Wakefit Innovations has confirmed that no encumbrance has been created on the equity shares held by its promoter and promoter group as of the financial year ended March 31, 2026. The disclosure ensures that the shares held by the promoter, along with persons acting in concert and other group entities, are free from any charges or liens. This confirmation is significant for shareholders as it indicates the promoter's holding is not pledged, reducing the risk of forced sales or ownership changes that could impact corporate governance.

Ankit Garg, Promoter, Chief Executive Officer, Executive Director and Chairperson of wakefit innovations , submitted the declaration to the National Stock Exchange of India Limited on April 6, 2026. The filing was made in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The regulation mandates annual disclosures regarding the status of encumbrances on promoter shares to ensure transparency in ownership structures.

The annexure accompanying the disclosure details the composition of the promoter group and persons acting in concert as of March 31, 2026. The list includes 13 names, ranging from individual family members to specific trusts and enterprises associated with the promoter. Notably, the list identifies Anaaya Garg and Ved Garg as promoter group members, with a note indicating that PAN is not applicable as the individuals are minors.

Promoter and Group Details

The following table outlines the members of the promoter group and persons acting in concert as disclosed in the filing:

*PAN not applicable, as the promoter group member is a minor.

The disclosure was addressed to the National Stock Exchange of India Limited and copied to the Audit Committee of Wakefit Innovations Limited. The company, formerly known as Wakefit Innovations Private Limited, is headquartered in Bangalore, Karnataka.

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.