Wipro to consider bonus issue of shares; meeting to be conducted on October 17, details here

Wipro Ltd’s board of directors is to consider a bonus issue of shares in the upcoming board meeting, which is expected to be conducted on October 17, according to the company’s BSE filing on Sunday, October 13. 

“The Board of Directors of the Company will be considering a proposal for issue of bonus shares, in accordance with the applicable provisions of the Companies Act, 2013 (including the rules and regulations framed thereunder), the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, at its meeting scheduled to be held over October 16-17, 2024,” said the company in the exchange filing on Sunday. 

Wipro Ltd’s shares closed 0.77 per cent higher at ₹528.95 after Friday’s trading session, compared to ₹524.90 at the previous market close. 

Wipro Q2 results: 

The IT firm is also poised to announce its July to September quarter results and consider an issue of bonus shares in its board meeting scheduled on Thursday, October 17. 

The company will release its second quarter financial year 2024-25 results after the market operating hours on Thursday, according to the official website of the IT firm. 

“Results for the Second Quarter ending September 30, 2024, will be announced on October 17, 2024, Thursday after stock market trading hours in India,” according to the company website. 

Wipro also said in the exchange filing that, “the outcome of the Board meeting will be communicated to the stock exchanges soon after conclusion of the Board meeting on October 17, 2024.”