Wipro to dissolve Philippine subsidiary for group consolidation

Wipro Limited reported the voluntary dissolution of its stepdown subsidiary, Aasonn Philippines Inc., with effect from October 1, 2025. This action, disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, aims to rationalize and consolidate the overall group structure.

According to the filing, Aasonn Philippines Inc. did not contribute to Wipro's revenue, net worth, or income from operations as of March 31, 2025, with all figures reported as NIL. The transaction is not categorized as a related party transaction and did not involve any consideration from sale or disposal. There are no identifiable buyers, and the disposal is not part of any external scheme of arrangement.