Wipro Limited has informed the Exchange that pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we inform you that the Hon'ble National Company Law Tribunal (NCLT), Bengaluru bench vide its order dated June 6, 2025, has approved the Scheme of Amalgamation and Merger and Appointed Date of the Scheme is April 1, 2025. The Company received intimation to this effect on June 11, 2025.
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The National Company Law Tribunal (NCLT), Bengaluru bench has approved Wipro Limited's Scheme of Amalgamation and Merger vide its order dated June 6, 2025, with the Appointed Date set as April 1, 2025. Under this scheme, five wholly-owned subsidiaries — Wipro HR Services India Pvt Ltd, Wipro Overseas IT Services Pvt Ltd, Wipro Technology Product Services Pvt Ltd (formerly Encore Theme Technologies), Wipro Trademarks Holding Ltd, and Wipro VLSI Design Services India Pvt Ltd — will merge into Wipro Limited. Since all transferor companies are wholly-owned by Wipro, no new shares will be issued and the shares held in these subsidiaries will stand cancelled. The five transferor companies will be dissolved without winding up. Wipro received intimation of the NCLT order on June 11, 2025.
This is a purely internal restructuring of wholly-owned subsidiaries and is largely administrative in nature, with no material impact on Wipro's shareholders, share count, or earnings per share. The merger is expected to streamline operations, reduce compliance costs, and simplify the corporate structure, with negligible stock price impact expected.