Company: WIT
Filing Date: 2025-05-22
Form Type: 20-F
Source: 0000950170-25-076303
Chunk: 237

Company: WIPRO LTD
Filing Date: 2025-05-22
Form: 20-F
Item: Item 18
Chunk 237
---
7 (WSRUP 2007 plan) (1) (2) (3)                                                                                             67,663,302   ₹ 2                    
Wipro Limited Employee Stock Options, Performance Stock Unit and/or Restricted Stock Unit Scheme 2024 (Wipro 2024 Scheme) (1) (2) (4)                                   400,000,000   U.S.$ 0.03/₹ 2         

(1)The maximum contractual term of these RSUs option plans is perpetual until the options are available for grant under the plan.
(2)The number of options reserved under the plan are adjusted to reflect the bonus issue in the proportion of 1:1, which was approved by the shareholders on November 21, 2024.
(3)The number of options reserved under the plan are adjusted to reflect migration of 23,000,000 shares from WSRUP 2005 plan and 32,000,000 shares from WSRUP 2007 plan to WARSUP 2004 plan. This was approved by the shareholders on March 30, 2025.
(4)The Company adopted the Wipro 2024 Scheme pursuant to approval of shareholders vide special resolution at the Annual General Meeting held on July 18, 2024.

Employees covered under restricted stock unit (the “RSUs”) options plans are granted an option to purchase shares of the Company at the respective exercise prices, subject to requirements of vesting conditions. These options generally vest in tranches over a period of one to three years from the date of grant. Upon vesting, the employees can acquire one equity share for every option and can exercise within a period of twelve months from the vesting date of last tranche under the grant.

The activity in equity-settled restricted stock unit option plans is summarized below:

                                                                                                                                  Year ended March 31,                                             
                                                                                                                              2023                  2024                   2025                    
                                                              Range of exercise price and weighted average exercise price         Numbers of options                                               
Outstanding at the beginning of the year                      ₹                               2                                        12,242,672              8,452,491              7,735,669    
                                                              U.S.$ 0.03                                                               17,511,902             16,457,558             18,851,226    
Bonus on outstanding (Refer to Note 22)                       ₹                               2                                                 -                      -             10,749,111    
                                                              U.S