Wipro Limited — Important, 23-01-2025: General Updates

Designit Sweden AB, a stepdown subsidiary of Wipro Limited, has been voluntarily liquidated as of November 28, 2024, confirmed by the Swedish Companies Registration Office. For the last financial year ended March 31, 2024, the subsidiary contributed Rs. 1410.44 crores in revenue from operations, accounting for approximately 0.0157% of Wipro's total turnover, while its net worth was Rs. 15.89 crores, representing 0.0002%. All revenue figures pertained to inter-company related party transactions, meaning there will be no impact on Wipro's consolidated financials. This strategic move aims to rationalize and consolidate the overall group structure, aligning with the company’s long-term efficiency goals. Investors should monitor for any further developments related to this restructuring.