Wipro Limited has informed the Exchange regarding Outcome of Board Meeting held on April 16, 2026- Re-appointment of Ms. Tulsi Naidu (DIN: 03017471) as an Independent Director of the Company for a second term of 5 years w.e.f. July 1, 2026, to June 30, 2031, subject toapproval of the shareholders of the Company
WIPRO · price
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Wipro reported FY26 standalone revenue of ₹713.5 billion (up 4% YoY) and consolidated revenue of ₹926.2 billion (up 4% YoY). Standalone net profit grew 11% to ₹121.3 billion while consolidated profit remained flat at ₹132.7 billion. The Board approved a ₹15,000 crore share buyback (5.7% of equity) at ₹250 per share, representing a ~23% premium to current market price. Additionally, Ms. Tulsi Naidu was re-appointed as Independent Director for a second 5-year term starting July 1, 2026, subject to shareholder approval. Deloitte issued unmodified audit opinions on both standalone and consolidated financials.
The buyback offer at ₹250 per share is significantly above current market price, which is positive for remaining shareholders as it signals management confidence and provides a direct return mechanism. Strong profit growth on standalone basis is encouraging though consolidated performance was flat.