Wipro Limited has informed the Exchange regarding Notice of Postal Ballot

Buyback at over 10% premiumCorporate Actions View source PDF Explain this filing

WIPRO · price

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

-0.5%Reaction day

₹204.98

prior close

₹203.50

announcement price

After-mkt

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.5%+0.0% vs market

Computers - Software & Consulting peers, median of 68sector-0.9%+0.4% vs sector

On the reaction day the stock moved in line with Nifty 100 and 0.4 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.

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Next day

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UpDownMarket · Nifty 100Sector · Computers - Software & Consulting peers, median of 68Pending

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

AI summary

Wipro Limited has announced a postal ballot seeking shareholder approval for three items: (1) re-appointment of Ms. Tulsi Naidu as Independent Director for a second term of 5 years from July 1, 2026, (2) appointment of Ms. Laura Marie Miller as Independent Director for 5 years from April 1, 2026, and (3) a buyback of up to 60 crore (600 million) fully paid-up equity shares of face value ₹2 each at a price of ₹250 per share. The buyback aggregate amount is ₹15,000 crore (approximately 24.99% of standalone and 19.99% of consolidated free reserves as per audited financials for year ended March 31, 2026). The buyback will be through the tender offer route on a proportionate basis. The e-voting period runs from April 22, 2026 to May 21, 2026, with results expected by May 25, 2026.

Likely market impact

The ₹15,000 crore buyback represents a significant capital return to shareholders and is expected to support stock price, as the buyback price of ₹250 per share is likely above current market levels. The two board appointments strengthen governance.