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

  1. 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.

  1. 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

-

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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.