Wipro Limited (BSE: 507685, NSE: WIPRO, NYSE: WIT), a leading global information technology company, has announced the voluntary dissolution of its stepdown subsidiary, Aasonn Philippines Inc., effective October 1, 2025. This move is part of Wipro's strategic initiative to streamline and improve the group's overall structure.

Key Details of the Dissolution

• Effective Date: October 1, 2025
• Entity Affected: Aasonn Philippines Inc., a stepdown subsidiary of Wipro Limited
• Purpose: To rationalize and consolidate the overall group structure

Financial Impact

According to the company's disclosure, Aasonn Philippines Inc. had minimal financial impact on Wipro's operations:

These figures, reported as of March 31, 2025, indicate that the dissolution of Aasonn Philippines Inc. is unlikely to have a significant direct impact on Wipro's financial performance.

Regulatory Compliance

Wipro has made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided the necessary details to the stock exchanges, including BSE, NSE, and NYSE, where its shares are listed.

Strategic Implications

The dissolution of Aasonn Philippines Inc. appears to be a strategic move by Wipro to optimize its corporate structure. By streamlining its operations and eliminating non-contributing entities, Wipro aims to enhance operational efficiency and potentially reduce administrative overhead.

This restructuring initiative may be part of a broader strategy to focus on core business areas and allocate resources more effectively across the group. As global IT companies face increasing competition and rapidly evolving market demands, such organizational adjustments can help maintain agility and improve overall performance.

Investors and stakeholders will likely be watching closely to see if this move leads to any noticeable improvements in Wipro's operational efficiency or financial performance in the coming quarters. However, given the minimal financial contribution of Aasonn Philippines Inc., the immediate impact on Wipro's bottom line is expected to be limited.

Wipro continues to demonstrate its commitment to corporate governance and transparency through timely disclosures of such organizational changes, keeping shareholders and the market well-informed of its strategic decisions.

Wipro founder and Chairman Azim Premji has rejected a proposal from Karnataka Chief Minister Siddaramaiah to allow public road access through the company's Sarjapur campus, citing significant legal and operational challenges. The proposal was aimed at easing traffic congestion on Bengaluru's Outer Ring Road near Iblur junction.

Proposal and Response

Chief Minister Siddaramaiah's proposal, made on September 19, suggested that preliminary assessments indicated the campus shortcut could reduce peak-hour congestion by 30% on adjacent road stretches. However, in his response letter, Premji outlined several concerns that prevent Wipro from accommodating this request:

• Special Economic Zone Status: The Wipro campus operates as a Special Economic Zone (SEZ) with strict access control requirements.
• Legal and Governance Issues: Allowing public access could lead to statutory violations and potential liability issues.
• Security Risks: Opening the campus to public traffic poses significant security concerns for the company.
• Regulatory Compliance: The proposal conflicts with existing regulatory obligations for the SEZ.

Alternative Solution Proposed

Instead of granting campus access, Premji proposed a more comprehensive approach to address the traffic issues:

• Data-Driven Study: Suggested conducting a thorough study by urban transport experts to develop sustainable mobility solutions.
• Financial Support: Offered that Wipro would fund a substantial portion of the study costs.
• Collaborative Approach: Emphasized the need for a partnership between the company and the government to find workable solutions.

Wipro's Stance

Premji's response underscores Wipro's commitment to corporate responsibility while maintaining the integrity of its operations. The company expressed willingness to collaborate with the government on viable alternatives that could alleviate traffic congestion without compromising the security and regulatory compliance of its campus.

This development highlights the complex challenges faced by both corporations and city planners in rapidly growing urban areas like Bengaluru, where infrastructure often struggles to keep pace with expansion. As the dialogue between Wipro and the Karnataka government continues, it remains to be seen what alternative solutions might emerge to address the pressing issue of traffic congestion in the area.