Wipro Limited Holds 80th AGM on July 15, 2026, Discusses FY26 Performance and AI Strategy
Wipro Limited held its 80th AGM on July 15, 2026. For FY26, revenue was $10.5 billion (down 1.6% CC), operating margin was 17.2%. Bookings grew 14% to $16.4 billion. The company declared ₹11/share dividend and a ₹150 billion buyback. Wipro is investing $500 million in AI startups via Wipro Ventures.
The AGM is a routine corporate event. While discussions on financial performance and AI strategy are important for stakeholders, they do not represent a significant immediate change in business operations or market position.
The announcement reports on the AGM proceedings, financial performance for FY26, and strategic initiatives, including AI investments. While it details financial figures and future plans, there are no explicitly positive or negative outcomes announced that would sway the sentiment significantly.
Wipro Limited held its 80th Annual General Meeting (AGM) on Wednesday, July 15, 2026, through video conferencing. The meeting, which commenced at 9:00 AM IST and concluded at 11:35 AM IST, was conducted in compliance with circulars issued by the Ministry of Corporate Affairs and SEBI.
Key directors including Mr. Rishad A. Premji (Chairman), Mr. Srinivas Pallia (CEO and Managing Director), and Mr. Azim H. Premji were present, along with other board members and officials. The meeting was attended by 168 members via video conferencing.
During the AGM, the Chairman, Mr. Rishad A. Premji, addressed the financial highlights for FY26, noting a revenue decline of 1.6% in constant currency to $10.5 billion, while IT Services operating margin improved to 17.2%. He also highlighted the declaration of a dividend of ₹11 per share for FY26 and a ₹150 billion share buyback. Mr. Premji emphasized Wipro's strategic focus on Artificial Intelligence (AI), detailing investments in AI capabilities, platforms, and talent through initiatives like Wipro Intelligence, WINGS, and WEGA. He also mentioned the establishment of a dedicated AI Native Business and Platforms unit.
Mr. Srinivas Pallia, CEO and Managing Director, provided further details on the company's financial performance, reporting IT services revenue of $10.5 billion and bookings of $16.4 billion for FY26. He highlighted the growth in large-deal bookings to $7.8 billion and the expansion of operating margin to 17.2%. Mr. Pallia also elaborated on strategic investments, including a $500 million commitment to Wipro Ventures for startups in AI, Data, and Security, and the acquisition of HARMAN's Digital Transformation Solutions. He reiterated the company's consulting-led, AI-powered strategy and the focus on building capabilities aligned with enterprise demand.
The agenda items transacted included the adoption of the Audited Financial Statements for the financial year ended March 31, 2026, confirmation of interim dividends declared as final dividend, and the re-appointment of Mr. Azim H. Premji as a director. The voting results on all resolutions are expected to be filed with the exchanges by July 17, 2026.
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