Wakefit Innovations Limited has announced the results of its postal ballot conducted through remote e-voting under Regulation 44 of the SEBI Listing Regulations, revealing mixed outcomes for the six resolutions presented to shareholders. The voting process concluded on January 18, 2026, with four resolutions approved while two were rejected by the company's members. Following the postal ballot results, the company has made regulatory disclosures under Regulation 30 to BSE and NSE regarding the approved matters.

Postal Ballot Process and Regulatory Compliance

The remote e-voting process commenced at 9:00 a.m. (IST) on December 20, 2025, and concluded at 5:00 p.m. (IST) on January 18, 2026. The company conducted the postal ballot in accordance with Section 110 of the Companies Act, 2013, and SEBI Listing Regulations, with CS Biswajit Ghosh of BMP & Co. LLP serving as the scrutinizer.

Resolution Results Summary

The voting results demonstrated varying levels of shareholder support across the six proposed resolutions. Four resolutions achieved the requisite majority for approval, while two failed to secure sufficient support for special resolutions.

Approved Resolutions and Regulatory Disclosures

Resolution 1: Share Capital Reclassification received overwhelming support with 99.9997% votes in favour. This ordinary resolution approved the reclassification of authorised share capital by converting preference shares into equity shares and consequent alteration to the Capital Clause of the Memorandum of Association. The company has disclosed this approval under Regulation 30, with the reclassification restructuring the authorised share capital to ₹53.93 crore comprising 53,92,82,000 equity shares of ₹1.00 each.

Resolution 3: Upside Arrangement Approval passed with 84.4388% support, approving Clause 20.2 of the Shareholders' Agreement dated May 13, 2025, read with its Amendment Agreement dated June 25, 2025. Under this arrangement, if specific investors achieve returns of 2.50 times or more on their Series D and D1 investments, they will pay promoters Ankit Garg and Chaitanya Ramalingegowda 30% of proceeds exceeding 30% IRR on their respective subscription amounts.

Resolution 6: Article 168 Insertion was approved with 82.1937% votes in favour, inserting Article 168 in the Articles of Association relating to the right to upside arrangement.

Capital Structure Transformation

The approved reclassification will transform the company's capital structure from a complex arrangement involving multiple series of preference shares to a simplified equity-only structure.

Shareholder Agreement and Upside Arrangement Details

The regulatory disclosure reveals that the Shareholders' Agreement, originally executed on May 13, 2025, and amended on June 25, 2025, stands terminated upon the company's listing, except for the upside arrangement clause. The arrangement involves multiple parties including Peak XV Partners Investments VI, Verlinvest S.A., Investcorp Growth Equity Fund, Investcorp Growth Opportunity Fund, Indigo Circle Advisors, and Paramark KB Fund I.

The mixed results reflect shareholder sentiment on various corporate governance and capital structure matters, with strong support for operational decisions but resistance to certain governance arrangements. The company has completed all necessary regulatory disclosures under Regulation 30, with information made available on its investor relations website.

Wakefit Innovations Limited has officially notified stock exchanges about a change in its Corporate Identification Number (CIN) following the successful listing of its equity shares on major Indian bourses. The company announced this administrative update in a formal communication dated January 13, 2026.

CIN Modification Details

The Ministry of Corporate Affairs has updated the company's Corporate Identification Number as part of the standard process following equity share listing. The modification reflects the company's transition from private to public status.

Stock Exchange Listing Information

Wakefit Innovations Limited's equity shares are now listed on both major Indian stock exchanges. The company trades under specific codes assigned by each exchange.

Regulatory Compliance

The CIN change represents a standard regulatory requirement following the company's transition to public listing status. Company Secretary and Compliance Officer Surbhi Sharma, with membership number A57349, signed the official notification to both stock exchanges.

The company has made this information publicly available through its investor relations portal at wakefit.co/investor-relations, ensuring transparency and compliance with listing requirements. This administrative update does not affect the company's business operations or trading activities on either exchange.