Bond.az reports: Wipro Limited (NYSE:WIT) announced Thursday that its shareholders have approved several key resolutions through a postal ballot and electronic voting process, according to a statement based on a recent SEC filing.
The approved resolutions include the reappointment of Ms. Tulsi Naidu as an independent director for a second term of five years, effective from July 1, 2026, to June 30, 2031. Shareholders also approved the appointment of Ms. Laura Marie Miller as an independent director for a five-year term, beginning April 1, 2026, and ending March 31, 2031.
Additionally, shareholders authorized a buyback of up to 600 million fully paid-up equity shares of ₹2 each, representing 5.72% of the company's total paid-up equity share capital. The buyback will be executed at a price of ₹250 per share, with the total amount not exceeding ₹150 billion (₹15,000 crore).
The voting period for these resolutions commenced on April 22 and concluded on Thursday. The results were communicated to the stock exchanges in India and the New York Stock Exchange.
