6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

For the month of June 2018

Commission File Number 001-16139

Wipro Limited

(Exact name of Registrant as specified in its charter)

Not Applicable

(Translation of Registrant’s name into English)

Karnataka, India

(Jurisdiction of incorporation or organization)

Doddakannelli

Sarjapur Road

Bangalore, Karnataka 560035, India +91-80-2844-0011

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F:

Form 20-F  ☒             Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes  ☐            No  ☒

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes  ☐    No  ☒

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

DOCUMENTS RELATING TO ANNUAL GENERAL MEETING OF SHAREHOLDERS

Wipro Limited, a company organized under the laws of the Republic of India (the “Company”) hereby furnishes the Commission with copies of the following information related to the Annual General Meeting of the Shareholders (the “AGM”) that will take place on July 19, 2018. The following information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

This Form 6-K contains the Notice of the AGM (the “Notice of the AGM”), which includes the proxy form and attendance slip, a copy of which is attached hereto as Item 99.1, the e-voting instruction slip, a copy of which is attached hereto as Item 99.2, and the form of proxy card for American Depositary Receipt (“ADR”) holders (the “Form of Proxy Card”), a copy of which is attached hereto as Item 99.3. The annual report is available on the Company’s website at https://www.wipro.com/investors/financial-information/annual-reports/.

The mailing of the Notice of the AGM together with the procedure and instructions for e-voting, the Form of Proxy Card, and the annual report to holders of our equity shares was completed on June 25, 2018 and the ADR voting card to the holders of our ADRs was completed on July 2, 2018. We provide a website link in this ADR voting card to our Notice of the AGM and annual report.

We placed advertisements in certain Indian newspapers concerning the Notice of the AGM on June 26, 2018. A copy of the form of this advertisement is attached to this Form 6-K as Item 99.4.

INDEX TO EXHIBITS

Item
99.1	Notice of the Annual General Meeting together with the Proxy Form and Attendance Slip
99.2	E-voting Instruction Slip
99.3	Form of Proxy Card to ADR Holders
99.4	Newspaper Advertisements

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly organized.

WIPRO LIMITED

/s/ Jatin Pravinchandra Dalal

Jatin Pravinchandra Dalal

Chief Financial Officer

Dated: July 3, 2018

EX-99.1

Exhibit 99.1

Dear Members,

Invitation to attend the Annual General Meeting on July 19, 2018

You are cordially invited to attend the Seventy Second Annual General Meeting of the Company to be held on Thursday, July 19, 2018 at 4.00 P M at Wipro’s Campus, Cafeteria Hall EC-3, Ground Floor, Opposite Tower 8, No. 72, Keonics, Electronics City, Hosur Road, Bengaluru – 561 229, India.

The notice convening the Annual General Meeting is attached herewith.

Your Company will be providing transport facility at 2.00 pm from the specified destinations given below to reach the venue comfortably.

1. Corporation Circle Bus Stop, Towards Kasturba Road, Bengaluru.

2. Dr. Rajkumar Road at the entrance of RaghavendraTemple, Rajaji Nagar, Bengaluru.

3. Near Big Bazar, Malleswaram Circle, Bengaluru.

4. BDA Complex, Koramangala Main Road, Bengaluru.

5. Jayanagar 4^th Block police station, Bengaluru (buses will be parked facing towards outer ring road)

Those who wish to avail this facility are requested to get confirmation to this effect at the following numbers: 080-28440011 (Extn: 226128, Extn: 228053, Extn: 226175) (Contact: Corporate Secretarial Team)

You may also send your request by email to sowrabh.rao1@wipro.com, vivek.karda1@wipro.com or deepali.arunkumar@wipro.com. Your requests must reach us latest by July 16, 2018.

Yours truly,

Azim H Premji

Executive Chairman

Wipro Limited

Place: Bengaluru

Date: June 8, 2018

ROUTE MAP TO THE VENUE

WIPRO LIMITED. Registered Office: Doddakannelli, Sarjapur Road, Bengaluru - 560 035, Telephone: +91-80-28440011, Fax No.+91-80-28440054, Website: www.wipro.com, Email: corp-secretarial@wipro.com, CIN: L32102KA1945PLC020800

NOTICE TO MEMBERS

Notice is hereby given that the Seventy Second Annual General Meeting of Wipro Limited will be held at Wipro’s Campus, Cafeteria Hall EC-3, Ground Floor, Opp. Tower 8, No. 72, Keonics Electronic City, Hosur Road, Bengaluru - 561 229, on Thursday, July 19, 2018 at 4.00 pm to transact the following businesses:

ORDINARY BUSINESS

1. To receive, consider and adopt the Audited Financial Statements of the Company (including consolidated financial statements) for the financial year ended March 31, 2018, together with the Reports of the Directors and Auditors thereon.

2. To confirm the payment of Interim Dividend of ₹1 per equity share already paid during the year as the Final Dividend for the financial year 2017-18.

3. To consider appointment of a Director in place of Mr. Rishad A Premji (DIN: 02983899) who retires by rotation and being eligible, offers himself for re-appointment.

SPECIAL BUSINESS

4. Re-appointment of Ms. Ireena Vittal (DIN: 05195656) as an Independent Director of the Company

To consider and if thought fit, to pass with or without modification(s) the following resolution as a Special Resolution:

“RESOLVED THAT that pursuant to the provisions of Sections 149, 150, 152 read with Schedule IV and any other applicable provisions of the Companies Act, 2013 and the Companies (Appointment and Qualification of Directors), Rules, 2014 (including

any statutory modification(s) or re-enactment thereof for the time being in force), Ms. Ireena Vittal (DIN: 05195656), Independent Director of the Company, whose period of office is liable to expire on September 30, 2018, and who has submitted a declaration that she meets the criteria of independence under Section 149(6) of the Companies Act, 2013 and who is eligible for re-appointment for a second term under the provisions of the Companies Act, 2013 and rules made thereunder and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in respect of whom the Company has received a notice in writing from a member proposing her candidature for the office of Director pursuant to Section 160 of the Companies Act, 2013, be and is hereby re-appointed as an Independent Director of the Company with effect from October 1, 2018 to September 30, 2023 and the term shall not be subject to retirement by rotation.”

By Order of the Board of Directors

For Wipro Limited

Date: June 8, 2018	M Sanaulla Khan
Place: Bengaluru	Company Secretary

Notes

1. A MEMBER ENTITLED TO ATTEND AND VOTE AT THE ANNUAL GENERAL MEETING IS ENTITLED TO APPOINT A PROXY TO ATTEND AND VOTE INSTEAD OF HIMSELF/HERSELF, AND THAT A PROXY NEED NOT BE A MEMBER OF THE COMPANY. PROXIES TO BE EFFECTIVE MUST BE RECEIVED BY THE

2 Wipro Limited

COMPANY NOT LESS THAN 48 HOURS BEFORE THE COMMENCEMENT OF THE MEETING. A PERSON CAN ACT AS A PROXY ON BEHALF OF MEMBERS NOT EXCEEDING FIFTY AND HOLDING IN AGGREGATE NOT MORE THAN TEN PERCENT OF THE TOTAL SHARE CAPITAL OF THE COMPANY. A MEMBER HOLDING MORE THAN TEN PERCENT OF THE TOTAL SHARE CAPITAL OF THE COMPANY CARRYING VOTING RIGHTS MAY APPOINT A SINGLE PERSON AS PROXY, PROVIDED THAT THE PERSON DOES NOT ACT AS PROXY FOR ANY OTHER MEMBER.

2. Corporate members intending to send their authorized representatives to attend the meeting are requested to send to the Company a certified copy of the Board resolution authorizing their representative to attend and vote on their behalf at the meeting.

3. Only bonafide members of the Company whose names appear on the Register of Members/Proxy holders, in possession of valid attendance slips duly filled and signed will be permitted to attend the meeting. The Company reserves its right to take all steps as may be deemed necessary to restrict non-members from attending the meeting.

4. In order to enable us to register your attendance at the venue of the Annual General Meeting, we request you to bring your folio number/demat account number/DP ID-Client ID to enable us to give you a duly filled attendance slip for your signature and participation at the meeting.

5. In case of joint holders attending the meeting, only such joint holder who is higher in the order of names will be entitled to vote.

6. The Register of Members and Share Transfer books will remain closed from Tuesday, July 17, 2018 to Thursday, July 19, 2018 (both days inclusive).

7. Members who hold shares in the dematerialized form and want to provide/change/correct the bank account details should send the same immediately to their concerned Depository Participant and not to the Company. Members are also requested to give the MICR Code of their bank to their Depository Participants. The Company will not entertain any

direct request from such members for change of address, transposition of names, deletion of name of deceased joint holder and change in the bank account details. While making payment of Dividend, the Registrar and Share Transfer Agent is obliged to use only the data provided by the Depositories, in case of such demat shares.

8. Members holding shares in physical form are advised to submit particulars of their bank account, viz. name and address of the branch of the bank, MICR code of the branch, type of account and account number to our Registrar and Share Transfer Agent, Karvy Computershare Private Limited, Karvy Selenium Tower B, 31-32, Unit: Wipro Limited, Financial District, Nanakramguda, Gachibowli, Hyderabad - 500 032.

9. Members who are holding shares in physical form in identical order of names in more than one folio are requested to send to the Company or Company’s Registrar and Share Transfer Agent the details of such folios together with the share certificates for consolidating their holding in one folio. The share certificates will be returned to the members after making requisite changes, thereon. Members are requested to use the share transfer form SH-4 for this purpose.

10. Non-resident Indian shareholders are requested to inform about the following immediately to the Company or its Registrar and Share Transfer Agent or the concerned Depository Participant, as the case may be, immediately of:-

a. The change in the residential status on return to India for permanent settlement.

b. The particulars of the NRE account with a Bank in India, if not furnished earlier.

11. The certificate from the Statutory Auditors relating to the Company’s Stock Options/Restricted Stock Units Plans under SEBI (Share Based Employee Benefits) Regulations, 2014 will be available for inspection at the Annual General Meeting.

12. Members who wish to claim Dividends, which remain unclaimed, are requested to either correspond

Wipro Limited 3

with the Corporate Secretarial Department at the Company’s registered office or the Company’s Registrar and Share Transfer Agent (Karvy Computershare Private Limited) for revalidation and encash them before the due date. The details of such unclaimed dividends are available on the Company’s website at www.wipro.com. Members are requested to note that the dividend remaining unclaimed for a continuous period of seven years from the date of transfer to the Company’s Unpaid Dividend Account shall be transferred to the Investor Education and Protection Fund (IEPF). In addition, all shares in respect of which dividend has not been paid or claimed for seven consecutive years or more shall be transferred by the Company to demat account of the IEPF Authority within a period of thirty days of such shares becoming due to be transferred to the IEPF.

In the event of transfer of shares and the unclaimed dividends to IEPF, members are entitled to claim the same from IEPF authority by submitting an online application in the prescribed Form IEPF- 5 available on the website www.iepf.gov.in and sending a physical copy of the same duly signed to the Company along with the requisite documents enumerated in Form IEPF-5. Members can file only one consolidated claim in a financial year as per the IEPF rules.

13. Pursuant to the Rule 5(8) of Investor Education and Protection Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, the Company has uploaded details of unpaid and unclaimed amounts lying with the Company as on July 19, 2017 (date of last Annual General Meeting) on its website at www.wipro.com/unpaid-dividend and also on the website of the Ministry of Corporate Affairs.

14. Members holding shares in single name and in physical form are advised to make nomination in respect of their shareholding in the Company. The Nomination Form SH-13 prescribed by the Government can be obtained from the Registrar and Share Transfer Agent or the Secretarial Department of the Company at its Registered Office.

15. With the aim of curbing fraud and manipulation risk in physical transfer of securities, SEBI has notified the SEBI (Listing Obligations and Disclosure Requirements) (Fourth Amendment) Regulations, 2018 on June 8, 2018 to permit transfer of listed securities only in the dematerialized form with a depository. In view of the above and the inherent benefits of holding shares in electronic form, we urge the shareholders holding shares in physical form to opt for dematerialization.

16. The Registers under the Companies Act, 2013 will be available for inspection at the Registered Office of the Company during business hours between 11.00 am to 1.00 pm on all working days except on holidays. The said Registers will also be available for inspection by the members at the AGM.

17. The notice of the Annual General Meeting along with the Annual Report 2017-18 is being sent by electronic mode to those members whose e-mail addresses are registered with the Company/ Depositories, unless any member has requested for a physical copy of the same. For members who have not registered their e-mail addresses, physical copies are being sent by the permitted mode. Members may please note that this notice and Annual Report 2017-18 will also be available on the Company’s website www.wipro.com.

Members who have not registered their e-mail address with the Company are requested to submit their valid e-mail address to Karvy Computershare Private Limited. Members holding shares in demat form are requested to register/update their e-mail address with their Depository Participant(s) directly.

18. A statement pursuant to Section 102(1) of the Companies Act, 2013 relating to certain ordinary business and the special business to be transacted at the Annual General Meeting is annexed hereto. All documents referred to in the accompanying notice and the explanatory statement shall be open for inspection at the Registered Office of the Company during business hours except on holidays, up to and including the date of the Annual General Meeting.

4 Wipro Limited

19. At the 71^st Annual General Meeting of the Company held on July 19, 2017, the members approved appointment of Deloitte Haskins & Sells LLP, Chartered Accountants (Registration No. 117366W/W–100018) as Statutory Auditors of the Company to hold office for a period of five years from the conclusion of that Annual General Meeting till the conclusion of the 76^th Annual General Meeting, subject to ratification of their appointment by members at every Annual General Meeting if so required by the Companies Act 2013. Vide notification dated May 7, 2018, the Ministry of Corporate Affairs has done away with the requirement of seeking ratification of members for appointment of auditors at every Annual General Meeting. Accordingly, no resolution is being proposed for ratification of appointment of statutory auditors at the 72^nd Annual General Meeting.

20. The Company has provided a facility to Members to exercise their right to vote by electronic means. A separate e-voting instructions slip has been sent explaining the process of e-voting with necessary user id and password along with procedure for such e-voting. Such remote e-voting facility is in addition to voting that may take place at the meeting venue on July 19, 2018.

21. The Company has appointed Mr. V Sreedharan, Practising Company Secretary, to act as the Scrutinizer, to scrutinize the e-voting process in a fair and transparent manner.

22. The facility for voting shall be made available at the venue of the Annual General Meeting and the members attending the meeting who have not already cast their vote by remote e-voting shall be able to exercise their right to vote at the Annual General Meeting. The members who have cast their vote by remote e-voting prior to the Annual General Meeting may also attend the Annual General Meeting but shall not be entitled to cast their vote again.

23. The details of the Directors seeking re-appointment at the Annual General Meeting are provided in Annexure A of this Notice. The Company has received the necessary consents/declarations for the re-appointment under the Companies Act, 2013 and the rules thereunder.

24. In case of any queries regarding the Annual Report, members may write to corp-secretarial@wipro.com to receive an email response. Members desiring any information relating to the financial statements at the meeting are requested to write to us at least ten (10) days before the meeting to enable us to keep the information ready.

EXPLANATORY STATEMENT PURSUANT TO SECTION 102 OF THE COMPANIES ACT, 2013

The following statement sets out all material facts relating to the certain ordinary business and the special business mentioned in the accompanying Notice:

Item No. 3

Though not statutorily required, the following is being provided as an additional information to the members.

Pursuant to the provisions of Section 152 and other applicable provisions of the Companies Act, 2013 and the Company’s Articles of Association, not less than two-thirds of the total number of Directors of a the Company shall be liable to retire by rotation. One third of these Directors must retire from office at each Annual General Meeting, but each retiring director is eligible for re-election at such meeting.

Independent Directors are not subject to retirement by rotation. Further, Mr. Azim H. Premji is not liable to retire by rotation. Accordingly, Mr. Rishad A Premji and Mr. Abidali Z Neemuchwala are the Executive Directors liable to retire by rotation. In July 2017, Mr. Abidali Z Neemuchwala was subject to retirement by rotation and was re-appointed by the members at the 71^st Annual General Meeting. Accordingly, Mr. Rishad A Premji is required to retire by rotation at this Annual General Meeting and being eligible, has offered himself for re-appointment. Mr. Rishad A Premji is the son of Mr. Azim H Premji, Executive Chairman.

Except Mr. Azim H Premji, Executive Chairman, Mr. Rishad A Premji or his relatives, none of the Directors and Key Managerial Personnel of the Company or their relatives are concerned or interested financially or otherwise, in the resolutions set out at item No. 3.

Wipro Limited 5

Considering Mr. Rishad A Premji’s skills, expertise and experience, the Board of Directors recommends the resolution at Item No. 3 for approval of the members by way of an Ordinary Resolution.

Brief profile of Mr. Rishad A Premji, Executive Director and Chief Strategy Officer of the Company, is given below.

Rishad Azim Premji, a full-time director since May 2015, is also the Chief Strategy Officer of the Company. He also serves as a member on the Company’s Strategy Committee and Administrative and Shareholders/ Investors Grievance Committee. As the Chief Strategy Officer, he is responsible for shaping the Company’s strategy to drive sustained and profitable growth. In his role, Mr. Premji is also responsible for Investor Relations and all Government relations activities of the Company. Mr. Premji is the Chairman of the National Association of Software and Services Company (NASSCOM) for 2018-19. Mr. Premji is on the Board of Wipro Enterprises (P) Limited, a leading player in FMCG & Infrastructure Engineering and Wipro-GE, a joint venture between Wipro Enterprises (P) Limited and General Electric in the healthcare domain. Separately, he is on the Boards of the Azim Premji Foundation, one of the largest not-for-profit initiatives in India, and Azim Premji Philanthropic Initiatives, which provides grants to organizations that contribute to social change. Prior to joining Wipro in 2007, Mr. Premji was with Bain & Company in London, working on assignments across Consumer Products, Automobiles, Telecom and Insurance. He also worked with GE Capital in the United States across businesses in the Insurance and Consumer Lending space and is a graduate of GE’s Financial Management Program. Mr. Premji has an MBA from Harvard Business School and a BA in Economics from Wesleyan University. In 2014, he was recognized as a Young Global Leader by the World Economic Forum for his outstanding leadership, professional accomplishments, and commitment to society. Mr. Premji is the son of Mr. Azim H Premji, the Chairman of the Board and Managing Director.

Additional Information about Mr. Rishad A Premji is provided in Annexure A enclosed hereto.

Item No. 4

Ms. Ireena Vittal was appointed as an Independent Director of the Company under the provisions of the Companies Act, 2013, vide resolution passed by the members at the Annual General Meeting held on July 23, 2014. As per the said resolution, the term of appointment of Ms. Ireena Vittal expires on September 30, 2018.

In terms of the Corporate Governance Guidelines of the Company and pursuant to the recommendation of the Board Governance, Nomination and Compensation Committee, the Board of Directors of the Company passed a resolution in their meeting held on April 25, 2018 approving re-appointment of Ms. Ireena Vittal as an Independent Director for a second term from October 1, 2018 to September 30, 2023, based on skills, experience, knowledge and outcome of performance evaluation.

Pursuant to the provisions of Section 149 and other applicable provisions of the Companies Act, 2013, an Independent Director shall hold office for a term up to five consecutive years on the Board of a Company, and shall be eligible for re-appointment on passing of a special resolution by the Company and disclosure of such appointment in Board’s report.

The Company has received a declaration from Ms. Ireena Vittal confirming that she meets the criteria of independence under Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Further, the Company has also received Ms. Ireena Vittal’s consent to act as a Director in terms of section 152 of the Companies Act, 2013 and a declaration that she is not disqualified from being appointed as a Director in terms of Section 164 of the Companies Act, 2013.

In the opinion of the Board of Directors, Ms. Ireena Vittal fulfills the conditions specified in the Companies Act, 2013 and the rules made thereunder, for her re-appointment as an Independent Director of the Company and is independent of the Management.

In terms of Section 160 of the Companies Act, 2013, the Company has received a notice in writing from a member along with a deposit of ₹1 lakh proposing the candidature

6 Wipro Limited

of Ms. Ireena Vittal to be re-appointed as an Independent Director as per the provisions of the Companies Act, 2013.

Copy of draft letter of appointment of Ms. Ireena Vittal setting out the terms and conditions of appointment shall be available for inspection by the Members at the registered office of the Company.

Except Ms. Ireena Vittal, being the appointee, or her relatives, none of the Directors and Key Managerial Personnel of the Company or their relatives are concerned or interested financially or otherwise, in the resolutions set out at item No. 4.

The Board of Directors recommends the resolution at Item No. 4 for approval of the members by way of a Special Resolution.

Brief profile of Ms. Ireena Vittal, Independent Director of the Company, is given below.

Ireena Vittal became a Director of the Company in October 2013 and also serves as a member of the Company’s Audit, Risk and Compliance Committee, Strategy Committee and Administrative and Shareholders/Investors Grievance Committee. Ms. Vittal is a former partner with McKinsey & Co. Prior to joining McKinsey &

Co., Ms. Vittal worked with Nestle India Limited and with MaxTouch (now Vodafone India Limited). Ms. Vittal serves as a board member of Titan Company Limited, Tata Global Beverages Limited, The Indian Hotels Company Limited, Godrej Consumer Products Limited, Cipla Limited and Compass Plc. Ms. Vittal was on the Board of Zomato Media Private Limited until April 2018. Ms. Vittal is also a member of Audit Committee of all the aforementioned companies and a member of Nomination and Remuneration Committee of Titan Company Limited, Godrej Consumer Products Limited and Cipla Limited. Ms. Vittal has a graduate degree in Electronics from Osmania University and has completed her Master’s in Business Administration from the Indian Institute of Management, Calcutta.

Additional information about Ms. Ireena Vittal is provided in Annexure A enclosed hereto.

By Order of the Board of Directors

For Wipro Limited

Place: Bengaluru	M Sanaulla Khan
Date: June 8, 2018	Company Secretary

Wipro Limited 7

Annexure-A

Details of Directors seeking re-appointment at the Annual General Meeting scheduled to be held on July 19, 2018 [Pursuant to Regulation 36(3) of the SEBI (Listing Obligation and Disclosure Requirements), Regulation, 2015].

Name of the Director	Rishad A Premji	Ireena Vittal
Date of Birth	09.01.1977	02.10.1968
Age	41 years	49 years
Date of Appointment	01.05.2015	01.10.2013
Date of Appointment as Independent Director under the Companies Act, 2013 and SEBI Listing Regulations	N.A.	23.07.2014
Relationship with Directors and Key Managerial Personnel	Son of Mr. Azim H Premji	None
Expertise in specific functional area	Economics, Finance and wide managerial experience	Wide managerial and administrative experience
Qualification(s)	MBA from Harvard Business School and BA in Economics from Wesleyan University.	Graduate Degree in Electronics from Osmania University and Masters in Business Administration from the Indian Institute of Management, Calcutta.
Board Membership of other listed Companies as on March 31, 2018	Nil	1.  The Indian Hotels Company Limited 2.  Godrej Consumer Products Limited 3.  Titan Company Limited 4.  Tata Global Beverages Limited 5.  Cipla Limited
Chairmanships/Memberships of the Committees of other public limited companies as on March 31, 2018
a. Audit Committee	Nil	1.  Godrej Consumer Products Limited 2.  Titan Company Limited 3.  Cipla Limited 4.  Tata Global Beverages Limited 5.  Indian Hotels Company Limited
b. Shareholders’ Grievance Committee	Nil	-
c. Board Governance and Nomination Committee	Nil	1.  Titan Company Limited 2.  Cipla Limited 3.  Godrej Consumer Product Limited
d. CSR Committee	Nil	1.  Titan Company Limited 2.  Indian Hotels Company Limited
e. Other Committee(s)	Nil	1.  Indian Hotels Company Limited (Strategy Committee)
Number of shares held in the Company as on March 31, 2018	13,73,332	Nil

Note:

1. The Directorship, Committee Memberships and Chairmanships do not include positions in foreign companies, unlisted companies and private companies, position as an advisory board member and position in companies under Section 8 of the Companies Act, 2013.

2. The proposal for re-appointment of Independent Director has been approved by the Board pursuant to the recommendation of the Board Governance, Nomination and Compensation Committee considering the skills, experience and knowledge of the Director and positive outcome of performance evaluation.

3. Information pertaining to remuneration paid to the Directors who are being re-appointed and the number of Board Meetings attended by them during the year 2017-18 are provided in the Corporate Governance Report. The remuneration payable to Mr. Rishad A Premji shall be in accordance with the terms approved by the members at the Annual General Meeting held on July 18, 2016. The remuneration payable to Ms. Ireena Vittal shall be in accordance with the remuneration policy detailed in the Corporate Governance Report forming part of the Annual Report.

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WIPRO LIMITED. Registered Office: Doddakannelli, Sarjapur Road, Bengaluru - 560 035, Telephone : +91-80-28440011, Fax No.+91-80-28440054, Website : www.wipro.com, Email: corp-secretarial@wipro.com, CIN: L32102KA1945PLC020800

ATTENDANCE SLIP

Venue of the meeting	:	Wipro’s campus, Cafeteria Hall EC-3, Ground Floor, Opp. Tower 8, No. 72, Keonics Electronics City, Hosur Road, Bengaluru - 561229
Day, Date & Time	:	Thursday, July 19, 2018 at 4:00 pm

PLEASE FILL ATTENDANCE SLIP AND HAND IT OVER AT THE ENTRANCE OF THE MEETING VENUE

Name of Member(s)            

Registered Address

Email ID

DP ID*

Client ID*

Folio No.

No. of shares held

* Applicable for investors holding shares in Electronic form.

I certify that I am the registered shareholder(s)/proxy for the registered shareholder of the Company.

I hereby record my presence at the 72^nd Annual General meeting of the Company on Thursday, July 19, 2018 at 4.00 pm at Wipro’s campus, Cafetaria Hall EC-3, Ground Floor, Opp. Tower 8, No. 72, Keonics Electronics City, Hosur Road, Bengaluru - 561229.

Signature of Member/Proxy

PROCEDURE AND INSTRUCTIONS FOR WEB CHECK-IN/ATTENDANCE REGISTRATION

Web Check-in/Attendance Registration: Members are requested to tender their attendance slip at the registration counters at the venue of the Annual General Meeting (AGM) and seek registration before entering the meeting hall. Alternatively, to facilitate hassle free and quick registration/entry at the venue of the AGM, the Company has provided a Web-Check in facility through Karvy’s website. Web Check-in on Karvy’s website enables the members to register attendance online in advance and generate attendance slip without going through the registration formalities at the registration counters.

Procedure of Web Check-in is as under:

a. Log on to https://karisma.karvy.com and click on https://agm.karvy.com/webcheckin/WebReg.aspx

b. Select Wipro Limited.

c. Pass through the security credentials viz., enter DP ID/Client ID/Folio no. PAN & “CAPTCHA” as directed by the system and click on the “submit” button.

d. The system will validate the credentials. Then click on the “Generate my attendance slip” button that appears on the screen.

e. The attendance slip in PDF format will appear on the screen. Select the “PRINT” option for direct printing or download and save for the printing.

f. The web check-in will be available only during the e-voting period i.e., from 9.00 A.M. IST on July 15, 2018 to 5.00 P.M. IST on July 18, 2018.

g. Members are requested to carry a valid photo identity proof along with the above attendance slip for verification purposes.

Notes:

1. Electronic copy of the Annual Report for 2017-18 and Notice of the Annual General Meeting along with Attendance Slip and Proxy Form is being sent to all the members whose email ids are registered with the Company/Depository Participant unless any member has requested for a hard copy of the same. Shareholders receiving electronic copy and attending the Annual General Meeting can print a copy of this Attendance Slip.

2. Physical copy of the Annual Report for 2017-18 and Notice of the Annual General Meeting along with Attendance Slip and Proxy Form is being sent in the permitted mode(s) to all members whose email ids are not registered with the Company and those who have requested for a hard copy.

WIPRO LIMITED. Registered Office: Doddakannelli, Sarjapur Road, Bengaluru - 560 035, Telephone : +91-80-28440011, Fax No.+91-80-28440054, Website : www.wipro.com, Email: corp-secretarial@wipro.com, CIN: L32102KA1945PLC020800

FORM OF PROXY

Form MGT-11

Pursuant to Section 105(6) of the Companies Act, 2013 and Rule 19(3) of

the Companies (Management and Administration) Rules, 2014

Venue of the meeting	:	Wipro’s campus, Cafeteria Hall EC-3, Ground Floor, Opp. Tower 8, No. 72, Keonics Electronics City, Hosur Road, Bengaluru - 561229
Day, Date & Time	:	Thursday, July 19, 2018 at 4:00 PM

PLEASE FILL ATTENDANCE SLIP AND HAND IT OVER AT THE ENTRANCE OF THE MEETING VENUE

Name of Member(s)

Registered Address

Email ID

DP ID*/Folio No.

Client ID*

* Applicable for investors holding shares in Electronic form.

I/We                                                                               of                                                                               being the member/members of Wipro Limited hereby appoint the following as my/our Proxy to attend and vote on a poll (for me/us and on my/our behalf at the 72nd Annual General Meeting of the Company, to be held on July 19, 2018 at 4:00 pm and at any adjournment thereof) in respect of such resolutions as are indicated below;

1.	Name	Registered address
	Email id	Signature
	or failing him/her
2.	Name	Registered address
	Email id	Signature
	or failing him/her
3.	Name	Registered address
	Email id	Signature

** I/We direct my/our Proxy to vote on the Resolutions in the manner as indicated below:

Sl.No.	Resolution	Number of         shares held	For	Against
Ordinary Business
1.	Consider and adopt the Audited Financial Statements of the Company (including consolidated financial statements) for the financial year ended March 31, 2018, together with the Reports of the Directors and Auditors thereon.
2.	To confirm the payment of Interim Dividend of ₹1 per equity share already paid during the year as Final Dividend for the financial year ended March 31, 2018
3.	Re-appointment of Mr. Rishad A Premji (DIN: 02983899), Director, who retires by rotation and being eligible, offers himself for re-appointment.
Special Business
4.	Re-appointment of Ms. Ireena Vittal (DIN: 05195656) as an Independent Director of the Company.

This is optional. Please put a tick mark (✓) in the appropriate column against the resolutions indicated in the box. If a member leaves the “For” or “Against” column blank against any or all the Resolutions, the proxy will be entitled to vote in the manner he/she thinks appropriate. If a member wishes to abstain from voting on a particular resolution, he/she should write “Abstain” across the boxes against the Resolution.

Signature (s) of Member(s)

1.           2.           3.       Affix one         Rupee         Revenue         Stamp        

Signed this                      day of                      2018.

Notes:

1. The Proxy to be effective should be deposited at the Registered office of the company not less than FORTY EIGHT HOURS before the commencement of the Meeting. A Proxy need not be a Member of the Company.

2. In the case of joint holders, the vote of the senior who tenders a vote, whether in person or by proxy, shall be accepted to the exclusion of the vote of the other joint holders. Seniority shall be determined by the order in which the names stand in the Register of Members.

3. A member may vote either for or against each resolution.

EX-99.2

Exhibit 99.2

PROCEDURE AND INSTRUCTIONS FOR e-VOTING

I. Remote e-voting: In compliance with the provisions of Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014, as amended and the provisions of Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Members are provided with the facility to cast their vote electronically, through the e-voting services provided by Karvy Computershare Private Limited (Karvy) on all resolutions set forth in this Notice, from a place other than the venue of the Meeting (remote e-voting).

(A) In case a Member receives an email from Karvy [for Members whose email IDs are registered with the Company/Depository Participants (s)], please follow the below instructions:

i. Launch internet browser by typing the URL: https://evoting.karvy.com.

ii. Enter the login credentials (i.e. User ID and password). In case of physical folio, User ID will be EVEN (E-Voting Event Number) followed by folio number. In case of Demat account, User ID will be your DP ID and Client ID. However, if you are already registered with Karvy for e-voting, you can use your existing User ID and password for casting your vote.

iii. After entering these details appropriately, click on “ LOGIN ”.

iv. You will now reach password change menu wherein you are required to mandatorily change your password. The new password shall comprise of minimum 8 characters with at least one upper case (A- Z), one lower case (a-z), one numeric value (0-9) and a special character (@,#,$, etc.,). The system will prompt you to change your password and update your contact details like mobile number, email ID etc. on first login. It is strongly recommended that you do not share your password with any other person and that you take utmost care to keep your password confidential.

v. Login again with the new credentials.

vi. On successful login, the system will prompt you to select the “EVENT” and click on ‘WIPRO LIMITED’.

vii. On the voting page, enter the number of shares (which represents the number of votes) as on the cut-off date under “FOR/AGAINST” or alternatively, you may partially enter any number in “FOR” and partially “AGAINST” but the total number in “FOR/AGAINST” taken together shall not exceed your total shareholding as mentioned herein above. You may also choose the option ABSTAIN. If the Member does not indicate either “FOR” or “AGAINST” it will be treated as “ABSTAIN” and the shares held will not be counted under either head.

viii. Members holding multiple folios/demat accounts shall choose the voting process separately for each folio/demat accounts.

ix. Voting has to be done for each item of the notice separately. In case you do not desire to cast your vote on any specific item, it will be treated as abstained.

x. You may then cast your vote by selecting an appropriate option and click on “Submit”.

xi. A confirmation box will be displayed, click “OK” to confirm else “CANCEL” to modify. Once you have voted on the resolution(s), you will not be allowed to modify your vote. During the voting period, Members can login any number of times till they have voted on all the resolution(s).

xii. Corporate/Institutional Members (i.e. other than Individuals, HUF, NRI etc.) are also required to send scanned certified true copy (PDF Format) of the Board Resolution/Authority Letter etc., together with attested specimen signature(s) of the duly authorised representative(s), to the Scrutinizer at email compliance@sreedharancs.com with a copy marked to evoting@karvy.com. The scanned image of the above mentioned documents should be in the naming format “Corporate Name_EventNo.”

(B) In case of Members receiving physical copy of Notice [for Members whose email IDs are not registered with the Company/Depository Participants(s)]:

i. E-Voting Event Number, User ID and Password is provided in the Attendance Slip.

ii. Please follow all steps from Sl. No. (i) to (xii) above to cast your vote by electronic means.

II. Voting at Annual General Meeting (AGM): The Members, who have not cast their vote through remote e-voting can exercise their voting rights at the AGM. The Company will make necessary arrangements in this regard at the AGM Venue. Members who have already cast their votes by remote e-voting are eligible to attend the Meeting however such Members are not entitled to cast their vote again at the meeting.

A Member can opt for only single mode of voting i.e. through remote e-voting or voting at the AGM. If a Member casts votes by both modes i.e. e-voting at AGM and remote e-voting then voting done through remote e-voting shall prevail and vote at the AGM shall be treated as invalid.

OTHER INSTRUCTIONS

a. In case of any query and/or grievance, in respect of voting by electronic means, Members may refer to the Help & Frequently Asked Questions (FAQs) and e-voting user manual available at the download section of https://evoting.karvy.com (Karvy website) or contact Mr. Srinivas B, (Unit: Wipro Limited) of Karvy Computershare Private Limited, Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad - 500 032 or at einward.ris@karvy.com or phone no.040–67162222 or call Karvy’s toll free No.1800-3454-001 for any further clarifications.

b. You can also update your mobile number and e-mail id in the user profile details of the folio which may be used for sending future communication(s).

c. The remote e-voting period commences on Sunday, July 15, 2018 (9.00 a.m. IST) and ends on Wednesday, July 18, 2018 (5.00 p.m. IST). During this period, Members of the Company, holding shares either in physical form or in dematerialized form, as on the cut-off date of Wednesday, July 11, 2018, may cast their votes electronically. The remote e-voting module shall be disabled for voting thereafter. Once the vote on a resolution(s) is cast by the Member, the Member shall not be allowed to change it subsequently. A person who is not a Member as on the cut-off date should treat this Notice for information purposes only.

d. The voting rights of Members shall be in proportion to their share of the paid up equity share capital of the Company as on the cut-off date i.e. Wednesday, July 11, 2018. A person who is not a member on the cut-off date should treat this notice for information purpose only.

e. In case a person has become a Member of the Company after dispatch of AGM Notice but on or before the cut-off date for E-voting i.e., Wednesday, July 11, 2018, he/she may obtain the User ID and password in the manner as mentioned below:

i. If the mobile number of the member is registered against Folio No./DP ID Client ID, the member may send SMS: MYEPWD <space> E-Voting Event Number + Folio No. or DP ID Client ID to 9212993399

Example for NSDL	—	MYEPWD <SPACE> IN12345612345678
Example for CDSL	—	MYEPWD <SPACE> 1402345612345678
Example for Physical	—	MYEPWD <SPACE> XXXX1234567890

ii. If e-mail address or mobile number of the member is registered against Folio No. /DP ID Client ID, then on the home page of https://evoting.karvy.com, the member may click “Forgot Password” and enter Folio No. or DP ID Client ID and PAN to generate a password.

iii. Member may call Karvy’s toll free number 1800-3454-001.

iv. Member may send an e-mail request to einward.ris@karvy.com. However, Karvy shall endeavour to send User ID and Password to those new Members whose mail ids are available.

f. The Scrutinizer will submit his report to the Chairman after the completion of scrutiny, and the result of the voting will be announced by the Chairman or any Director of the Company duly Authorised, on or before Saturday, July 21, 2018 at the registered office and will also be displayed on the website of the Company (www.wipro.com), besides being communicated to the Stock Exchanges, Depositories and Registrar and Share Transfer Agents.

EX-99.3

Exhibit 99.3

WIPRO LIMITED    

TO THE REGISTERED HOLDERS OF AMERICAN DEPOSITARY RECEIPTS (“ADRs”)

REPRESENTING EQUITY SHARES OF    

WIPRO LIMITED    

        Please refer to the reverse side of this card for the Resolutions to be voted.

FOLD AND DETACH HERE    

	ORDINARY BUSINESS			SPECIAL BUSINESS
		FOR	AGAINST		FOR	AGAINST
	Res. 1	☐	☐	Res. 4	☐	☐
	Res. 2	☐	☐
	Res. 3	☐	☐
Address Change    ☐    Mark box, sign and indicate changes/comments below:				Mark box at right if you wish to give a discretionary proxy to a person designated by the Company. PLEASE NOTE: Marking this box voids any other instructions indicated hereon.			☐
				Sign Below		Date:
				Please sign this Voting Instruction Card exactly as your name(s) appear(s) on the face of this card and on the books of the Depositary. Joint owners should each sign personally. Trustees and other fiduciaries should indicate the capacity in which they sign, and where more than one name appears, a majority must sign. If a corporation, this signature should be that of an authorized officer who should state his or her title.

AGENDA

ORDINARY BUSINESS

1. Consider and adopt the Audited Financial Statements of the Company (including consolidated financial statements) for the financial year ended March 31, 2018, together with the Reports of the Directors and Auditors thereon.

2. To confirm the payment of Interim Dividend of ₹1 per equity share already paid during the year as Final Dividend for the financial year ended March 31, 2018.

3. Re-appointment of Mr. Rishad A Premji (DIN 02983899), Director, who retires by rotation and being eligible, offers himself for re-appointment.

SPECIAL BUSINESS

4. Re-appointment of Ms. Ireena Vittal (DIN 05195656) as an Independent Director of the Company.

Wipro Limited JPMorgan Chase Bank, N.A., Depositary P.O. Box 64507, St. Paul, MN 55164-0507   Voting Instruction Card  

JPMorgan Chase Bank, N.A. (the “Depositary”) has received advice that the Seventy Second Annual General Meeting of Wipro Limited (the “Company”) will be held at Wipro’s Campus, Cafeteria Hall EC-3, Ground Floor, Opposite Tower 8, No. 72, Keonics, Electronics City, Hosur Road, Bangalore – 561 229, India, on Thursday, July 19, 2018 at 4:00 p.m., for the purposes set forth on this card.

If you are desirous of having the Depositary, through its Nominee or Nominees, vote or execute a proxy to vote the Equity Shares represented by your ADRs FOR or AGAINST the Resolutions proposed, or any of them, as the case may be, kindly execute and forward to the Depositary, the attached Voting Instruction Card. The enclosed postage paid envelope is provided for this purpose. This Voting Instruction Card should be executed in such manner as to show clearly whether you desire the Nominee or the Nominees of the Depositary to vote FOR or AGAINST the Resolutions, or any of them, as the case may be. You may include instructions to give a discretionary proxy to a person designated by the Company. The Voting Instruction Card MUST be forwarded in sufficient time to reach the Depositary before 12:00 p.m., July 12, 2018. Only the registered holders of record at the close of business on June 21, 2018, will be entitled to execute the attached Voting Instruction Card.

The signatory, a registered holder of ADRs representing Equity Shares of Wipro Limited, of record June 21, 2018, hereby requests and authorizes the Depositary, through its Nominee or Nominees, to vote or execute a proxy to vote the underlying Equity Shares of the Company represented by such ADRs, on the Resolutions at the Annual General Meeting of the Company, or at any adjournment thereof.

These instructions, when properly signed and dated, will be voted in the manner directed herein. If you mark the box indicating that you wish to give a discretionary proxy to a person designated by the Company, the underlying Equity Shares represented by such ADRs will be voted by such person in his or her discretion. If these instructions are properly signed and dated, but no direction is made, the underlying Equity Shares represented by such ADRs will not be voted by the Depositary.

Please visit the Company’s website, https://www.wipro.com/investors/ to view and download the notice of meeting which also contains an explanatory statement with respect to the resolutions that are up for voting at the Annual General Meeting.

NOTE: In order to have the aforesaid shares voted, this Voting Instruction Card MUST be returned before 12:00 p.m., July 12, 2018.

JPMorgan Chase Bank, N.A., Depositary

PLEASE MARK, DATE AND SIGN ON REVERSE SIDE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE.

EX-99.4

Exhibit 99.4

QUICKTAKE: GROWTH DRIVE FOR ABBOTT Abbott’s shares gained 3.2% after the company posted 16% y-o-y growth in May sales, ahead of sector’s 11%. Its outlook is strong given its presence in fast-growing areas, and the return of industry growth to double-digits TSI VARROC P11 ENGG HAS ENGINES SEVERALGROWTH BUT VALUATIONS AWORRY Regulator’s omnibus move boon fordomestic brokers Normstomovestocks underASMgetstricter Sebi, exchanges’ move likely to bring more stocks under surveillance SHRIMI CHOUDHARY Mumbai, 25 June In a bid to further improve the risk management system, the Securities and Exchange Board of India (Sebi) and bourses have tightened rules for putting stocks under the ‘additional surveillance mechanism’. The new rules also consider a stock’s valuation, price to earnings ratio, client concentration and gyration in the price, over a period of one month and one year. Market experts said the new criteria could result in ASM being imposed in more stocks. Stocks under ASM are allowed to trade only in a five per cent band and leveraging is barred. A few weeks ago, the NSE and BSE had moved 109 stocks to ASM following which some stocks had seen a huge correction in their prices. The new criteria for ASM was set following a joint meeting of exchanges, Sebi and clearing corporations. The newrules also considera stock’s valuation—price to earnings ratio, client concentration and gyration in the stock price over a period of one month and one year Interestingly, the new ASM rules exclude public sector enterprises (PSUs) and public sector banks. Accordong to the new rule, while calculating client margins, a possible rise in the security will also be considered. Until now, the margin was calculated assuming a potential 20 per cent fall in the security and possible loss arising due to such fall. ASM calculation will also involve a potential rally of 17.74 per cent in the index. The new ASM framework will be reviewed every two months, based on parameters such as number of price band hits, close-to-close price variation, price to earnings (P/E) ratio and high-low price variation. Further, selection under the ASM framework will include stocks where the high-low price variation is 200 three months and concentration of top 25 clients in the last three months is 30 per cent or more. Also, it includes scrips where the close-to-close price variation in the last 30 trading days is 100 per cent or more and P/E is negative. Furthermore, a stock with a closing price variation in 365 days of more than 100 per cent and high-low variation of 200 per cent or more during the period, market cap of over Rs 5 million and high-low variation in 90 trading days of over 50 per cent, will be the part of the new ASM. After a month, scrips with P/E ratio greater than 100 will be placed in the trade-for-trade segment. “Scrips having P/E ratio of less than 10 will be moved out of the ASM framework and closing price will become the base price for subsequent reviews,” the circular issued by exchanges said. According to exchanges, the rules will not be applicable to stocks that are already under the so-called graded surveillance measure (GSM). The exchange will soon come out with the effective date for implementation of the new surveillance mechanism. P-noteinvestmentsslumptonine-yearlow PRESS TRUST OF INDIA New Delhi, 25 June Investmentsthroughparticipa-tory notes into Indian capital markets plunged to over 9-year lowofmorethan~930billionat the end of May amid stringent normsputinplacebytheSebito check the misuse of these instruments. P-notes are issued by regis-teredforeignportfolioinvestors (FPIs)tooverseasinvestorswho wish to be part of the Indian stock markets without registering themselves directly. They, however, need to go through a proper due diligence process. According to the Sebi data, the total value of P-note investments in Indian markets —equity, debt, and derivatives —slumped to a low of ~934.97 billion at May-end from ~1002.45 billion in the end of April. Prior to that, the figure was ~1,064.03 billion. This is the lowest level since April 2009, when the cumulative value of such investments stood at ~723.14 billion. Of the total investments made last month,P-noteholdingsinequi-ties were at ~704.42 billion and the remaining in debt and derivatives markets. Besides,thequantumofFPI investments via P-notes dropped to 2.9 per cent during the period under review from 3 per cent in the preceding month. P-note investments wereonadeclinesinceJunelast year and hit an over eight-year low in September. However, these investments rose slightly in October but fell again in November and the trend continued till May this year. The decline could be attributed to several measures taken the misuse of the controversy-ridden participatory notes. In July 2017, Sebi had noti-fiedstricternormsstipulatinga fee of $1,000 on each instrument to check any misuse for channelising black money. It had also prohibited FPIs from issuing such notes where the underlying asset is a derivative, exceptthosewhichareusedfor hedging purposes. STEEP DECLINE Notional value of PNs on equity, debt & derivatives* ~/billion *Figures compiled based on reports submitted by FPIs/deemed FPIs issuing ODIs Source: NSDL Compiled by BS Research Bureau Sensexdeclines amidglobalrisks BLOOMBERG Mumbai, 25 June The benchmark equity index declined on Monday, as global risk aversion kept the market volatile ahead of the expiry of monthly derivatives contracts later this week. TheS&PBSESensexfell0.6 percentto35,470.35attheclose in Mumbai, with Tata Motors and ICICI Bank the worst performers.Agaugeofstock-mar-ketvolatilityrosetothehighest levelinfiveweeks.Seventeenof 19 industry sub-indexes compiled by BSE declined, led by measuresofindustrialsandoil & gas companies. “Global uncertainty continues to impact India,” said A K Prabhakar, head of research at IDBI Capital Market Services. “This being the week of derivative contract expiry, we’re likely to see rangebound trade.” Derivatives contracts expire on the last Thursday of every month in India. Recent selling in NSE Nifty 50 Index 10,800 puts indicate upside can be expected if the measure holds above 10,800 before the expiry, according to ICICI Securities. The US Treasury Department is planning to heighten scrutiny of Chinese investments in sensitive US industries under an emergency law, putting Washington’s trade war with Beijing on a potentially irreversible course. Under the plan, the White House would declare China’s investment in US companies involved in technologies such as new-energy vehicles, robotics and aerospace a threat to economic and national security, according to eight people familiar with the plans. Tata m-cap Motors drops shares by ~52. slip 836%; bn PRESS TRUST OF INDIA New Delhi, 25 June SharesofTataMotorsslumped over 6 per cent on Monday, wiping out ~52.83 billion from itsmarketvaluationamidcon-cerns over auto tariff threat by theUS.Thestockdropped5.94 per cent to settle at 289.85 on BSE. During the day, it tanked 6.53 per cent to ~288. On NSE, sharesofthecompanyplunged 6.31percenttocloseat~288.55. Led by the sharp fall in the stock, the company’s market valuation tumbled ~52.83 billion to ~836.89 billion. The stock was the worst hit among blue chips on both key indices. In terms of equity volume, 13.75 lakh shares of the company were traded on BSE and over 10 million shares changedhandsonNSEduring the day. US President Donald TrumponFridaythreatenedto slap a 20 per cent duty on all cars imported from Europe unless the European Union removed its trade barriers and tariffs on dozens of American products which took effect. Meanwhile, Tata Motors-owned Jaguar Land Rover has lined up investment worth Ł13.5billioninnextthreeyears. THE COMPASS Sentimentto stay weak in cementsector Investors staying away from hospital stocks [Graphic Appears Here] QUICKTAKE: GROWTH DRIVE FOR ABBOTT Abbott’s shares gained 3.2% after the company posted 16% y-o-y growth in May sales, ahead of sector’s 11%. Its outlook is strong given its presence in fast-growing areas, and the return of industry growth to double-digits TSI VARROC P11 ENGG HAS ENGINES SEVERALGROWTH BUT VALUATIONS AWORRY Regulator’s omnibus move boon fordomestic brokers Normstomovestocks underASMgetstricter Sebi, exchanges’ move likely to bring more stocks under surveillance SHRIMI CHOUDHARY Mumbai, 25 June In a bid to further improve the risk management system, the Securities and Exchange Board of India (Sebi) and bourses have tightened rules for putting stocks under the ‘additional surveillance mechanism’. The new rules also consider a stock’s valuation, price to earnings ratio, client concentration and gyration in the price, over a period of one month and one year. Market experts said the new criteria could result in ASM being imposed in more stocks. Stocks under ASM are allowed to trade only in a five per cent band and leveraging is barred. A few weeks ago, the NSE and BSE had moved 109 stocks to ASM following which some stocks had seen a huge correction in their prices. The new criteria for ASM was set following a joint meeting of exchanges, Sebi and clearing corporations. The newrules also considera stock’s valuation—price to earnings ratio, client concentration and gyration in the stock price over a period of one month and one year Interestingly, the new ASM rules exclude public sector enterprises (PSUs) and public sec tor banks. Accordong to the new rule, while calculating client margins, a possible rise in the security will also be considered. Until now, the margin was calculated assuming a potential 20 per cent fall in the security and possible loss arising due to such fall. ASM calculation will also involve a potential rally of 17.74 per cent in the index. The new ASM framework will be reviewed every two months, based on parameters such as number of price band hits, close-to-close price variation, price to earnings (P/E) ratio and high-low price variation. Further, selection under the ASM framework will include stocks where the high-low price variation is 200 three months and concentration of top 25 clients in the last three months is 30 per cent or more. Also, it includes scrips where the close-to-close price variation in the last 30 trading days is 100 per cent or more and P/E is negative. Furthermore, a stock with a closing price variation in 365 days of more than 100 per cent and high-low variation of 200 per cent or more during the period, market cap of over Rs 5 million and high-low variation in 90 trading days of over 50 per cent, will be the part of the new ASM. After a month, scrips with P/E ratio greater than 100 will be placed in the trade-for-trade segment. “Scrips having P/E ratio of less than 10 will be moved out of the ASM framework and closing price will become the base price for subsequent reviews,” the circular issued by exchanges said. According to exchanges, the rules will not be applicable to stocks that are already under the so-called graded surveillance measure (GSM). The exchange will soon come out with the effective date for implementation of the new surveillance mechanism. P-noteinvestmentsslumptonine-yearlow PRESS TRUST OF INDIA New Delhi, 25 June Investmentsthroughparticipa-tory notes into Indian capital markets plunged to over 9-year lowofmorethan~930billionat the end of May amid stringent normsputinplacebytheSebito check the misuse of these instruments. P-notes are issued by regis-teredforeignportfolioinvestors (FPIs)tooverseasinvestorswho wish to be part of the Indian stock markets without registering themselves directly. They, however, need to go through a proper due diligence process. According to the Sebi data, the total value of P-note investments in Indian markets —equity, debt, and derivatives —slumped to a low of ~934.97 billion at May-end from ~1002.45 billion in the end of April. Prior to that, the figure was ~1,064.03 billion. This is the lowest level since April 2009, when the cumulative value of such investments stood at ~723.14 billion. Of the total investments made last month,P-noteholdingsinequi-ties were at ~704.42 billion and the remaining in debt and derivatives markets. Besides,thequantumofFPI investments via P-notes dropped to 2.9 per cent during the period under review from 3 per cent in the preceding month. P-note investments wereonadeclinesinceJunelast year and hit an over eight-year low in September. However, these investments rose slightly in October but fell again in November and the trend continued till May this year. The decline could be attributed to several measures taken the misuse of the controversy-ridden participatory notes. In July 2017, Sebi had noti-fiedstricternormsstipulatinga fee of $1,000 on each instrument to check any misuse for channelising black money. It had also prohibited FPIs from issuing such notes where the underlying asset is a derivative, exceptthosewhichareusedfor hedging purposes. STEEP DECLINE Notional value of PNs on equity, debt & derivatives* ~/billion *Figures compiled based on reports submitted by FPIs/deemed FPIs issuing ODIs Source: NSDL Compiled by BS Research Bureau Sensexdeclines amidglobalrisks BLOOMBERG Mumbai, 25 June The benchmark equity index declined on Monday, as global risk aversion kept the market volatile ahead of the expiry of monthly derivatives contracts later this week. TheS&PBSESensexfell0.6 percentto35,470.35attheclose in Mumbai, with Tata Motors and ICICI Bank the worst performers.Agaugeofstock-mar-ketvolatilityrosetothehighest levelinfiveweeks.Seventeenof 19 industry sub-indexes compiled by BSE declined, led by measuresofindustrialsandoil & gas companies. “Global uncertainty continues to impact India,” said A K Prabhakar, head of research at IDBI Capital Market Services. “This being the week of derivative contract expiry, we’re likely to see rangebound trade.” Derivatives contracts expire on the last Thursday of every month in India. Recent selling in NSE Nifty 50 Index 10,800 puts indicate upside can be expected if the measure holds above 10,800 before the expiry, according to ICICI Securities. The US Treasury Department is planning to heighten scrutiny of Chinese investments in sensitive US industries under an emergency law, putting Washington’s trade war with Beijing on a potentially irreversible course. Under the plan, the White House would declare China’s investment in US companies involved in technologies such as new-energy vehicles, robotics and aerospace a threat to economic and national security, according to eight people familiar with the plans. Tata m-cap Motors drops shares by ~52. slip 836%; bn PRESS TRUST OF INDIA New Delhi, 25 June SharesofTataMotorsslumped over 6 per cent on Monday, wiping out ~52.83 billion from itsmarketvaluationamidcon-cerns over auto tariff threat by theUS.Thestockdropped5.94 per cent to settle at 289.85 on BSE. During the day, it tanked 6.53 per cent to ~288. On NSE, sharesofthecompanyplunged 6.31percenttocloseat~288.55. Led by the sharp fall in the stock, the company’s market valuation tumbled ~52.83 billion to ~836.89 billion. The stock was the worst hit among blue chips on both key indices. In terms of equity volume, 13.75 lakh shares of the company were traded on BSE and over 10 million shares changedhandsonNSEduring the day. US President Donald TrumponFridaythreatenedto slap a 20 per cent duty on all cars imported from Europe unless the European Union removed its trade barriers and tariffs on dozens of American products which took effect. Meanwhile, Tata Motors-owned Jaguar Land Rover has lined up investment worth Ł13.5billioninnextthreeyears. THE COMPASS Sentimentto stay weak in cementsector Investors staying away from hospital stocks