Wipro Declares Interim Dividend of ₹2 Per Equity Share
Wipro Limited announced an interim dividend of ₹2 per equity share for the tax year ending March 31, 2027. The record date is July 27, 2026. TDS will be applicable on dividends exceeding ₹10,000 annually for resident individuals.
The dividend announcement directly affects shareholders through income distribution. While positive, the amount is an interim dividend and not a significant corporate action like a merger or acquisition.
The company has announced a dividend payout, which is generally viewed positively by shareholders.
Wipro Limited announced that its Board of Directors, in a meeting held on July 16, 2026, declared an interim dividend of ₹2 per equity share. The nominal value of each share is ₹2. This dividend is for the tax year ending March 31, 2027.
The record date for determining the eligible shareholders for this interim dividend has been fixed as July 27, 2026.
As per the provisions of the Income-tax Act, 2025, dividends paid on or after April 01, 2026, are taxable in the hands of shareholders. Wipro will deduct tax at source (TDS) at the time of dividend payment. For resident shareholders with a valid PAN, the TDS rate is 10%, and for those without a valid PAN, it is 20%. For non-resident shareholders, the rates will be as prescribed under the Act or Tax Treaty.
An exemption applies for resident individual shareholders where the dividend payable is up to ₹10,000 per annum within a tax year. If the aggregate dividend paid during the tax year 2026-27 exceeds ₹10,000 for a resident individual shareholder, TDS will be calculated on the aggregate amount and deducted from the next sequential dividend payment up to March 31, 2027.
Shareholders are reminded that PAN must be linked with Aadhaar as per Section 262 of the Act; failure to do so will render the PAN inoperative, leading to higher TDS rates.
The TDS rates may vary based on the shareholder's residential status and submitted documentation. Detailed information on TDS rates and required documentation is available on Wipro's website at https://www.wipro.com/investors/. Shareholders are requested to submit necessary information/documents to KFin Technologies Limited via email at einward.ris@kfintech.com by 9 PM on July 27, 2026. For claiming exemptions, shareholders can visit https://ris.kfintech.com/forms15 or email einward.ris@kfintech.com.
For any queries, shareholders can contact Wipro Limited or its Registrar and Share Transfer Agent, KFin Technologies Limited.
What to do with a filing like this
Wipro Limited filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Wipro Limited. Read the original for the full detail.