Company: WIT
Filing Date: 2025-05-22
Form Type: 20-F
Source: 0000950170-25-076303
Chunk: 141

Company: WIPRO LTD
Filing Date: 2025-05-22
Form: 20-F
Item: Item 10
Chunk 141
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 and within 60 days from the end of the last quarter and financial year.

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•The listed companies are required to take prior approval from shareholders toward appointment or a re-appointment of a person, including as a managing director or a whole-time director, who was earlier rejected by the shareholders at a general meeting. The notice to shareholders shall be annexed with a detailed explanation and justification by the Nomination and Remuneration Committee and the Board of Directors for recommending such a person for appointment or re-appointment.
•Every listed entity and its material unlisted subsidiaries incorporated in India are now required to undertake Secretarial Audit by a Secretarial Auditor who shall be a Peer Reviewed Company Secretary. Earlier, it was not required to be done by a Peer Reviewed Company Secretary. Furthermore, on the basis of a recommendation of the board, a listed entity shall appoint/re-appoint a Secretarial Audit firm as Secretarial Auditor for not more than two terms of five consecutive years, with the approval of its shareholders in its AGM.
•Every listed company is required to disclose the outcome of meetings of the Board of Directors held to consider dividend, buyback, fund raising, bonus issue or financial results, among others, within three hours from the closure of the board meeting in case the meeting closes after normal trading hours of that day but more than three hours before the beginning of the normal trading hours of the next trading day and within thirty minutes or three hours, as applicable, in case the meeting of the board of directors is being held for more than one day. Earlier it was required to be disclosed within 30 minutes of the closure of the meeting.
•In case of the acquisition of shares or voting rights in an unlisted company, aggregating to 20% or any subsequent change in holding exceeding 5% from the last disclosure, the listed company is required to file a disclosure to the stock exchanges within 12 hours.
•Every listed entity is required to disclose, within 24 hours, an imposition of a fine or penalty levied by any regulatory, statutory, enforcement authority or judicial body against the listed entity or its directors, key managerial personnel, senior management, promoter or subsidiary. Disclosure is required in the following cases:
- fine or penalty of Indian Rupees one lakh or more imposed by sectoral regulator or enforcement agency;
- fine or penalty of Indian Rupees ten lakhs or more imposed by other authority or judicial body.
•SEBI has brought more clarity towards the disclosure of tax litigation or dispute under the Listing Regulations. Any such litigation