Wipro Limited has completed the allotment of 2,88,023 equity shares under its Employee Stock Option Plans on March 20, 2026. The IT services company informed stock exchanges about this corporate action through an official communication to both BSE Limited and National Stock Exchange of India Limited.

Share Allotment Details

The equity share allotment was executed under two distinct ESOP schemes operated by the company. The breakdown of shares allotted under each plan demonstrates the company's structured approach to employee stock compensation.

Corporate Communication

The allotment was formally communicated to the stock exchanges through a letter signed by M Sanaualla Khan Mohammed, Company Secretary of Wipro Limited. The communication was digitally signed on March 20, 2026, at 17:46:13 +05'30', ensuring proper documentation and regulatory compliance.

Regulatory Compliance

Wipro Limited has fulfilled its disclosure obligations by informing both major Indian stock exchanges about the ESOP exercise. The company trades on BSE Limited under the symbol 507685 and on National Stock Exchange of India Limited under the symbol WIPRO. This allotment represents the exercise of stock options by eligible employees under the company's established equity compensation programs.

The allotment of equity shares under ESOP plans reflects the company's commitment to employee participation in its growth story through structured stock-based compensation mechanisms.

Wipro Limited has officially announced the launch of a new hub at the Gujarat International Finance Tec-City (GIFT City), Gandhinagar, marking a strategic milestone in strengthening the company's capabilities to deliver advanced AI-powered technology services to global Banking, Financial Services, and Insurance (BFSI) clients.

Strategic Hub Specifications and Capacity

The new GIFT City facility offers comprehensive infrastructure to support Wipro's expanding BFSI operations:

Wipro Intelligence™ Integration

The initiative creates a strong foundation to accelerate the development of next-generation, consulting-led and AI-first financial services capabilities. Aligned with Wipro Intelligence™—the unified suite of AI-powered platforms, solutions, and transformative offerings—the new hub will support the delivery of advanced solutions across digital banking, capital markets, regulatory technology, risk and compliance, and core platform modernization initiatives.

Leadership Perspectives

Deputy Chief Minister of Gujarat Shri Harsh Sanghavi emphasized the strategic importance of this development: "GIFT City-IFSC is fast emerging as a global financial and technology hub, attracting leading enterprises from around the world. Wipro's new center in the GIFT city reflects Gujarat's growing prominence as a destination for innovation and high value digital capabilities."

Sanjeev Jain, Chief Operating Officer, Wipro Limited, highlighted the strategic value: "Wipro's presence at GIFT City is a strategic investment to scale the impact of Wipro Intelligence™ for the global BFSI industry. By combining our consulting-led, AI-powered transformation and delivery capabilities with deep domain expertise and a strong innovation culture within a high-quality talent ecosystem, we are enabling deeper client engagement and long-term value creation."

Talent Development and Local Ecosystem

The hub reinforces Wipro's commitment to developing local talent in Gujarat's rapidly growing IT ecosystem. With access to a strong graduate talent pool, Wipro is positioned to meet current industry needs while building capabilities aligned to the next phase of industry transformation. The center strengthens Wipro's ability to co-innovate with clients, embed responsible AI across critical financial workflows, and scale secure, domain-led platforms to meet growing global demand for AI-powered BFSI transformation.