Wipro seeks shareholder nod for director reappointment, stock unit migration

Wipro [BSE: WIPRO] is seeking shareholder approval for several key resolutions via a postal ballot, including the re-appointment of Mr. Deepak M. Satwalekar as an Independent Director for a five-year term starting July 1, 2025. The company is also proposing to migrate 55 million shares from its 2005 and 2007 Employee Restricted Stock Unit Plans to the 2004 ADS Restricted Stock Unit Plan to better align with its global operational needs. Additionally, Wipro seeks to extend benefits under the 2004 plan to employees of its group companies, including subsidiaries and associates. The e-voting period begins March 1, 2025, and ends March 30, 2025, with results to be declared by April 1, 2025.