design Services, LLC (transferor entity) into Wipro IT Services, LLC (transferee entity).

Entities Involved

Transferor Company: Wipro VLSI Design Services, LLC (step-down subsidiary)

Transferee Company: Wipro IT Services, LLC (step-down subsidiary)

Financial Details

Wipro VLSI Design Services, LLC Turnover: USD 1,043,971 (as of March 31, 2026)

Wipro IT Services, LLC Turnover: NIL (as of March 31, 2026)

Business Areas

Wipro VLSI Design Services, LLC: Engaged in VLSI design, verification, physical and analog design, FPGA, and product engineering services for the semiconductor and technology industries.

Wipro IT Services, LLC: Engaged in the business of providing software development services.

Consideration Structure

Cash Consideration: Not applicable

Share Exchange Ratio: Not applicable

Shareholding Impact

Change in Shareholding Pattern: Not applicable

Regulatory Status

Related Party Transaction: Not applicable

Arm's Length Nature: Not applicable

Rationale

The transaction has been undertaken with the intention to rationalize and consolidate the overall group structure.