Business Context and Reporting Period
This Form 6-K filing by Wipro Limited, a foreign private issuer incorporated in Karnataka, India, covers the month of October 2018. The report was filed on October 26, 2018, to disclose a material change in the company's Board of Directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a disclosure of corporate governance changes and does not contain financial performance data.
Material Changes
- Board Appointment: On October 24, 2018, the company announced the appointment of Ms. Arundhati Bhattacharya as an Additional Director in the capacity of Independent Director.
- Term and Effective Date: The appointment is for a term of 5 years, effective January 1, 2019, subject to shareholder approval.
- Committee Assignment: Ms. Bhattacharya will serve as a member of the Audit Committee.
- Independence: The Board determined that Ms. Bhattacharya is independent under the Companies Act, 2013, SEBI Regulations, and NYSE listing standards.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to the announcement of the director appointment.
Key Facts for Investor Verification
- Verify the shareholder approval status for Ms. Bhattacharya's appointment as of the next annual general meeting.
- Confirm Ms. Bhattacharya's official start date on the Board and Audit Committee (January 1, 2019).
- Review the attached Exhibit 99.1 (Letter to Securities Exchanges) for the full formal announcement details.