MAM
Vision Cinemas claims SEBI exemption from corporate governance filings
Company cites low capital and net worth to skip quarterly compliance report
MUMBAI: Vision Cinemas Limited has informed the Bombay Stock Exchange that it qualifies for exemption from filing its quarterly corporate governance report and annual secretarial compliance report, citing its financial thresholds under regulatory norms.
In a communication dated April 11, the company stated that its paid-up share capital and net worth fall below the limits prescribed by the Securities and Exchange Board of India under Regulation 15(2)(a) of the Listing Obligations and Disclosure Requirements Regulations, 2015.
As per the filing, Vision Cinemas reported a paid-up share capital of Rs 7.89 crore and a net worth of Rs 15.34 crore for the financial year ended March 31, 2025. These figures place the company below the regulatory thresholds of Rs 10 crore in paid-up capital and Rs 25 crore in net worth, making certain compliance requirements non-mandatory.
The exemption covers the quarterly corporate governance report under Regulation 27(2), as well as the annual secretarial compliance report, which are typically required for larger listed entities.
The company’s managing director Bindiganavale Rangavasanth confirmed the exemption in the filing, noting that the company meets the criteria laid out under the applicable SEBI regulations.
Financial details supporting the claim were certified by Manoj Acharya and Associates, which verified that the company’s capital and net worth have remained within the prescribed limits over recent financial years.
The provision is aimed at easing compliance for smaller listed companies, allowing them to focus on operations while maintaining essential disclosures. For Vision Cinemas, the exemption offers regulatory breathing room as it continues to operate within a relatively modest financial scale.
Brands
Wipro hires 7,500 freshers, withholds FY27 hiring outlook
Profit rises to Rs 3,522 crore, Rs 15,000 crore buyback announced.
MUMBAI- Hiring may be on, but visibility is off, Wipro is adding talent even as it pauses the crystal ball. The company hired 7,500 freshers in FY26 but stopped short of offering any hiring outlook for FY27, underscoring the uncertainty gripping the IT services sector as it pivots towards an AI-led operating model.
The disclosure came alongside its fourth-quarter earnings, where management flagged volatile demand conditions and refrained from committing to future workforce expansion. Chief human resources officer Saurabh Govil noted that over 3,000 of the total hires were onboarded in the March quarter alone, signalling continued intake despite a lack of clarity on deployment pipelines.
This divergence active hiring without forward guidance reflects a broader industry pattern where talent acquisition continues even as deal conversions remain uneven and client spending cycles stretch. Wipro expects its IT services revenue for the June quarter to range between a decline of 2 per cent and flat growth sequentially in constant currency terms, reinforcing near-term caution.
Chief executive officer Srini Pallia pointed to artificial intelligence as both a disruptor and an opportunity. He said evolving client priorities are pushing the company towards outcome-driven engagements, with Wipro increasingly focusing on a services-as-software model through its AI Native Business and Platforms unit. The shift marks a structural change from traditional headcount-led growth to AI-enabled delivery frameworks.
The company has already committed over $1 billion to its AI ecosystem, with investors closely watching how these investments translate into revenue. For now, the numbers present a mixed picture. Net profit rose sequentially to Rs 3,522 crore, while revenue grew 3 per cent to Rs 24,236 crore. However, core IT services performance remained under pressure, with full-year revenue declining 0.3 per cent in dollar terms and 1.6 per cent in constant currency.
Large deal bookings offered a counterpoint, rising 45.4 per cent year-on-year to $7.8 billion, highlighting a widening gap between deal wins and actual revenue realisation. On a quarterly basis, IT services revenue slipped 1.2 per cent sequentially, signalling continued softness in execution.
Margins, however, told a more optimistic story. Operating margins expanded to 17.3 per cent in the fourth quarter, up from 14.8 per cent in the previous quarter, reflecting improved cost discipline. That said, the company cautioned that upcoming wage hikes and the ramp-up of large deals could exert pressure going forward.
Attrition stood at 13.8 per cent in the March quarter, indicating stabilisation after periods of elevated churn. Alongside its earnings, Wipro also announced a Rs 15,000 crore share buyback, reinforcing its focus on shareholder returns, with a payout ratio of 88 per cent over the past three years.
Taken together, the numbers capture a company in transition investing in AI, maintaining hiring momentum, but navigating a demand environment where growth is uneven and visibility remains limited.
