Annual (Director’s) Report 2008-2009 of Wipro Limited

It is a broadly described annual (director’s) report of Wipro Limited in the year of 2008-2009. During the financial year, The Company’s Sales and Other Income for the current year grew by 27% to Rs. 259,616 million and our Profit for the year was Rs. 38,999 million, an increase of 19% over the previous year. During the year the company earned foreign exchange of Rs. 166,229 million and the outgoings in foreign exchange were Rs. 70,256 million, including outgoings on materials imported and dividend. The Company has an authorized share capital of Rs. 3,550 million comprising 1,650 million equity shares of Rs. 2/- each and 25 million 10.25% redeemable cumulative preference shares of Rs. 10/- each as of 31^st March 2009. The Company has a paid-up capital of Rs. 2,928 million, an increase of Rs. 5 million during this year.

The Board of Directors has recommended a final Dividend of @200% (Rs. 4 per equity share of Rs. 2/- each) to be appropriated from the profits of the year 2008-09 subject to the approval of the shareholders at the ensuing Annual General Meeting.

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