Wipro has declared an interim dividend of ₹2 per equity share having a nominal value of ₹2 each for the tax year ending March 31, 2027. The record date to determine eligible shareholders for the dividend is fixed as July 27, 2026. The Board of Directors approved the dividend at its meeting held on July 16, 2026.

Dividend Details

The company stated that dividend paid or distributed on or after April 01, 2026, is taxable in the hands of shareholders. Wipro will deduct tax at source (TDS) at 10% for resident shareholders with a valid Permanent Account Number (PAN) and at 20% without or with an invalid PAN. For non-resident shareholders, TDS will be deducted at rates prescribed under the Income-tax Act, 1961, or relevant Tax Treaties. No withholding tax applies if the dividend payable to a resident individual shareholder is up to ₹10,000 per annum within a tax year.

Shareholder Information

Shareholders have been requested to update their KYC details, including PAN and bank account information, to ensure seamless dividend payment. Documents for claiming exemptions or updating details must be submitted to the Registrar and Share Transfer Agent, KFin Technologies Limited, by July 27, 2026, at 9 PM IST. Members holding shares in physical form were encouraged to register their email IDs with the RTA to receive electronic communications.

A senior executive at Wipro has outlined an expanded strategy to strengthen the company's artificial intelligence capabilities, encompassing plans to create data centers and sovereign AI solutions for clients, investments in a dedicated AI unit, the development of Small Language Models (SLMs), and strategic collaborations with prominent AI companies, including Anthropic and OpenAI. The executive also indicated that while overall IT budgets are not expected to increase, existing expenditures are increasingly being redirected towards AI projects, though short-term AI investments may experience fluctuations.

Data Centers and Sovereign AI Solutions

A notable addition to Wipro's AI roadmap is the executive's announcement of plans to create data centers and develop sovereign AI solutions for clients. Sovereign AI refers to the development and deployment of AI capabilities that are governed, controlled, and operated within the boundaries of a specific nation or organisation, ensuring data residency, regulatory compliance, and strategic independence. This initiative signals Wipro's intent to address the growing demand among enterprises and governments for AI infrastructure that meets localised governance and security requirements.

Strategic AI Investment and Unit Development

The executive's plans also centre on directing investment into Wipro's dedicated AI unit, underscoring the company's commitment to building robust in-house AI infrastructure. This move is aimed at positioning Wipro as a more active participant in the global AI ecosystem, leveraging dedicated resources to accelerate the development and deployment of AI-driven solutions.

Focus on Small Language Models

A key component of the strategy involves the creation of Small Language Models (SLMs). SLMs represent a growing area of interest in the AI industry, offering more targeted and efficient alternatives to large-scale language models for specific enterprise use cases. Wipro's focus on developing SLMs indicates an intent to build customised, domain-specific AI capabilities that can be deployed across its service offerings.

Collaborations with Leading AI Companies

The executive highlighted plans to collaborate with established AI companies, specifically naming Anthropic and OpenAI as prospective partners. These collaborations are expected to complement Wipro's internal AI development efforts by integrating cutting-edge external AI technologies and expertise into the company's portfolio. The following table summarises the key strategic initiatives announced:

IT Budget Outlook and AI Spending Trends

Adding further context to the company's AI positioning, the executive noted that overall IT budgets are not anticipated to grow. However, current expenditures within those budgets are being actively reallocated towards AI-focused projects, reflecting a broader industry trend of prioritising AI within constrained spending envelopes. The executive also cautioned that short-term AI investments may experience fluctuations, signalling an acknowledgement of near-term uncertainty in the pace of AI spending.

Broader Implications for Wipro's AI Strategy

Taken together, these initiatives reflect a multi-pronged approach by Wipro to expand its AI footprint. By combining data center creation, sovereign AI offerings, internal investment, proprietary model development, and external partnerships, the company is laying the groundwork for a comprehensive AI strategy. The focus on both building and collaborating signals a recognition that leadership in AI requires independent capability-building alongside active engagement with the broader AI industry ecosystem.