Company: WIT
Filing Date: 2025-05-22
Form Type: 20-F
Source: 0000950170-25-076303
Chunk: 105

Company: WIPRO LTD
Filing Date: 2025-05-22
Form: 20-F
Item: Item 6
Chunk 105
---
 of final compensation, but on the accumulated pension fund to the credit of the employee as at the date of separation, death, disability or retirement. 

 --

(4)The remuneration of executive officer is computed on an accrual basis. It includes the amortization of RSUs, which vest over a period of time, and PSUs that will vest based on performance parameters of the Company. 
(5)The remuneration disclosed is for the period from April 7, 2024 to March 31, 2025.
Mr. Thierry Delaporte resigned as Chief Executive Officer and Managing Director of the Company with effect from close of business hours on April 6, 2024 and was relieved from the services of the Company with effect from May 31, 2024. Details relating to the remuneration paid on resignation were provided under the section titled “Terms of Employment Arrangements” in the Annual Report on Form 20-F for the fiscal year 2024.
We operate in numerous countries and compensation for our officers and employees may vary significantly from country to country. As a general matter, we seek to pay competitive salaries in all the countries in which we operate.
There were no stock options granted to Mr. Rishad A. Premji in fiscal year 2025. Details of stock options granted to executive director as of March 31, 2025 and stock options held and exercised by executive officers through March 31, 2025 are reported elsewhere in this Item 6 under the section titled “Share Ownership.”
Board Composition
Our Articles of Association provide that the minimum number of directors on our Board of Directors shall be four and the maximum number of directors shall be fifteen which may be increased by passing a special resolution of the shareholders. As of March 31, 2025, we had nine directors on our Board. Our Articles of Association provide that at least two-thirds of our directors shall be subject to retirement by rotation. One third of these directors must retire from office at each Annual General Meeting of the shareholders, but each retiring director is eligible for re-election at such meeting. Independent directors are not subject to retirement by rotation and the Chairman of our Board is not subject to retirement by rotation. Accordingly, our Chief Executive Officer and Managing Director, and non-executive non-independent director, are currently subject to retirement by rotation. The positions of the terms of all directors are as given below.

Name                      Expiration of current term of office   Term of office
Rishad A