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The particulars of contracts or arrangements with related parties referred to in Section 1 and applicable rules of the Companies Act, in Form AOC-2 is provided as Annexure I to this Report. Conservation of Energy While the Company has taken several steps to conserve energy through its “Sustainability” initiatives as disclosed separately as part of this Annual Report, the information on Conservation of Energy as required under Section 1 e of the Companies Act, read with Rule dheet Para A of the Companies Disclosure of Particulars in the Report of Board of Directors Rules, on Conservation of Energy is not applicable to the business segments which we operate.
Aipro in view Mr. I am sure you will join our Directors in conveying our sincere appreciation to all employees of the Company and its subsidiaries and Associates for their hard work and commitment.
The proposal for their re-appointment is included in the notice for Annual General Meeting sent herewith. Board of Directors vide resolution of June 21,re- appointed Mr Azim H Premji, as Chairman and Managing Director of the Company designated as “Chairman” for a further period of two years with effect from July 31, Brand Your Company is a trusted name in the marketplace, with an wipor history of business success, built on a strong set of values.
Statutory Auditors Pursuant to the provisions of section of the Companies Act,an audit firm can act as auditors for a maximum tenure of two terms of 5 consecutive years. Values are an intrinsic part of Wipro and are closely aligned with its brand. Corporate Social Responsibility initiatives are provided in the Business Responsibility Report Page no 85 to of this report. The markets that your Company serves are undergoing rapid changes due to the pace of developments in technology, innovation in business models and changes in the sourcing strategies of clients.
T K Kurien ceased to be the Executive Vice Chairman with effect from close of business hours on January 31,consequent to his retirement from the Company.
Directors” Responsibility Statement Your Directors hereby confirm that: June 8, Executive Chairman. Your Company also uses its acquisition program to increase presence in select geographies, increase footprint in certain large customers and pursue select business opportunities.
On April 25,or Board recommended a proposal for issue of Bonus Equity Shares in the proportion of 1: The evaluation of internal controls was carried out Enterprise Risk Management function of your Company. It is expected that inthere will be increased use of Cloud and Mobile Computing.
Wipro Balance Sheets, Financial Statements – The Economic Times
This evaluation is led by the Chairman of the Board Governance, Nomination and Compensation Committee with specific focus on the performance and effective functioning ov the Board. During the yearunclaimed dividend of Rs. Compliance Management Framework Your Company has a robust and effective framework for monitoring compliances with applicable laws. Mar 31, 1. Jagdish N Sheth, Mr.
Governance and Ethics Corporate Governance Your Company believes in adopting best practices of corporate governance. On a consolidated basis, our sales increased to Rs. The Board evaluation is conducted through questionnaire having qualitative parameters and feedback based on ratings. I am sure you will join our Directors in conveying our sincere appreciation to all employees of the Company for their hard work and commitment.
The outcome of the Board evaluation for financial year 18 was discussed by the Board Governance, Nomination and Compensation Committee and the Board at their meeting held in April Explanations capturing areas of differences and reconciliations from Indian GAAP to Ind AS have been provided in the notes to accounts to the standalone and consolidated financial statements.
Wipro Auditors Report – Business Standard News
P he Board of your Company has laid down internal financial controls to be followed by the Company and that such internal financial controls are adequate and operating effectively. The Board has also noted areas requiring more focus in the future. The information on Conservation of Energy as required under Section 1 e ofthe Companies Act, read with Rule 2 of the Companies Disclosure of Particulars in the Report wipri Board of Directors Rules, on Conservation of Energy is not applicable to the business segments which we operate.
Particulars of Loans, Advances, Guarantees and Investments Pursuant to section of Companies Act, and Schedule V of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, “Listing Regulations”disclosure on particulars relating to Loans, advances, guarantees and sehet are provided as part of the financial statements.
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Henning Kagermann resigned as Director of the Company with effect from June 30, Patrick Dupuis were appointed as Independent Directors with effect from April 1, Management Discussion and Analysis Report In terms of regulation 34 of the Listing Regulations, the Management Discussion and Analysis report on your Company”s performance, industry trends and other material changes with respect to your Company and its subsidiaries, wherever applicable, are presented from pages 24 to 64 of this Annual Report.
The aforesaid appointments were approved by the members at the 69th Annual General Meeting held on July 22, These trends on newer business models, emerging technologies and sourcing patterns are expected to provide Your Company with significant growth opportunities.
During the yearunclaimed Dividend for financial year of Rs. Material Changes and Commitments Affecting the Financial Position of the Company There have been no material changes and commitments, affecting the financial position of the Company which occurred between the end of the financial year to which the financial statements relate and the date of this report.
Disclosures on various plans, details of options granted, shares allotted upon exercise, etc. Pursuant to the recommendation of Board Governance, Nomination and Compensation Committee, the Board at its meeting held on January 4, approved, subject to members” approval, re-appointment of Mr.
Together, your Company discovers ideas and connects the dots to build a better and a bold new future. Ireena Vittal as an Independent Director for a further term of 5 years from October 1, to September 30,for approval of the members at the 72 nd AGM.
Your Company also uses its acquisition program to increase footprint in certain large customers and pursue select business opportunities. These trends on newer business models, emerging technologies and sourcing patterns provides your Company with significant growth opportunities. As a part of its philosophy of adhering to highest ethical standards, transparency and accountability, your Company has historically adopted the practice of undertaking related party transactions only in the ordinary and normal course of business and at arm”s length.
Financial Performance Key aspects of consolidated fnancial performance for Wipro bzlance its group companies and standalone fnancial results for Wipro Limited for the fnancial year are tabulated below: The scheme of amalgamation will, dheet alia, enable optimization of legal entity structure through rationalization of number of subsidiaries, integration of business operations leading to operational synergies, provide your Company seamless access to the assets of the subsidiaries and also result in reduction of the multiplicity of legal and regulatory compliances.
A statement containing, inter alia, names of employees employed throughout the financial year and in receipt of remuneration of Rs.
Directors Report of Wipro Ltd.
This evaluation was led by the Chairman of the Board Governance, Nomination and Compensation Committee with specific focus on the performance and effective functioning of the Board. We are accordingly arranging to send the soft copies of these documents to the e-mail IDs of shareholders available with us or our depositories.
William Arthur Owens g Mr. T he Board places on record immense contributions made by Mr. Your Directors place on record their sincere appreciation of the valuable contribution made by the aforesaid Directors and Company Secretary to the Company.