Wakefit Innovations Limited has secured shareholder approval to alter its Memorandum of Association (MOA) by amending existing object clauses and including new ones. The special resolution was passed through a remote e-voting process, with the approval deemed received on June 6, 2026. This alteration allows the company to expand its operational scope as defined in its constitutional documents.

The postal ballot was conducted pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 110 of the Companies Act, 2013. BMP & Co. LLP, Practicing Company Secretaries, served as the scrutinizer for the process. The remote e-voting period commenced at 9:00 a.m. IST on May 8, 2026, and concluded at 5:00 p.m. IST on June 6, 2026.

A total of 310,306,213 votes were polled, representing 94.0416% of the total outstanding shares. The resolution received overwhelming support, with 310,304,613 votes, or 99.9994% of the votes polled, cast in favour. Only 1,600 votes were cast against the resolution. There were no invalid votes or abstentions recorded during the process.

Voting Breakdown

The following table details the voting results by shareholder category:

The scrutinizer's report confirmed that the resolution was passed with the requisite majority. The results were disclosed to the stock exchanges and made available on the company's website. Surbhi Sharma, Company Secretary and Compliance Officer for Wakefit Innovations Limited, signed off on the results.

Wakefit Innovations has granted 3,28,342 Employee Stock Options under its Wakefit Employee Stock Option Plan - 2019 (ESOP 2019). The grant was approved by the company's Nomination and Remuneration Committee on May 23, 2026, in compliance with SEBI regulations.

Grant Details

The options are exercisable into 3,28,342 equity shares, each with a face value of Re. 1. The exercise price has been determined at Re. 1 per option. The vesting for these options will commence after a minimum period of 12 months from the grant date and will not extend beyond 5 years. Vesting is contingent upon time and performance criteria, subject to the employee's continued service with the organization.

Key Terms

The following table outlines the specific details of the grant:

All vested options must be exercised within a maximum period of one year from the date of vesting. The company noted that the vesting timelines may be extended for employees on unauthorized or non-statutory leaves as per the ESOP Plan provisions.