Wipro Limited has informed the Exchange regarding Proceedings of 79th Annual General Meeting held on July 16, 2025
WIPRO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Wipro held its 79th AGM on July 16, 2025 via video conferencing, chaired by Rishad A. Premji and attended by 114 members. The meeting covered four business items: adoption of FY25 audited financial statements, confirmation of the ₹6 per share interim dividend as the final dividend, re-appointment of CEO Srinivas Pallia (retiring by rotation), and appointment of V. Sreedharan & Associates as Secretarial Auditors. Key FY25 numbers shared: IT services revenue of $10.5 billion (down 2.3% in constant currency), net income of ₹131.4 billion (up 18.9%), operating margin of 17.1% (up 0.9%), EPS of ₹12.6 (up 20.3%), and operating cash flow of nearly $2 billion. The company closed 63 large deals worth $5.4 billion (up 17.5% YoY) and won two mega deals. Management announced a new capital return policy: at least 70% of net income returned to shareholders cumulatively over three years starting FY26, a one-to-one bonus issue planned in Q2 FY26, and an interim dividend of ₹6 per share in Q3.
The new 70%+ net income payout policy and the planned bonus issue are shareholder-friendly moves that should support stock sentiment, even though FY25 revenue declined slightly. Strong margin expansion, cash flow conversion, and a growing large-deal pipeline point to improving fundamentals heading into FY26.