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.

Wipro Limited has announced a comprehensive expansion of its business operations in South Korea, including the establishment of a new innovation lab in Seoul and an enlarged office footprint. This strategic development reinforces South Korea's position as a key growth market for the AI-powered technology services company.

Strategic Expansion in South Korea

The expansion encompasses multiple components designed to strengthen Wipro's presence in the South Korean market. The company has enlarged its office footprint in Seoul and launched a new Innovation Lab as part of the Wipro Innovation Network (WIN), while continuing investments in local talent to support both South Korean and global clients.

Innovation Lab and Global Network Integration

The Seoul Innovation Lab operates as part of Wipro's global Wipro Innovation Network, serving as a collaborative space for South Korean clients and ecosystem partners. The facility enables co-creation, rapid experimentation, and solution development while showcasing Wipro Intelligence™—a unified suite of AI-powered platforms and transformative offerings.

Market Presence and Workforce

Wipro employs several hundred professionals in South Korea and serves clients through a strong local presence complemented by its global delivery network. The company partners with leading academic institutions to upskill talent and create opportunities for early-career professionals working on advanced technology programs.

Vinay Firake, CEO of APMEA Strategic Market Unit at Wipro Limited, stated: "South Korea is a strategic growth market for Wipro and an increasingly important center of global innovation. Our expanded presence reflects our long-term commitment to the region."

Global Innovation Network Expansion

With the Seoul facility launch, Wipro now operates nine innovation facilities globally, including five across the APMEA region. The expansion builds on Wipro's acquisition of HARMAN's Digital Transformation Solutions business unit, which brought over 5,000 professionals including senior leaders across South Korea, the Americas, Europe, and India into the organization.