Wakefit Innovations Limited has informed the stock exchanges that its Board of Directors, at their meeting held on May 07, 2026, approved amendments to the company's Memorandum of Association (MOA). The proposed changes include modification of existing object clauses and insertion of new object clauses, subject to approval by the company's members through a Postal Ballot. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. Subsequently, on May 08, 2026, the company published a newspaper advertisement for its Postal Ballot Notice and e-voting information in Financial Express (English) and Hosadigantha (Kannada), pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The advertisement and related notices are also available on the company's website at https://www.wakefit.co/investor-relations .

Amendments to the Main Object Clause

The Board has approved several modifications and insertions to the main object clauses of the MOA. The following table summarises the key changes proposed under the main object clause:

New Ancillary Object Clauses

In addition to the main object clause amendments, the Board also approved the insertion of new clauses after the existing clause 3(b)(24), covering matters necessary for furtherance of the company's objects. The proposed new ancillary clauses are as follows:

• Clause (v): To establish, develop, operate, manage and use platforms, systems, tools and infrastructure—whether physical or digital—including online platforms, applications, automated systems and other technology-driven channels, for carrying out all objects specified in the MOA.
• Clause (vi): To manufacture, refine and prepare all classes and kinds of fertilisers and related chemicals and industrial preparations, and to buy, sell, distribute and deal in the same in India and elsewhere.
• Clause (vii): To design, manufacture, import, export, buy, sell, trade, install, maintain and improve all kinds of equipment and instrumentation for home, office, hospitals, and health fitness, and to obtain patents for them.
• Clause (viii): To trade, deal in and undertake manufacturing of bricks, tiles, pipes, cement, lime and building construction requisites, and to carry on the business of decorators and furnishers.
• Clause (ix): To carry on the business of manufacturing, dyeing, colouring, spinning, weaving, buying, selling, importing, exporting, trading or otherwise dealing in all fabrics and fibrous substances, including cotton, silk, woolen, linen, hemp, jute, rayon, nylon, artificial silk and other yarn and all kinds of woven synthetic blended textiles.

E-Voting and Postal Ballot Details

The Postal Ballot Notice was dispatched electronically on May 07, 2026, to members whose names appeared in the Register of Members/List of Beneficial Owners as on the Cut-off Date of May 01, 2026. Members are required to record their assent or dissent only through remote e-voting, with the National Securities Depository Limited (NSDL) engaged to provide the e-voting facility. The key e-voting schedule is as follows:

Member Approval and Compliance

The proposed amendments to the MOA are subject to approval by the members of Wakefit Innovations Limited, which will be sought by way of a Postal Ballot. The intimation was signed by Surbhi Sharma, Company Secretary and Compliance Officer (Membership Number: A57349), on behalf of the company. The company was formerly known as Wakefit Innovations Private Limited.

Wakefit Innovations Limited has filed Monitoring Agency Reports with the stock exchanges for the quarter ended March 31, 2026, pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 41 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The reports, prepared by CARE Ratings Limited, cover the utilisation of proceeds from both the company's Pre-IPO Placement and its Initial Public Offer. No deviations from the objects of either issue were reported for the quarter.

Pre-IPO Placement: Issue Overview and Fund Status

The Pre-IPO Placement, conducted as a private placement, had an issue size of Rs. 56.00 crore, with general corporate purposes as the sole stated object. The Monitoring Agency Agreement for this placement is dated November 15, 2025. During Q4FY26, no funds from the Pre-IPO proceeds were utilised. As per management, the company incurred the entire general corporate purpose expenditure of Rs. 56.00 crore from internal accruals through its current account, with the Pre-IPO funds kept as fixed deposits and reimbursement for expenses to be taken on maturity.

Pre-IPO: Deployment of Unutilised Proceeds

The full Rs. 56.00 crore remains unutilised and has been deployed in fixed deposits with Axis Bank at a return of 6.60% per annum. The table below summarises the deployment:

The seven fixed deposits range in individual size from Rs. 5.00 crore to Rs. 9.00 crore, with maturity dates between November 16, 2026 and November 23, 2026.

IPO: Issue Overview and Fund Utilisation

The company's Initial Public Offer, open from December 08, 2025 to December 10, 2025, had an issue size of Rs. 377.178 crore. The Monitoring Agency Agreement for the IPO is dated November 11, 2025. During Q4FY26, a total of Rs. 10.205 crore was utilised, leaving Rs. 366.973 crore unutilised at the end of the quarter. The cost of objects, as per the offer document, is detailed below:

IPO: Progress in Objects During Q4FY26

Of the six stated objects, utilisation during the quarter was recorded under two heads. The table below captures the progress:

The Monitoring Agency noted that the company paid lease rentals for its stores through its current account during Q4FY26, with subsequent reimbursement from the monitoring agency account taken in March 2026. Issue expenses were paid through the current account during Q3FY26 and reimbursed through the monitoring agency account in February 2026. The Monitoring Agency also noted that funds allocated for lease, sub-lease rent and license fee payments for existing COCO stores in FY26 were not completely utilised, though the prospectus acknowledges that the deployment schedule may be revised at management's discretion on account of various factors.

IPO: Deployment of Unutilised Proceeds

The unutilised IPO proceeds of Rs. 366.973 crore have been deployed across fixed deposits with HDFC Bank, Yes Bank, and Axis Bank, as well as held in an Axis Bank Public Issue Account. The aggregate deployment details are as follows:

Fixed deposits with HDFC Bank carry returns of 6.25%–6.45%, Yes Bank deposits earn 6.50%–7.00%, and Axis Bank deposits yield 4.25%–6.40% per annum, with maturity dates ranging from April 2026 to November 2028.

Compliance and Monitoring Agency Observations

CARE Ratings Limited confirmed nil deviation from the objects of both the Pre-IPO and IPO issues. No change in means of finance was observed for either issue. No major deviations were noted over earlier monitoring agency reports. Statutory approvals for COCO store establishment are ongoing, as these are routine approvals required in the ordinary course of business. The CA certificate relied upon for both reports was issued by peer-reviewed audit firm Manian & Rao, dated April 24, 2026, and provides limited assurance. The reports were submitted to the exchanges by Company Secretary and Compliance Officer Surbhi Sharma on May 08, 2026.