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    507685   INE075A01022

WIPRO LIMITED

(507685)
  Report
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Wipro : Disclosure under SEBI (Share Based Employee Benefits) Regulations, 2014 for the year ended March 31, 2021(PDF)

06/21/2021 | 04:35am EDT

DISCLOSURE UNDER SEBI (SHARE BASED EMPLOYEE BENEFITS) REGULATIONS, 2014 FOR THE YEAR ENDED MARCH 31, 2021

Sl.

Wipro Restricted Stock

ADS Restricted Stock Unit

Wipro Restricted Stock Unit

Wipro Equity Reward Trust

Description

Employee Stock Purchase Plan,

No.

Unit Plan 2005

Plan 2004

Plan 2007

2013

Date

of

1

Shareholder's

July 21, 2005

June 11, 2004

July 18, 2007

May 30, 2013

Approval

Total Number

of

59,797,979 ADS representing

2

Options

Approved

59,797,979

59,797,979 underlying equity

49,831,651

39,546,197

Under the plan*

shares

As determined by Board

As determined by Board

As determined by Board

As determined by Board

3

Vesting

Governance, Nomination

Governance, Nomination and

Governance, Nomination and

Governance, Nomination and

Requirements

and Compensation

Compensation Committee

Compensation Committee

Compensation Committee

Committee

As determined by Board

As determined by Board

As determined by Board

As determined by Board

4

Maximum Term

of

Governance, Nomination

Governance, Nomination and

Governance, Nomination and

Governance, Nomination and

Options Granted

and Compensation

Compensation Committee

Compensation Committee

Compensation Committee

Committee

Source

of

Shares

5

(Primary,

Primary

Primary

Primary

Primary

Secondary

or

Combination)

Number of Options

6

outstanding

at

the

-

7,886,540

15,614,190

-

beginning

of

the

period (2020-21)

Number of Options/

7

RSUs

granted

-

5,047,648

6,320,790

-

during the year *

8

Pricing formula

Face value of the share

Face value of the share

Face value of the share

Face value of the share

9

Number of Options

Vested

during

the

-

2,522,875

4,532,780

-

year

10

Number of Options

exercised

during

-

3,269,832

3,356,199

-

the year

DISCLOSURE UNDER SEBI (SHARE BASED EMPLOYEE BENEFITS) REGULATIONS, 2014 FOR THE YEAR ENDED MARCH 31, 2021

Sl.

Description

Wipro Restricted Stock Unit

ADS Restricted Stock Unit

Wipro Restricted Stock Unit

Wipro Equity Reward Trust

No.

Plan 2005

Plan 2004

Plan 2007

Employee Stock Purchase

Plan, 2013

Number

of

shares

arising

as a result

11

of

exercise

of

-

-

-

-

options

(as

of

March 31, 2021)

a) Through transfer

of

shares

from

Wipro

Equity

-

-

3,344,866

-

Reward

Trust,

ESOP Trust

b)Through

-

3,269,832

11,333

-

allotment of shares

12

Number of Options

Lapsed/Forfeited

-

2,248,895

2,681,333

-

during the year **

13

Variation

in

terms

of

options

up to

-

-

-

-

March 31, 2021

14

Money realized by

exercise of options

during the year(₹) -

-

6,539,664

22,666

-

for

allotment

of

shares

at

11

(b)

above

15

Number of Options

outstanding

at

the

-

7,415,461

15,897,448

-

end

of

the

year

(2020-21)

16

Number of Options

-

465,603

2,679,538

-

Exercisable

at

the

end of the year

Loan Repaid by the

Not applicable

Not applicable

Not applicable

Not applicable

17

Trust

during

the

year from exercise

price received

DISCLOSURE UNDER SEBI (SHARE BASED EMPLOYEE BENEFITS) REGULATIONS, 2014 FOR THE YEAR ENDED MARCH 31, 2021

Sl.

Description

Wipro Restricted Stock Unit

ADS Restricted Stock Unit

Wipro Restricted Stock Unit

Wipro Equity Reward Trust

No.

Plan 2005

Plan 2004

Plan 2007

Employee Stock Purchase

Plan, 2013

Employee Wise details of Options granted during the year:

i. Senior managerial personnel

Thierry

Delaporte,

Chief

Executive

Officer

-

1,500,000***

-

-

and

Managing

Director

Jatin P Dalal, Chief

-

-

200,000

-

Financial Officer

ii.

Any

other

Employee

who

receives a grant in

any

one

year of

-

option

amounting

-

-

-

18

to 5% or more of

option granted

during that year

  1. Identified
    employees who
    were granted options, during any one year, equal to or exceeding 1% of the

issued

capital

-

-

-

-

(excluding

outstanding

warrants

and

conversion)

of

the

company at the time

of grant

Diluted

Earnings

per

share

pursuant

to

Diluted Earnings

per share

issue of shares

on

pursuant to issue of shares on

19

exercise

of

options

₹ 19.07

-

19

exercise of options calculated in

calculated

in

accordance

with

Accounting

accordance

with

Standard

Accounting Standard

(AS) 20

(AS) 20

DISCLOSURE UNDER SEBI (SHARE BASED EMPLOYEE BENEFITS) REGULATIONS, 2014 FOR THE YEAR ENDED MARCH 31, 2021

Sl.

Description

Wipro Restricted Stock

ADS Restricted Stock

Wipro Restricted Stock

Wipro Equity Reward Trust

No.

Unit Plan 2005

Unit Plan 2004

Unit Plan 2007

Employee Stock Purchase

Plan, 2013

20

Method used to account

for ESOS - Intrinsic or fair value

Where

the

company

opts for

expensing of

the

options

using

the

intrinsic

value

of

the

options, the difference

between the employee

compensation

cost so

Since these options were

Since these options were

Since these options were

computed

and

the

granted at a nominal

employee

exercise price, intrinsic

granted at a nominal exercise

granted at a nominal exercise

21

compensation cost that

value on the date of

price, intrinsic value on the

price, intrinsic value on the

-

shall

have

been

grants approximates the

date of grants approximates

date of grants approximates

recognized

if

it

had

fair value of the options

the fair value of the options

the fair value of the options

used the fair value of

the

options

shall

be

disclosed. The impact

of

this

difference

on

profits and on EPS of

the company.

Weighted

average

exercise

prices

and

weighted average

fair

Exercise price ₹ 2/- per option.

Exercise price ₹ 2/- per

values

of

options

Not applicable as there

The weighted average grant-

option. The weighted average

22

separately for

options

date fair value of options

grant-date fair value of

were no grants during the

-

whose exercise price

granted during the year ended

options granted during the

year under this plan

either

equals

or

March 31, 2021 was ₹ 356.28

year ended March 31, 2021

exceeds or is less than

/-.

was ₹ 353.58 /-.

the market prices of the

stock.

DISCLOSURE UNDER SEBI (SHARE BASED EMPLOYEE BENEFITS) REGULATIONS, 2014 FOR THE YEAR ENDED MARCH 31, 2021

Sl.

Wipro Restricted

ADS Restricted Stock Unit

Wipro Restricted Stock Unit

Wipro Equity Reward Trust

Description

Employee Stock Purchase

No.

Stock Unit Plan 2005

Plan 2004

Plan 2007

Plan, 2013

23

A description of method and significant assumptions used during the year to estimate the fair values of options, including the following

information:

(a) the

weighted-

average values of share

price, exercise

price,

expected

volatility,

expected

option

life,

expected dividends, the

risk- free interest rate

and any other inputs to

the model;

  1. the method used and the assumptions made to incorporate the

effects of expected early

Not Applicable

as

Since

these

options were

Since

these

options

were

exercise;

granted at a nominal exercise

granted

at a

nominal exercise

there were no grants

(c) how

expected

price, intrinsic value on the

price, intrinsic value on the date

-

during the year under

volatility

was

date of

grants

approximates

of grants approximates

the fair

this plan

determined,

including

the fair value of the options

value of the options

an explanation of the

extent

to

which

expected

volatility was

based

on

historical

volatility; and

  1. whether and how any other features of the option grant were incorporated into the measurement of fair value, such as a market condition.

Notes:-

  • Includes RSUs that will vest based on performance parameters of the Company.
  • As per the plan Options/RSUs lapse on termination of the Plan. If an Option/RSU expires or becomes un-exercisable without having been exercised in full, such Options shall become available for future grants under the Plan.
  • The details of grants disclosed for Mr. Thierry Delaporte includes annual stock grants which will vest as per the vesting pattern approved by the Board Governance, Nomination and Compensation Committee (1,200,000 ADS restricted stock units, comprising of 300,000 ADS restricted stock units expiring in July 2024 and 900,000 ADS performance stock units expiring in June 2023 and one-time grant of 300,000 ADS restricted stock units expiring in July 2022), as per the terms approved by the Shareholders at the Annual General Meeting held in July 2020.

Disclaimer

Wipro Limited published this content on 19 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 June 2021 08:34:03 UTC.


© Publicnow 2021
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Sales 2022 774 B 10 416 M 10 416 M
Net income 2022 121 B 1 627 M 1 627 M
Net cash 2022 207 B 2 782 M 2 782 M
P/E ratio 2022 26,6x
Yield 2022 1,16%
Capitalization 3 203 B 43 083 M 43 089 M
EV / Sales 2022 3,87x
EV / Sales 2023 3,38x
Nbr of Employees 209 890
Free-Float 26,4%
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Technical analysis trends WIPRO LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 35
Last Close Price 586,60 INR
Average target price 544,86 INR
Spread / Average Target -7,12%
EPS Revisions
Managers and Directors
Thierry Delaporte CEO, Executive Director & Managing Director
Jatin Pravinchandra Dalal President & Chief Financial Officer
Rishad Azim Premji Executive Chairman
Subha Tatavarti Chief Technology Officer
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