Wipro has extended the deadline for the acquisition of select customer contracts from Alpha Net Consulting LLC and its subsidiaries to December 31, 2026.

Transaction timeline update

The company disclosed in a filing on September 30, 2026, that the transaction, which was previously expected to be completed by September 30, 2026, has been pushed back. This update follows earlier disclosures made on April 15, 2026, and June 23, 2026, regarding the definitive agreement signed by Wipro's subsidiaries.

The extension reflects a revision to the established timeline for completing the acquisition of these specific customer contracts. The transaction involves Wipro Limited acquiring select customer contracts through its subsidiaries.

Regulatory disclosure

The update was submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was addressed to BSE Limited, National Stock Exchange of India Limited, and NYSE, New York.

The disclosure confirms that while the definitive agreement remains in place, the operational completion of the contract transfer requires additional time beyond the initial September 2026 target.

Wipro Limited has partnered with Aramco and SAP to launch Wipro STO360, a new solution designed to modernize Shutdown, Turnaround and Outage (STO) management for asset-intensive industries. The collaboration leverages SAP’s Business Technology Platform to provide real-time visibility and improve operational efficiency.

The solution targets sectors including oil and gas, chemicals, mining, manufacturing, and utilities. By combining Wipro’s domain expertise with Aramco’s operational leadership, the platform aims to enhance asset reliability and strengthen compliance across maintenance programs.

Strategic Collaboration

Built on a cloud-native architecture, Wipro STO360 integrates Wipro Intelligence capabilities with SAP’s enterprise-grade security and scalability. The tool is designed to support informed decision-making throughout the STO lifecycle.

Vinay Firake, CEO of APMEA at Wipro, noted that asset-heavy industries require rapid AI-led transformation to meet regulatory expectations and operational complexity. He stated that the solution helps enterprises optimize STO operations and unlock measurable business value.

Ahmad O. Al Khowaiter, Executive Vice President of Technology & Innovation at Aramco, said the initiative aims to set new benchmarks in operational excellence. He highlighted that the tool supports optimizing turnaround and inspection planning phases by increasing process efficiency.

Ecosystem Innovation

Darryl Gray, Global Senior Vice President of ISV Partner Management at SAP, emphasized the importance of ecosystem innovations for delivering the Autonomous Enterprise vision. He confirmed that Wipro STO360 has achieved SAP-endorsed app status and is available on the SAP Store.

Wipro has served as a trusted partner to Aramco for over two decades, delivering services in IT, engineering, and digital transformation. The companies have also collaborated on initiatives aligned with Saudi Arabia's Vision 2030 roadmap for economic diversification and sustainability.