Wipro extends Alpha Net Consulting deal completion to Sep 30, 2026

0 min read     Updated on 24 Jun 2026, 01:29 AM
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AI Summary

Wipro Limited has extended the expected completion date for acquiring select customer contracts from Alpha Net Consulting LLC to September 30, 2026. The definitive agreement was signed on April 14, 2026, with an initial closing target of June 30, 2026. The company disclosed the revised timeline to the stock exchanges on June 23, 2026.

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Wipro Limited has extended the timeline for the acquisition of select customer contracts from Alpha Net Consulting LLC and its subsidiaries. The transaction is now expected to be completed by September 30, 2026, a delay from the previously anticipated closing date of June 30, 2026.

The company, through its subsidiaries, had signed a definitive agreement on April 14, 2026, to acquire the contracts. The extension was disclosed in a regulatory filing submitted to the stock exchanges on June 23, 2026.

Transaction Details

The acquisition involves select customer contracts of Alpha Net Consulting LLC. The following table outlines the key dates associated with the transaction:

Milestone Date
Definitive Agreement Signed April 14, 2026
Initial Expected Completion June 30, 2026
Revised Expected Completion September 30, 2026

The filing was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Wipro Limited informed the Manager of Listing at BSE Limited, National Stock Exchange of India Limited, and the Market Operations at NYSE regarding the revised timeline.

Historical Stock Returns for Wipro

1 Day5 Days1 Month6 Months1 Year5 Years
-0.98%+1.88%-3.65%-34.19%-33.03%-39.08%

What are the primary reasons cited for the three-month delay in the acquisition timeline?

How might this delay impact Wipro's projected revenue integration from the acquired contracts?

Will the extension affect the financial terms or valuation of the transaction?

Wipro files Business Responsibility and Sustainability Report for FY 2025-26

2 min read     Updated on 22 Jun 2026, 09:03 PM
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AI Summary

Wipro Limited filed its Business Responsibility and Sustainability Report for FY 2025-26, detailing a 92% reduction in Scope 1 & 2 emissions and 94% renewable energy sourcing. The report covers consolidated ESG performance, excluding the Harman DTS group, and received reasonable assurance from Deloitte Haskins & Sells LLP.

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Wipro Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, with BSE Limited, National Stock Exchange of India Limited, and NYSE. The filing, submitted pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, details the company's consolidated ESG performance, excluding the recently acquired Harman DTS group.

The report highlights significant progress in environmental stewardship, with Wipro achieving a 92% reduction in Scope 1 and 2 emissions from set baselines and a 65% reduction in Scope 3 emissions. The company sourced 94% of its electricity via renewables during the year. Wipro has committed to achieving Net-Zero GHG emissions across Scopes 1, 2, and 3 by 2040 and aims for 100% renewable energy for all owned facilities by 2030.

Operational and Employee Metrics

As of March 31, 2026, Wipro's paid-up equity share capital stood at ₹ 20,977 Million. The company reported a total workforce of 246,990 employees, with women comprising 36.97% of the permanent employee base in India. The Board of Directors included 22.22% female representation. The company recorded zero fatalities for FY 2025-26, compared to one in the previous year, and noted that 85% of employees completed annual training on the Code of Business Conduct.

Environmental Performance

The company disclosed its waste management metrics, reporting a total waste generation of 7,932 metric tonnes for the year. Of this, 7,008 metric tonnes were recovered through recycling and reusing operations. Water consumption intensity was reported at 26.55 liters per person per day in water-stressed areas. The report also noted that Wipro does not have operations in ecologically sensitive areas and is compliant with applicable environmental regulations.

Assurance and Governance

Deloitte Haskins & Sells LLP provided reasonable assurance for the BRSR Core indicators and limited assurance for selected comprehensive KPIs. The assurance engagement covered the year ended March 31, 2026, and confirmed that the identified sustainability information was prepared in all material respects in accordance with the specified criteria. Narayan PS, Global Head - Sustainability and Social Initiatives, was identified as the authority responsible for the implementation and oversight of the Business Responsibility policy.

Metric FY 2025-26 Unit
Paid-up Equity Share Capital 20,977 ₹ Million
Total Employees 246,990 Count
Female Permanent Employees (India) 36.97 %
Renewable Energy Sourcing 94 %
Scope 1 & 2 Emissions Reduction 92 %
Scope 3 Emissions Reduction 65 %
Total Waste Generated 7,932 Metric Tonnes
Waste Recovered (Recycled/Reused) 7,008 Metric Tonnes

Historical Stock Returns for Wipro

1 Day5 Days1 Month6 Months1 Year5 Years
-0.98%+1.88%-3.65%-34.19%-33.03%-39.08%

What specific strategies will Wipro employ to bridge the remaining gap to Net-Zero, particularly regarding the harder-to-abate Scope 3 emissions?

How will the integration of the recently acquired Harman DTS group impact Wipro's overall ESG metrics and renewable energy targets in future filings?

With the 2030 deadline approaching, what capital expenditures or investments are required to shift the remaining 6% of owned facilities to 100% renewable energy?

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