INSIDE 2 4 8 10 12 14 16 22 24 41 55 85 Certain statements in this annual report concerning our future growth prospects are. forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports. Wipro Annual Report 13 – Ebook download as PDF File .pdf), Text File .txt) or read book online. Annual report wipro.
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Number of Meetings of the Board The Board met six times during the financial year on April 20,June 3,July, October, January 4,and January During the fiscal year ended March 31,Wipro Ventures repprt seen strong traction and scale. Pursuant to the provisions of section of the Companies Act,an audit firm can act as auditors for a 201-13 tenure of two terms of 5 consecutive years.
As a result, spending in several IT categories is expected to expand.
During the year, your Company won several awards annuxl accolades, out of which key recognitions are given below: Particulars regarding Conservation of Energy Your Company has taken several steps to conserve energy through its”Sustainability”initiatives as disclosed separately as part of this Annual Report. The total dividend for the year ended March 31, would accordingly beRs. The stock option plans are in compliance with Securities and Exchange Board of India Share Based Repogt Benefits Regulations, “Employee Benefits Regulations” and there have been no material changes to these plans during the financial year.
During the yearunclaimed dividend pertaining to interim dividend of of?
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 2 Para A of the Companies Disclosure of Particulars in the Report of Board of Iwpro Rules, on Conservation of Energy is not applicable to the business segments which we operate. One third of these retiring Directors must retire from office at each Annual General Meeting of the shareholders.
Consequent to the demerger of the Diversified Business of the Company in terms of the Scheme, the financial statements of the Company for the year ended March 31,do not include the operations of the Diversified Business, and are therefore strictly not comparable with the figures of the previous year ended March 31, The information of Conservation of Energy as required under Section 3 m of the Companies Act, read with Companies Accounts Rules, is not applicable to the rpeort segments which your Company operates.
In the consolidated Accounts, these are considered as hedges of net investment in non-integral foreign operations and are recognized directly in shareholders funds. This re-appointment is subject to the approval of the shareholders of the Company at the ensuing Annual General Meeting.
Directors Report of Wipro Ltd.
Adequate workshops and awareness programmes against sexual harassment are conducted across the organization. Ashok S Ganguly is the Chairman of the Committee. The acquisition is subject to customary closing conditions and regulatory approvals.
Dividend Your Directors recommend a final Dividend of Rs. Your Company”s academic and research partnerships exist across geographies. Apart from this, your Company funded its subsidiaries, from time to time, as per the fund requirements, through loans, guarantees and other means to meet working capital requirements.
Investments in direct subsidiaries During the year under review, your Company had invested an aggregate of USD Mn as equity in its direct subsidiaries. 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.
Your Company has adopted policies and procedures for ensuring the orderly and efficient conduct of its business, including adherence to the Company”s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial disclosures.
T K Kurien, Mr. The Dividend will be paid in compliance with applicable regulations. William Arthur Owens g Mr. On a consolidated basis, our sales increased to Rs. Your Company has by and large complied with various requirements and is in the process of initiating appropriate action for other applicable requirements. Pursuant to provisions of section and Articles of Association of the Company, Mr. Key highlights of financial performance of your Company for the financial year are provided below:.
Your Company”s governance practices are described separately in Pages 54 to 83 of this annual report.
Wipro Balance Sheet, Wipro Financial Statement & Accounts
Pressures on cost-competitiveness, an uncertain economic environment and immigration restrictions are causing clients to develop newer business models.
In Augustpf Company had entered into partnership with Lavasa Corporation Limited for planning, implementing and managing Information and Communication Technology services across Lavasa City. Hence, there is no outstanding oc as on the Balance Sheet date. Dividend Your Directors recommend a final dividend of Rs. The sale is expected to close during the quarter ending June 30, Also, the Company extinguished 4.
The Board has approved a Global Statutory Compliance Policy providing guidance on broad categories of applicable laws and process for monitoring compliance. Appropriations to general reserve for the financial year ended March 31, as per standalone and consolidated financial statements are as under: Also, during the year ended March 31,your 2012-3 has increased its ownership in Drive stream Inc.
Investments in direct subsidiaries and minority stake During the year under review, your Company had invested an aggregate of Rs. There are no qualifications, reservations or adverse remarks made by the Secretarial Auditor in his report.
Buyback of Equity Shares. Accordingly, no such item has been considered in notice of the 72 nd AGM. B C Prabhakar and Mr.
The outcome of the Board evaluation for financial year was discussed by the Board Governance, Nomination and Compensation Committee and the Board at their meeting held in April Such third party cookies may track your use on Goodreturns sites for better rendering.
Azim H Premji was reappointed by the Board of Directors, subject to the approval of the shareholders, as the Executive Chairman and Managing Director of the Company designated as”Executive Chairman” on April 21, for a further period of two years with effect from July 31, to July 30,