Results of Postal Ballot by remote e-voting process and Proceedings of the meeting

Management Changes View source PDF Explain this filing

WIPRO · price

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Price reactionminutes from the announcement price · days from the prior close

+1.7%Reaction day

₹199.51

prior close

₹200.00

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.3%+1.4% vs market

Computers - Software & Consulting peers, median of 66sector+0.1%+1.7% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty 100 and 1.7 pts more than its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+1.7+0.3+1.4+0.1+1.7

Next day

+3.3+1.6+1.6+1.1+2.1

+2.0+1.3+0.7+0.5+1.5

+1.1+1.5-0.4+0.7+0.4

+2.3+0.0+2.3-0.2+2.5

+3.5-0.8+4.3+0.6+2.9

+2.2-0.8+3.0+1.0+1.2

15d

-9.2+1.3-10.5-1.4-7.8

-9.7+2.5-12.2-0.3-9.4

-12.6+1.9-14.5-0.7-11.9

-9.1+3.1-12.3-1.3-7.8

UpDownMarket · Nifty 100Sector · Computers - Software & Consulting peers, median of 66Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Wipro shareholders approved three special resolutions via postal ballot with overwhelming support. The first resolution reappointed Ms. Tulsi Naidu as Independent Director for another 5-year term starting July 1, 2026, with 99.55% votes in favour. The second appointed Ms. Laura Marie Miller as Independent Director for a 5-year term from April 1, 2026, with 99.81% approval. The third approved a share buyback of up to 60 crore equity shares (5.72% of capital) at ₹250 per share, totaling ₹15,000 crore (approximately 20% of consolidated free reserves), with 99.79% shareholder support. All resolutions passed with requisite majorities on May 21, 2026.

Likely market impact

The share buyback of ₹15,000 crore is positive for shareholders as it provides an exit opportunity at a premium and signals management confidence in the company's intrinsic value. The strong board continuity with reappointment of independent directors reinforces governance stability.