Wipro Limited has informed the Exchange about Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Wipro's stepdown subsidiary, Wipro Holdings Hungary Korlátolt Felelősségű Társaság, has been voluntarily liquidated effective July 23, 2025, with court confirmation received on July 25, 2025. The Hungary-based entity contributed no revenue from operations and only Rs. 29.4 million in other income, with a net worth of Rs. 185.8 million (just 0.02% of the group's net worth). Wipro said the move is part of rationalizing and consolidating its overall group structure. There is no sale, no consideration received, and no buyer involved — it is purely a wind-down.
This is a routine, non-material corporate housekeeping action. With zero revenue contribution and a negligible share of net worth, the liquidation will have no meaningful effect on Wipro's financials or shareholder value. It may marginally simplify the group's legal structure going forward.