Company: WIT
Filing Date: 2025-05-22
Form Type: 20-F
Source: 0000950170-25-076303
Chunk: 202

Company: WIPRO LTD
Filing Date: 2025-05-22
Form: 20-F
Item: Item 18
Chunk 202
---
 preference shares of ₹ 10 each and 150,000 10% optionally convertible cumulative preference shares of ₹ 100 each. Par value of the equity shares is recorded as share capital and the amount received in excess of par value is classified as share premium.
Every holder of the equity shares, as reflected in the records of the Company, as at the date of the shareholder meeting shall have one vote in respect of each share held for all matters submitted to vote in the shareholder meeting.
b) Shares held by controlled trust (Treasury shares)
The Company’s equity shares held by the controlled trust, which is consolidated as part of the Group are classified as Treasury shares. Treasury shares are recorded at acquisition cost. Reconciliation of the number of treasury shares held by controlled trust is as follows:

                                                                     As at March 31,                                                                
                                                                 2023                          2024                          2025                   
                                                                     No. of shares                 No. of shares                 No. of shares      
Opening number of equity shares                                               14,689,729                     9,895,836                     5,952,740
Less: Transferred to eligible employees on exercise of options                (4,793,893   )                (3,943,096   )                         -
Add: Bonus issue of equity shares (Refer to Note 22)                                   -                             -                     5,952,740
Closing number of equity shares                                                9,895,836                     5,952,740                    11,905,480
c) Retained earnings
Retained earnings comprises of the Company’s undistributed earnings after taxes and is freely available for distribution. This includes Capital reserve as at March 31, 2023, 2024 and 2025 amounting to ₹ 1,139, ₹ 1,139 and ₹ 1,139 respectively, which is not freely available for distribution.
d) Special Economic Zone re-investment reserve
The Special Economic Zone re-investment reserve has been created out of profit of eligible SEZ units as per provisions of section 10AA(1)(ii) of the Income–tax Act, 1961 for acquiring new plant and machinery. The said reserve should be utilized by the Company for acquiring plant and machinery as per the terms of Section 10AA(2) of the Income-tax Act, 1961. This reserve is not freely available for distribution.
e) Share-based payment reserve
The share-based payment reserve is used to record the value of equity-settled share