Annual Report 2005-2006 of Wipro Limited

It is a broadly described annual report of Wipro Limited in the year of 2005-2006. During the financial year, Sales of the Company for the year ended 31^st March 2006 were Rs. 102,641 million, up by 41% and Profit after Tax before extraordinary items was Rs. 20,205 million an increase of 35% over the previous year. The Company’s earnings in Foreign Exchange stood at Rs. 70,833 million and have registered a growth of 32% compared to the previous year. During the year, the company issued 16,290,171 equity shares pursuant to exercise of stock options by eligible employees under Employee Stock Option Plans and 705,893,574 equity shares as Bonus shares, aggregating to 722,183,745 equity shares.

The Board of Directors has recommended a Final Dividend of Rs. 5/- per equity share to be appropriated from the profits of the year 2005-06 subject to the approval by the shareholders at the ensuing Annual General Meeting.

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