Wipro Limited has officially announced the retirement of two Independent Directors from its Board of Directors through a regulatory filing under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The IT services major communicated this significant governance change to all stock exchanges where its shares are listed, including BSE Limited, National Stock Exchange of India Limited, and NYSE New York.

Directors Retirement Details

Dr. Patrick J. Ennis (DIN: 07463299) and Mr. Patrick Dupuis (DIN: 07480046), both Independent Directors, will retire from Wipro's Board of Directors with effect from close of business hours on March 31, 2026. The retirement follows the completion of their tenure under Section 149(11) of the Companies Act, 2013.

Board Committee Restructuring

Following the retirement of the two Independent Directors, Wipro has announced the re-constitution of key Board Committees effective April 1, 2026. The restructuring affects two major committees responsible for governance and stakeholder relations.

Nomination and Remuneration Committee

The Nomination and Remuneration Committee, which also acts as the Corporate Social Responsibility Committee, will have the following composition:

Administrative and Shareholders/Investors Grievance Committee

The Administrative and Shareholders/Investors Grievance Committee (Stakeholders Relationship Committee) will be reconstituted as follows:

Regulatory Compliance and Documentation

Wipro has ensured full compliance with regulatory requirements by providing detailed disclosures as mandated under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The official communication was signed by M Sanaulla Khan, Company Secretary, and filed on March 31, 2026, ensuring timely disclosure to investors and stakeholders.

The company has provided comprehensive details in Annexure-A as required under SEBI regulations, including the reason for change, cessation dates, and other mandatory disclosures. This governance transition demonstrates Wipro's commitment to maintaining transparent corporate governance practices and regulatory compliance across all its listed exchanges.

Wipro Limited has announced the grant of Restricted Stock Units to its employees under the company's Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024. The grant, effective March 24, 2026, represents the company's continued commitment to employee compensation and retention through equity participation.

Stock Unit Grant Details

The company has granted stock units to identified employees across two categories. The grant includes both ADS (American Depositary Shares) Restricted Stock Units and regular Restricted Stock Units, providing employees with equity-based compensation tied to the company's performance.

Vesting and Exercise Framework

The granted stock units will follow a structured vesting and exercise framework as established by the company's governance structure. The Nomination and Remuneration Committee of the Board has approved both the vesting schedule and the exercise period for these grants.

Key aspects of the grant structure include:

• Vesting will occur according to the schedule approved by the Nomination and Remuneration Committee
• Exercise rights will be available over the approved exercise period
• The grants fall under the comprehensive Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024

Regulatory Compliance

Wipro Limited has formally notified both major Indian stock exchanges about this employee stock grant. The company communicated the details to BSE Limited and the National Stock Exchange of India Limited, ensuring full regulatory compliance and transparency in its employee compensation practices.

The notification was signed by M Sanaula Khan, Company Secretary, and submitted to the exchange authorities as part of the company's ongoing disclosure obligations. This grant represents part of Wipro's broader employee engagement and retention strategy through equity-based compensation programs.