Annual Report 2006-2007 of Wipro Limited

It is a broadly described annual report of Wipro Limited in the year of 2006-2007. During the financial year, The Company’s Sales for the current year grew by 41% to Rs. 149,982 million and the company’s Profit for the year was Rs. 29,421 million, an increase of 42% over the previous year. During the year the Company earned foreign exchange of Rs. 109,546 million and the outgoings in foreign exchange were Rs. 43,829 million, including outgoings on materials, imported. The Company has an authorized share capital of Rs. 3,550 million comprising 1,650 million equity shares of Rs. 2/- each and Rs. 25 million 10.25% redeemable cumulative preference shares of Rs. 10/- each as of 31^st March 2007. The Company has a paid-up capital of Rs. 2,918 million, an increase of Rs. 66 million during this year.

The Board of Directors has recommended a final Dividend of Re. 1/- per equity share of Rs. 2/- each to be appropriated from the profits of the year 2006-07 subject to the approval of the shareholders at the ensuing Annual General Meeting.

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