WIPRO: US STEP-DOWN SUBSIDIARY ACQUIRES 20% STAKE IN FLARRE.AI, INC.

• Step-down subsidiary Wipro IT Services, LLC signed a definitive agreement on October 15, 2026 to acquire 20% shareholding in FLARRE.AI, Inc. • Consideration is cash, with cost of acquisition and price per share stated at USD 2,000. • Target is an agentic AI platform purpose-built for insurance, with AI SDLC agents across core insurance platforms and an insurance knowledge graph plus enterprise AI control plane. • Objective is to enhance Wipro's AI capabilities for the global insurance sector, embedding agentic intelligence into underwriting, claims and other workflows. • No government or regulatory approval required; acquisition expected to be completed by October 31, 2026. • Target is recently incorporated, so prior-year financial figures are not available.

Wipro Ltd

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