Company: WIT
Filing Date: 2025-05-22
Form Type: 20-F
Source: 0000950170-25-076303
Chunk: 236

Company: WIPRO LTD
Filing Date: 2025-05-22
Form: 20-F
Item: Item 18
Chunk 236
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,982,350                  10,611,424,628                  10,488,939,392
Diluted earnings per equity share                                             ₹             10.34             ₹             10.41             ₹             12.52

For the years ended March 31, 2024 and 2025, 128,916 and 1,294,623 options respectively, were excluded from the diluted weighted-average number of equity shares calculation because their effect would have been anti-dilutive.
Earnings per share and number of shares outstanding for the years ended March 31, 2023 and 2024, have been proportionately adjusted for the bonus issue in the ratio of 1:1 i.e.  (one) bonus equity share of ₹  each for every 1 (one) fully paid-up equity shares held (including ADS holders). Refer to Note 22.

29. Employee stock incentive plans
The stock compensation expense recognized for employee services received during the years ended March 31, 2023, 2024 and 2025, were ₹ 3,958, ₹ 5,590, and ₹ 5,542, respectively.
Wipro Equity Reward Trust (“WERT”)
In 1984, the Company established a controlled trust called WERT. In the earlier years, WERT purchased shares of the Company out of funds borrowed from the Company. The Company’s Nomination and Remuneration Committee recommends to WERT certain officers and key employees, to whom WERT issues shares from its holdings at nominal price subject to vesting conditions. WERT held 9,895,836, 5,952,740 and 11,905,480 treasury shares as at March 31, 2023, 2024 and 2025, respectively.

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Wipro Employee Restricted Stock Unit Option Plans
A summary of the general terms of grants under restricted stock unit option plans are as follows:

Name of Plan                                                                                                                            Number of options reserved under the plan     Range of exercise price
Wipro ADS Restricted Stock Unit Plan (WARSUP 2004 plan) (1) (2) (3)                                                                                                     174,595,958   U.S.$ 0.03             
Wipro Employee Restricted Stock Unit Plan 2005 (WSRUP 2005 plan) (1) (2) (3)                                                                                             96,595,958   ₹ 2                    
Wipro Employee Restricted Stock Unit Plan 200