Wakefit Innovations has granted 4,57,611 Employee Stock Options (ESOPs) to eligible employees under its Wakefit Employee Stock Option Plan - 2019. The grant, approved by the Nomination and Remuneration Committee (NRC) on July 13, 2026, aims to incentivize employees through equity ownership in the company. The options are priced at Re. 1 per share and will convert into equity shares of the same face value upon exercise.

The allocation of these options is in compliance with the Securities and Exchange Board of India (SEBI) (Share Based Employee Benefits & Sweat Equity) Regulations, 2021. The company confirmed that the scheme adheres to the regulatory framework, ensuring that the grant process meets all necessary disclosure and compliance standards mandated by the market regulator.

Vesting and Exercise Details

The granted options come with specific vesting and exercise timelines designed to align employee interests with long-term company performance. According to the disclosure, the options will vest after a minimum period of 12 months from the Grant Date and not later than 5 years. The actual vesting will be determined based on time and/or performance criteria as outlined in the Letter of Grant, subject to the employee's continued employment.

Once vested, the options can be exercised by the employees. All vested options must be exercised within a maximum period of 1 year from the date of vesting. The company noted that vesting timelines may be extended for unauthorized or non-statutory leaves as per the provisions of the ESOP Plan.

Key Terms of the Grant

The detailed terms of the ESOP grant were disclosed in an annexure to the regulatory filing. The table below summarizes the significant particulars of the options granted:

The company stated that no options have been exercised, lapsed, or varied as of this disclosure, as the announcement pertains strictly to the initial grant. The information regarding the grant has been made available on the company's official investor relations website for shareholder reference.

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.