Wakefit Innovations shareholders approved all three ordinary resolutions at its 10th Annual General Meeting held on September 9, 2026. The meeting was conducted via video conferencing in compliance with Ministry of Corporate Affairs and SEBI regulations.

Shareholders representing 79.97% of the total outstanding shares cast their votes. The promoter group participated fully, voting in favor of every resolution without any dissent.

Voting Breakdown by Resolution

The key agenda items included the adoption of audited financial statements for FY26, the re-appointment of a director retiring by rotation, and the appointment of secretarial auditors.

Shareholder Participation Details

A total of 35,955 shareholders were on record as of the cutoff date of September 2, 2026. Participation was primarily driven by electronic voting mechanisms provided by National Securities Depository Limited.

• Promoter Group: Held 122,931,700 shares. All shares were voted in favor across all resolutions.
• Public Institutions: Held 179,483,419 shares. Approximately 71.66% of these shares were polled.
• Public Non-Institutions: Held 28,916,579 shares. Approximately 46.40% of these shares were polled.

BMP & Co. LLP served as the scrutinizer for the remote e-voting process. No invalid votes were recorded for any category of shareholders.

Wakefit Innovations Limited reported a record annual operating revenue of ₹1,488.9 crore for the fiscal year ended March 2026 during its 10th Annual General Meeting held on September 9, 2026.

The home furnishing brand also disclosed an EBITDA of ₹181.96 crore with a margin of 12.2% and a profit after tax (PAT) of ₹91.1 crore. The meeting was conducted via video conferencing with 46 members present.

Financial Performance and Expansion

Chairperson and CEO Ankit Garg highlighted the company’s transition into a publicly listed entity and its growth in the Indian home furnishings market. The company expanded its physical footprint to 139 COCO stores across 76 cities as of March 2026, adding 34 net stores during FY26.

Corporate Governance Updates

The Board approved the appointment of secretarial auditors for a five-year term starting from FY27. Mr. Chaitanya Ramalingegowda was re-appointed as an Executive Director after retiring by rotation. The statutory and secretarial audit reports for FY26 contained no qualifications or adverse observations.

What the Numbers Show

The company’s EBITDA margin of 12.2% indicates that for every rupee of operating revenue generated in FY26, approximately 12 paise remained as operating profit before interest and taxes. This margin level supported a net profit conversion of roughly 6.1% of total operating revenue, reflecting the cost structure associated with its omnichannel expansion strategy.