Wipro shares gained over 2% after the company informed the Bombay Stock Exchange (BSE), National Stock Exchange of India (NSE), and the New York Stock Exchange (NYSE) that its Board of Directors will consider a proposal for a share buyback at its upcoming meeting scheduled for April 15 and 16, 2026.
The company made the disclosure on April 9 under Regulation 29(1)(b) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. It added that the outcome of the board meeting will be communicated to the exchanges after its conclusion on April 16.
If approved, the proposed buyback will be executed in accordance with the Companies Act, 2013 and the SEBI (Buy-Back of Securities) Regulations, 2018, along with other applicable laws. At this stage, Wipro has not revealed any details regarding the size of the buyback, the price band, or the route through which it will be conducted, as the board is yet to formally evaluate and approve the proposal.
The timing of the buyback consideration is particularly noteworthy, as it coincides with the company’s Q4 FY26 earnings announcement on April 16. This raises the possibility of Wipro announcing both its quarterly results and a capital return programme on the same day, a move that is often closely watched by market participants.