v3.26.1
Employee stock incentive plans
 12 Months Ended
Mar. 31, 2026
Text Blocks Abstract  
Employee stock incentive plans

29. Employee stock incentive plans

The stock compensation expense recognized for employee services received during the years ended March 31, 2024, 2025 and 2026, were ₹ 5,590, ₹ 5,542, and ₹ 4,465, respectively.

Wipro Equity Reward Trust (“WERT”)

In 1984, the Company established a controlled trust called WERT. In the previous years, WERT purchased shares of the Company out of funds borrowed from the Company. The Company’s Nomination and Remuneration Committee recommends to WERT certain officers and key employees, to whom WERT issues shares from its holdings at nominal price subject to vesting conditions. WERT held 5,952,740, 11,905,480 and 11,905,480 treasury shares as of March 31, 2024, 2025 and 2026, respectively.

Wipro Employee Restricted Stock Unit Option Plans

A summary of the general terms of grants under restricted stock unit (“RSU”) option plans are as follows:

 

Name of Plan

 

 

Number of options reserved under the plan

 

Range of exercise price

Wipro ADS Restricted Stock Unit Plan (WARSUP 2004 plan) (1)

 

 

 

174,595,958

 

U.S.$ 0.03

Wipro Employee Restricted Stock Unit Plan 2005 (WSRUP 2005 plan) (1)

 

 

 

96,595,958

 

₹ 2

Wipro Employee Restricted Stock Unit Plan 2007 (WSRUP 2007 plan) (1)

 

 

 

67,663,302

 

₹ 2

Wipro Limited Employee Stock Options, Performance Stock Unit and/or Restricted Stock Unit Scheme 2024 (Wipro 2024 Scheme) (1)

 

 

 

400,000,000

 

U.S.$ 0.03/₹ 2

 

(1)
The maximum contractual term of these RSU option plans is perpetual until the options are available for grant under the plan.

 

Employees covered under RSU options plans are granted an option to purchase shares of the Company at the respective exercise prices, subject to requirements of vesting conditions. These options generally vest in tranches over a period of one to three years from the date of grant. Upon vesting, the employees can acquire one equity share for every option and can exercise within a period of twelve months from the vesting date of last tranche under the grant.

The activity in equity-settled RSU option plans is summarized below:

 

 

 

 

Year ended March 31,

 

 

 

 

2024

 

2025

 

2026

 

 

Range of exercise price and weighted average exercise price

 

Numbers of options

 

Outstanding at the beginning of the year

₹

2

 

 

8,452,491

 

 

7,735,669

 

 

18,634,747

 

 

U.S.$ 0.03

 

 

16,457,558

 

 

18,851,226

 

 

36,956,579

 

Bonus on outstanding (Refer to Note 22)

₹

2

 

 

-

 

 

10,749,111

 

 

-

 

 

U.S.$ 0.03

 

 

-

 

 

22,882,839

 

 

-

 

Granted

₹

2

 

 

5,237,166

 

 

5,513,469

 

 

10,617,130

 

 

U.S.$ 0.03

 

 

14,546,143

 

 

15,030,302

 

 

23,259,750

 

Adjustment of Performance based stock options on completion
of performance measurement period

₹

2

 

 

(655,831

)

 

(331,920

)

 

(1,841,526

)

 

U.S.$ 0.03

 

 

(1,807,750

)

 

(499,875

)

 

(3,986,719

)

Exercised

₹

2

 

 

(4,151,654

)

 

(3,731,212

)

 

(5,293,789

)

 

U.S.$ 0.03

 

 

(6,674,868

)

 

(9,897,384

)

 

(10,982,620

)

Forfeited and expired

₹

2

 

 

(1,146,503

)

 

(1,300,370

)

 

(2,771,279

)

 

U.S.$ 0.03

 

 

(3,669,857

)

 

(9,410,529

)

 

(8,303,933

)

Outstanding at the end of the year

₹

2

 

 

7,735,669

 

 

18,634,747

 

 

19,345,283

 

 

U.S.$ 0.03

 

 

18,851,226

 

 

36,956,579

 

 

36,943,057

 

Exercisable at the end of the year

₹

2

 

 

1,905,001

 

 

1,996,731

 

 

2,010,308

 

 

U.S.$ 0.03

 

 

2,038,346

 

 

1,007,466

 

 

1,283,137

 

 

The Company has granted below options under RSU and ADS option plans(1):

 

 

Year ended March 31,

 

 

2024

 

2025

 

2026

 

Restricted Stock Units (RSU)

 

3,344,668

 

 

3,498,476

 

 

6,743,031

 

Performance based stock options (RSUs)

 

1,892,498

 

 

2,014,993

 

 

3,874,099

 

Total

 

5,237,166

 

 

5,513,469

 

 

10,617,130

 

ADS RSU

 

8,886,979

 

 

9,707,235

 

 

14,834,924

 

Performance based stock options (ADS)

 

5,659,164

 

 

5,323,067

 

 

8,424,826

 

Total

 

14,546,143

 

 

15,030,302

 

 

23,259,750

 

 

(1)
Numbers in above table for years ended March 31, 2024 and 2025 are not given effect of bonus shares issued during the year ended March 31, 2025.

During the year ended March 31, 2026, RSU and ADS grants were issued under Wipro 2024 Scheme. Performance-based stock options will vest based on the performance parameters of the Company.

 

The activity in cash-settled RSU option plans is summarized below:

 

 

Year ended March 31,

 

 

2024

 

2025

 

2026

 

 

Number of options

 

Outstanding at the beginning of the year

 

11,800

 

 

7,000

 

 

-

 

Exercised

 

(4,800

)

 

-

 

 

-

 

Forfeited and expired

 

-

 

 

(7,000

)

 

-

 

Outstanding at the end of the year

 

7,000

 

 

-

 

 

-

 

Exercisable at the end of the year

 

7,000

 

 

-

 

 

-

 

 

The following table summarizes information about outstanding RSU option plans:

 

 

 

Year ended March 31,

 

 

 

2024

 

2025

 

2026

 

Range of exercise price and weighted average exercise price

 

Number of options

 

Weighted average remaining life (months)

 

Number of options

 

Weighted average remaining life (months)

 

Number of options

 

Weighted average remaining life (months)

 

₹

2

 

 

7,735,669

 

 

18

 

 

18,634,747

 

 

18

 

 

19,345,283

 

 

16

 

U.S.$ 0.03

 

 

18,851,226

 

 

20

 

 

36,956,579

 

 

19

 

 

36,943,057

 

 

18

 

 

The weighted average grant date fair value of options granted during the years ended March 31, 2024, 2025 and 2026 was ₹ 387.67, ₹ 454.58 and ₹ 249.40 for each option, respectively. The weighted average share price of options exercised during the years ended March 31, 2024, 2025 and 2026 was ₹ 422.87, ₹ 389.52 and ₹ 246.01 for each option, respectively.