Company: WIT
Filing Date: 2025-05-22
Form Type: 20-F
Source: 0000950170-25-076303
Chunk: 145

Company: WIPRO LTD
Filing Date: 2025-05-22
Form: 20-F
Item: Item 10
Chunk 145
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 ensure that there is no violation of applicable securities laws by the company and its employees.
Any scheme offered to employees or any variation in the terms of the existing scheme under SBEB Regulations shall be approved by the shareholders through special resolution at the general meeting.
SEBI (Buy-Back of Securities) Regulations, 2018
In September 2018, the new SEBI (Buy-back of Securities) Regulations, 2018 (“Buy-back Regulations”) were approved and made effective. This was introduced with an aim to simplify the language, remove redundant provisions and inconsistencies, update for references to the Companies Act, 2013 and other new SEBI regulations and incorporate information from relevant circulars, frequently asked questions and previously provided informal guidance.
As per Buy-back Regulations, a company may buy-back its shares in the open market through stock exchange at the volume weighted average price of the shares bought-back, during the calendar week in which such shares were received by the broker. Vide its notification dated May 17, 2024, SEBI has provided an exception that the effect on the price of equity shares due to material price movement and confirmation of reported event or information may be excluded as per the framework specified under Regulation 30(11) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for determination of the volume weighted average market price.
Vide its notification dated November 20, 2024, SEBI has amended the Buy-back regulations, and the following are the key highlights:
1.A company, while calculating the entitlement ratio for the buy-back of equity shares, shall not consider the shares held by a promoter or promoter group in case any member of the promoter or promoter group has declared its intention to not participate in the buy-back. 
2.As per the recent amendments, the buy-back offer shall now open not later than four working days from the date of public announcement. 
3.A company is now required to make public disclosure if it is issuing shares during the buy-back period in order to discharge subsisting obligations through stock option schemes along with the potential impact of these subsisting obligations.
Enabling T+2 trading of Bonus shares where T is the record date

As a part of the continuing endeavor to streamline the process of the bonus issue of equity shares, it has been decided by SEBI to reduce the time taken for credit of bonus shares and trading of such shares, from the record date of the bonus issue. In light of this change, the shares allotted pursuant to the bonus issue will now be