DISCLOSURE UNDER SEBI (SHARE BASED EMPLOYEE BENEFITS AND SWEAT EQUITY) REGULATIONS, 2021 FOR THE YEAR ENDED MARCH 31, 2024
Sl. Description Wipro Restricted Stock Unit Plan 2005 ADS Restricted Stock Unit Plan 2004 Wipro Restricted Stock Unit Plan 2007 No.
1 | Date | of | Shareholder's | July 21, 2005 | June 11, 2004 | July 18, 2007 | ||
Approval | ||||||||
2 | Total Number | of | Options | 59,797,979 ADS representing | ||||
Approved Under the plan* | 59,797,979 | 59,797,979 underlying equity shares | 49,831,651 | |||||
As determined by Nomination and | As determined by Nomination and | As determined by Nomination and | ||||||
3 | Vesting Requirements | Remuneration Committee | Remuneration Committee | Remuneration Committee | ||||
4 | Maximum Term | of | Options | As determined by Nomination and | As determined by Nomination and | As determined by Nomination and | ||
Remuneration Committee | Remuneration Committee | Remuneration Committee | ||||||
Granted | ||||||||
5 | Source | of | Shares | (Primary, | Primary | |||
Secondary or Combination) | Primary | Primary | ||||||
6 | Number | of | Options | - | ||||
outstanding at the beginning | 13,435,451 | 8,253,007 | ||||||
of the period (2023-24) | ||||||||
7 | Number | of | Options/ RSUs | - | 14,546,143 | 5,237,166 | ||
granted during the year* | ||||||||
8 | Pricing formula | Face value of the share | Face value of the share | Face value of the share |
DISCLOSURE UNDER SEBI (SHARE BASED EMPLOYEE BENEFITS AND SWEAT EQUITY) REGULATIONS, 2021 FOR THE YEAR ENDED MARCH 31, 2024
Sl. Description Wipro Restricted Stock Unit Plan 2005 ADS Restricted Stock Unit Plan 2004 Wipro Restricted Stock Unit Plan 2007 No.
9 | Number | of | Options | - | 7,424,335 | 3,266,861 | ||
Vested during the year | ||||||||
10 | Number | of | Options | - | 6,674,868 | 4,151,654 | ||
exercised during the year | ||||||||
Number of shares arising as | - | - | - | |||||
11 | a | result | of | exercise | of | |||
options (as of March 31, | ||||||||
2024) | ||||||||
a) | Through | transfer | of | - | - | 3,943,096 | ||
12 | shares from | Wipro Equity | ||||||
Reward Trust, ESOP Trust | ||||||||
b) Through | allotment | of | - | 6,674,868 | 208,558 | |||
shares | ||||||||
13 | Number | of | Options | |||||
Lapsed/Forfeited during the | - | 3,669,857 | 1,146,503 | |||||
year ** | ||||||||
14 | Variation | in | terms of options | - | - | - | ||
upto March 31, 2024 | ||||||||
Money realized by exercise | 13,349,736 | 417,116 | ||||||
15 | of options during the year (₹) | - | ||||||
- for allotment of shares at | ||||||||
12 (b) above | ||||||||
16 | Number | of | Options | - | 17,636,869 | 8,192,016 | ||
outstanding at the end of the | ||||||||
year (2023-24) | ||||||||
17 | Number | of | Options | - | 2,038,346 | 1,905,001 | ||
Exercisable at the | ||||||||
end of the year |
DISCLOSURE UNDER SEBI (SHARE BASED EMPLOYEE BENEFITS AND SWEAT EQUITY) REGULATIONS, 2021 FOR THE YEAR ENDED MARCH 31, 2024
Sl. | Description | Wipro Restricted Stock Unit Plan 2005 | ADS Restricted Stock Unit Plan 2004 | Wipro Restricted Stock Unit Plan 2007 | |||||
No. | |||||||||
18 | Loan | Repaid by the Trust | Not applicable | Not applicable | Not applicable | ||||
during the year from exercise | |||||||||
price received | |||||||||
Employee Wise details of Options granted during the year: | |||||||||
i. Senior managerial personnel | |||||||||
Theirry | Delaporte, | Chief | - | - | |||||
Executive | Officer | and | 1,057,083 | ||||||
Managing Director *** | |||||||||
Aparna C Iyer, Chief Financial | - | - | 103,000 | ||||||
Officer | |||||||||
M. Sanaulla Khan, | - | - | 64,375 | ||||||
Company Secretary | |||||||||
ii. | Any | other | Employee | ||||||
19 | who receives a grant in | ||||||||
any | one | year | of | option | - | ||||
amounting to 5% or more | - | - | |||||||
of | option granted | during | |||||||
that year |
- Identified employees who were granted option, during any one year, equal to or exceeding 1% of the
issued capital | (exceeding | - | - | - | |
outstanding warrants | and | ||||
conversion) | of | the | |||
company at the time of | |||||
grant |
DISCLOSURE UNDER SEBI (SHARE BASED EMPLOYEE BENEFITS AND SWEAT EQUITY) REGULATIONS, 2021 FOR THE YEAR ENDED MARCH 31, 2024
Sl. | Description | Wipro Restricted Stock Unit Plan 2005 | ADS Restricted Stock Unit Plan 2004 | Wipro Restricted Stock Unit Plan 2007 | ||||
No. | ||||||||
Diluted | Earnings | per | share | |||||
pursuant to issue of shares on | ||||||||
20 | exercise of options calculated | 20.82 | ||||||
in accordance with Ind AS | ||||||||
(AS) 33 | ||||||||
21 | Method used to account for ESOS - Intrinsic or fair value | |||||||
Where the company opts for | ||||||||
expensing of | the options | |||||||
using the intrinsic value of | ||||||||
the options, the | difference | |||||||
between | the | employee | ||||||
compensation | cost | so | ||||||
computed and the employee | Since these options were granted at a | Since these options were granted at | Since these options were granted at a | |||||
22 | compensation cost that shall | |||||||
nominal exercise price, intrinsic value on | a nominal exercise price, intrinsic | nominal exercise price, intrinsic value on | ||||||
have been recognized if it | ||||||||
the date of grants approximates the fair | value on the date of grants | the date of grants approximates the fair | ||||||
had used the fair value of the | ||||||||
options | shall | be | disclosed. | value of the options | approximates the fair value of the | value of the options | ||
The impact of this difference | options | |||||||
on profits and on EPS of the | ||||||||
company. | ||||||||
DISCLOSURE UNDER SEBI (SHARE BASED EMPLOYEE BENEFITS AND SWEAT EQUITY) REGULATIONS, 2021 FOR THE YEAR ENDED MARCH 31, 2024
Sl. | Description | Wipro Restricted Stock Unit Plan 2005 | ADS Restricted Stock Unit Plan 2004 | Wipro Restricted Stock Unit Plan 2007 | |||
No. | |||||||
Weighted | average | ||||||
exercise | prices | and | Not applicable as there were no grants | Exercise price Rs. 2/- per option. The | Exercise price Rs. 2/- per option. The | ||
weighted | average | fair | |||||
values | of | options | during the year under this plan | weighted average grant-date fair value | weighted average grant-date fair value of | ||
23 | separately | for | options | of options granted during the year | options granted during the year ended | ||
whose exercise | price | ended March 31, 2024 was Rs. | March 31, 2024 was Rs. 389.50/-. | ||||
either equals or exceeds | 387.01/-. | ||||||
or is less than the market | |||||||
prices of the stock. | |||||||
24 A description of method and significant assumptions used during the year to estimate the fair values of options, including the following information: | |||
(a) the weighted- average | |||
values | of share | price, | |
exercise | price, expected | ||
volatility, | expected | option | |
life, expected dividends, | |||
the risk- free interest rate | |||
and any other inputs to the | |||
model; | |||
(b) the method used and | |||
the assumptions made to | |||
incorporate the effects of | |||
expected early exercise; | |||
DISCLOSURE UNDER SEBI (SHARE BASED EMPLOYEE BENEFITS AND SWEAT EQUITY) REGULATIONS, 2021 FOR THE YEAR ENDED MARCH 31, 2024
Sl. Description Wipro Restricted Stock Unit Plan 2005 ADS Restricted Stock Unit Plan 2004 Wipro Restricted Stock Unit Plan 2007 No.
-
how expected volatility
was determined, including an explanation of the extent to which
expected | volatility | was | Since these options were granted at | Since these options were granted at a | ||
based | on | historical | ||||
a nominal exercise price, intrinsic | nominal exercise price, intrinsic value on | |||||
volatility; and | Not Applicable as there were no grants | |||||
value on the date of grants | the date of grants approximates the fair | |||||
(d) whether and how any | during the year under this plan | |||||
approximates the fair value of the | value of the options | |||||
other features | of | the | ||||
options | ||||||
option | grant | were | ||||
incorporated into | the | |||||
measurement | of | fair | ||||
value, such as a market | ||||||
condition. |
Notes:-
- Includes RSUs that will vest based on performance parameters of the Company.
- As per the plan options/RSUs lapse on termination of the Plan. If an Option/RSU expires or becomes un-exercisable without having been exercised in full, such options shall become available for future grant under the Plan.
- The Board of Directors at their meeting held on April 6, 2024, noted the resignation of Mr. Thierry Delaporte as the Chief Executive Officer and Managing Director with effect from close of business hours April 6, 2024.
Details relating to Wipro Equity Reward Trust
(i) General information on all schemes
Sl. | Particulars | Details |
No. | ||
1 | Name of the trust | Wipro Equity Reward Trust |
2 | Details of the Trustee(s) | As per requirements of trust deed |
3 | Amount of loan disbursed by company/any company | - |
in the group, during the year | ||
4 | Amount of loan outstanding (repayable to company / | - |
any company in the group) as at the end of the year | ||
5 | Amount of loan, if any, taken from any other source | - |
for which company/any company in the group has | ||
provided any security or guarantee | ||
6 | Any other contribution made to the Trust during the | - |
year | ||
(ii) Brief details of transactions in shares by the Trust | ||
(a) | Number of shares held at the beginning of the year | 9,895,836 equity shares |
(b) | Number of shares acquired during the year through | NIL |
(i) primary issuance (ii) secondary acquisition, also | ||
as a percentage of paid up equity capital as at the | ||
end of the previous financial year, along with | ||
information on weighted average cost of acquisition | ||
per share | ||
(c) | Number of shares transferred to the employees / | 3,943,096 equity shares |
sold along with the purpose thereof | ||
(d) | Number of shares held at the end of the year | 5,952,740 equity shares |
Note: As per Rule 12 of the Company (Share Capital and debenture) Rules, 2014, Employees have no right to receive any dividend or to vote or in any manner or enjoy the benefits of a shareholder in respect of option granted to them, till shares are issued on the exercise of the option.
(iii) In case of secondary acquisition of shares by the Trust- Not Applicable
Number of shares | As a percentage of paid-up equity capital as at the end of the |
year immediately preceding the year in which shareholders' | |
approval was obtained | |
Held at the beginning of the year | - |
Acquired during the year | - |
Sold during the year | - |
Transferred to the employees during the year | - |
Held at the end of the year | - |
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Wipro Limited published this content on 24 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2024 14:50:33 UTC.