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The sale is expected to close during the quarter ending June 30, Pursuant to the approval of the Board of Directors on January 19,your Company paid an interim dividend of Rs. This includes cookies from third party social media websites and ad networks.
Pursuant to section of Companies Act, and Schedule V of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, “Listing Regulations”disclosure on particulars relating to Loans, advances, guarantees and investments are provided as part of the financial statements. B C Prabhakar and Mr.
Mar 31, 1. India continues to be the global sourcing leader.
Wipro Balance Sheet, Wipro Financial Statement & Accounts
Ensono has a right to repurchase up to an aggregate of 5. Corporate governance 211-12 are enshrined in the Spirit of Wipro, which form the core values of Wipro. Net profit for the year Balance of Reserve at the beginning of the year Transfer to General Reserve Balance of Reserve at the end of the year. William Arthur Owens as mentioned in the preceding paragraphs. Acquisitions consummated during the year ended March 31, included Infoserver S.
Ireena Vittal f Mr. Our net profits increased to Rs. Pursuant to provisions of section and Articles of Association of the Company, Mr. sheey
Consequently, the paid up equity share capital of the Company stood at Rs. During the financial yearyour Company invested an aggregate million in its direct subsidiaries.
Particulars regarding Conservation of Energy Your Company has taken several steps to conserve energy through its”Sustainability”initiatives as disclosed separately as part of this Annual Report. Your Company has invested in these advanced technologies to strengthen existing capabilities and enhance its platforms for rich customer experience. This is a generic cognitive computing platform that enables development of Al applications such as digital virtual agents, predictive systems, cognitive process automation, visual computing applications, knowledge virtualisation, robotics and drones.
The requisite notices together with necessary deposit have been received from a member pursuant to Section of the Companies Act, proposing the election of Mr. While US continues to be the largest geographic market for India, accounting for 62 percent, the highlight for the year was revival in demand from Europe, which grew at 14 percent in FY Along with the new identity, your Company has rearticulated the Spirit of Wipro.
Acquisitions, Investments and Divestments. During the year ended March 31,your Company acquired Appirio Group, a global Cloud Services company that creates next generation worker and customer experiences. Pursuant to the provisions of section 6 of the Companies Act, and the rules mentioned aforesaid, equity shares in respect of which dividend has not been claimed for the financial year will be transferred to the IEPF Authority in accordance with the aforesaid rules.
The policy details various considerations based on which the Board may 2101-12 or declare dividend, current dividend track record, usage of retained earnings for corporate actions, etc. William Arthur Owens, as its members. M K Sharma d. Jagdish N Sheth expires on July 18, In Augustyour Company had entered into partnership with Wipo Corporation Limited for planning, implementing and managing Information and Communication Technology services across Lavasa City.
Transfer to Reserves The appropriations to General Reserve for the Financial Year ended March 31, as per consolidated and standalone financial statements are: The scheme of amalgamation will, inter alia, enable optimization of legal entity structure through rationalization of number of subsidiaries, integration of business operations leading wiipro operational synergies, provide your Company seamless access to the assets of the subsidiaries and also result in reduction of the multiplicity of legal and regulatory compliances.
A total of complaints of sexual harassment were raised in the calendar yearof which 92 cases were disposed and appropriate actions were taken in all cases balaance the statutory timelines.
One third of these retiring Directors must retire from ofce at each Annual General Meeting of the shareholders.
Your Company has filed for patents across technology areas in the last financial year. Pressures on cost-competitiveness, an uncertain economic environment and immigration restrictions are causing clients to develop newer business models. In the consolidated financial statements, these are considered as hedges of net investment in non-integral foreign operations. One third of these retiring Directors must retire from office at each Annual General Meeting of the shareholders.
Risk Management Given the diversified scale of operations, your Company has put in place an Enterprise Risk Management ERM framework and adopted an enterprise risk management policy based on globally recognized standards.
Wipro Sight, a comprehensive in-store analytics solution for the Retail and Consumer Good industry combines the power of human sight with the speed of computer vision, and enables processing and analysis of surveillance data to empower retailers with a near real-time situational awareness, enabling them to respond speedily to waiting customers, long queues, unanticipated stock-outs and similar situations.
The Company has received necessary declarations from the Independent Directors stating that they meet the prescribed criteria for independence. The Scheme became effective on March 31, with an appointed date of April 01, with the sanction of the Honorable High Court of Karnataka and filing of the certified copy of the same with the Registrar of Companies.
Premji, Chairman Bangalore, June 15, While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard.
Key highlights of financial performance of your Company for the financial year are provided below: