{"url_path":"/sec/wit/10-k/2026/item-7","section_key":"item-7","section_title":"Item 7 Major Shareholders and Related Party Transactions","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-06-02","source_url":"https://www.sec.gov/Archives/edgar/data/1123799/0001193125-26-253514-index.html","accession_number":"0001193125-26-253514","cik":"0001123799","ticker":"WIT","issuer_name":"WIPRO LTD","edgar_url":"https://www.sec.gov/Archives/edgar/data/1123799/0001193125-26-253514-index.html","primary_entity_key":"0001123799","primary_entity_name":"WIPRO LTD"},"word_count":658,"has_tables":true,"body_markdown":"Item 7. Major Shareholders and Related Party Transactions\n\nMajor Shareholders\n\nThe following table sets forth certain information regarding the beneficial ownership of our equity shares as of March 31, 2026, of each person or group known by us to own beneficially 5% or more of our outstanding equity shares.\n\nBeneficial ownership is determined in accordance with the rules of the SEC and includes voting and investment power with respect to such shares. Shares subject to vested options that are currently exercisable or exercisable within 60 days of March 31, 2026, are deemed to be outstanding or to be beneficially owned by the person holding such options for the purpose of computing the percentage ownership of such person, but are not deemed to be outstanding or to be beneficially owned for the purpose of computing the percentage ownership of any other person. All information with respect to the beneficial ownership of any principal shareholder has been furnished by such shareholder and, unless otherwise indicated below, we believe that persons named in the table have sole voting and sole investment power with respect to all the shares shown as beneficially owned, subject to community property laws, where applicable. The number of shares and percentage ownership are based on 10,488,412,458 equity shares outstanding as of March 31, 2026.\n\n \n\nName of Beneficial Owner\n\n \n\nClass of\n\nSecurity\n\n \n\nNumber of\n\nShares\n\nBeneficially\n\nHeld as of\n\nMarch 31, 2026\n\n \n\n% of\n\nClass of\n\nTotal\n\nShares\n\nOutstanding\n\nAzim H. Premji (1)\n\n \n\nEquity\n\n \n\n7,616,840,898\n\n \n\n \n\n72.62\n\nHasham Traders\n\n \n\nEquity\n\n \n\n1,886,826,730\n\n \n\n \n\n17.99\n\nPrazim Traders\n\n \n\nEquity\n\n \n\n2,160,297,946\n\n \n\n \n\n20.60\n\nZash Traders\n\n \n\nEquity\n\n \n\n2,202,133,582\n\n \n\n \n\n21.00\n\nAzim Premji Trust\n\n \n\nEquity\n\n \n\n680,385,966\n\n \n\n \n\n6.49\n\n \n\n(1)\nIncludes shares held by Hasham Traders, Prazim Traders, Zash Traders and Azim Premji Trust as detailed above. Additionally, it also includes 2,711,906 shares held by Hasham Investment and Trading Company Private Limited, 193,708,256 shares held by Prazim Trading And Investment Company Pvt. Ltd., 463,051,682 shares held by Mr. Azim H. Premji and members of his immediate family and 27,724,830 shares held by Azim Premji Philanthropic Initiatives Private Limited. Mr. Azim H. Premji disclaims beneficial ownership of shares held by Azim Premji Philanthropic Initiatives Private Limited and Azim Premji Trust.\n\nOur ADSs are listed on the NYSE. Each ADS represents one equity share of par value ₹ 2 per share. Our ADSs are registered pursuant to Section 12(b) of the Exchange Act and, as of March 31, 2026, 2.48% of the Company’s equity shares are held through ADSs by approximately 100,199 holders of record. As of March 31, 2026, approximately 97.52% of the Company’s equity shares are held by 2,603,139 holders.\n\nOur equity shares can be held by Foreign Institutional Investors (“FIIs”) and Non-Resident Indians (“NRIs”) who are registered with SEBI, and the RBI. As of March 31, 2026, about 8.41% of the Company’s equity shares were held by these FIIs, NRIs, foreign nationals and FPIs, some of which may be residents or corporate entities registered in the United States and elsewhere. We are unaware of whether FIIs and/or NRIs hold our equity shares as residents or as corporate entities registered in the United States.\n\nOur major shareholders do not have differential voting rights with respect to their equity shares. To the best of our knowledge, we are not owned or controlled directly or indirectly by any government or by any other corporation. We are not aware of any arrangement, the operation of which may at a subsequent date result in a change in control, of our Company.\n\nRelated Party Transactions\n\nTerms of Employment Arrangements and Indemnification Agreements: We are a party to various employment and indemnification agreements with our directors and executive officers. See “Terms of Employment Arrangements” under Item 6 of this Annual Report on Form 20-F for a description of the agreements that we have entered into with our directors and executive officers.\n\nRelated parties: For details and summary of transactions with related parties, please refer to Note 31 to the Consolidated Financial Statements.\n\n-78-\n\n[Table of Contents](#toc_page)"}