Wipro has completed the acquisition of an additional 20% stake in Aggne Global Inc. through its step-down subsidiary, Wipro IT Services, LLC. The transaction, valued at USD 28.

Wipro Limited has completed the acquisition of an additional 20% stake in Aggne Global Inc. through its step-down subsidiary, Wipro IT Services, LLC. The transaction, valued at USD 28.5 Million, was finalised on June 1, 2026, increasing the subsidiary's total shareholding in the target entity to 80%. This strategic consolidation strengthens Wipro's position in the Property & Casualty (P&C) Insurance sector by integrating advanced AI and Intellectual Property-led capabilities. Strategic Rationale The acquisition is designed to bolster Wipro's competitive advantage in the P&C Insurance industry. By integrating Aggne's capabilities, Wipro aims to drive AI and IP-led transformations for its clients. Aggne Group, comprising Aggne Global Inc. and its affiliate Aggne Global IT Services Private Limited, operates as a fast-growing Insurtech company providing IT, consulting, and managed services specifically for the P&C Insurance sector. Financial Performance of Aggne Group The financial performance of Aggne Group highlights a consistent upward trajectory, underpinning the rationale behind the increased investment. The group has demonstrated steady revenue growth over the past three financial years: Financial Year Annual Turnover FY24 USD 18.9 Mn FY25 USD 24.2 Mn FY26 USD 27.5 Mn Transaction Details The key parameters of the completed acquisition are summarised below: Particulars Description Name of the target entity Aggne Global Inc. Industry Information Technology, consulting, and managed services for the Property & Casualty Insurance industry Nature of consideration Cash Cost of acquisition USD 28.5 Million Percentage of shareholding acquired Additional 20% (taking total holding to 80%) Completion date June 1, 2026 The transaction did not qualify as a related party transaction, and no government or regulatory approvals were required for its completion. The purchase consideration of USD 28.5 Million was subject to customary closing adjustments. Wipro stated that a separate disclosure would be made if any further stake acquisition occurs in the future. Wipro Limited has appointed B S R & Co. LLP as its statutory auditor for a term of five years, subject to shareholder approval at the 81st Annual General Meeting (AGM) scheduled for 2027. The decision was made by the Board of Directors on June 2, 2026, in compliance with mandatory rotation requirements under Section 139(2) of the Companies Act, 2013. The current auditor, Deloitte Haskins & Sells LLP, will conclude its term at the 81st AGM for FY 2026–27. The new appointment will be effective from the conclusion of the 81st AGM until the conclusion of the 86th AGM. B S R & Co. LLP, a firm with over 4,000 staff and 170+ partners, is a member entity of B S R & Affiliates and is registered with the Institute of Chartered Accountants of India. The firm's registered office is located in Mumbai, and it audits various listed companies in India, including those in the IT/ITeS sector. Additionally, the board approved the appointment of KPMG Assurance and Consulting Services LLP as the independent registered public accounting firm. This appointment is pursuant to Section 10A of the Securities Exchange Act, 1934, and Section 202 of the Sarbanes-Oxley Act, 2002. KPMG will audit the financial statements to be included in Wipro's Annual Report on Form 20-F to be filed with the US Securities and Exchange Commission for the year ending March 31, 2028. Deloitte Haskins & Sells LLP will continue as the independent registered public accounting firm until the conclusion of the 81st AGM for FY 2026–27 and for the purpose of filing the audited financial statements in Form 20-F for the year ended March 31, 2027. The meeting commenced at 5:35 PM and concluded at 5:45 PM on June 2, 2026. M Sanaula Khan, Company Secretary, signed the regulatory filing. Auditor Details Sr. No. Particulars Description 1. Name of the Auditor B S R & Co. LLP (Firm Registration no. 101248W/W-100022) 2. Reason for change The term of Deloitte Haskins & Sells LLP concludes at the 81st AGM for FY 2026–27. 3. Term of appointment Five years with effect from the conclusion of the 81st AGM till the conclusion of the 86th AGM. 4. Brief Profile B S R & Co. LLP was constituted on March 27, 1990, and converted into an LLP on October 14, 2013. It has offices across 14 locations. 5. Disclosure of relationships Not applicable We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. 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