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.

Wakefit Innovations Limited has announced a significant change in its senior management team with the resignation of Mr. Dibyendu Panda, Vice President – Retail Operations. The company disclosed this development to stock exchanges under Regulation 30 of SEBI Listing Regulations on April 10, 2026.

Resignation Details

Mr. Panda's resignation becomes effective from close of business hours on April 10, 2026. The executive cited pursuit of better career opportunities as the primary reason for his departure from the company.

Regulatory Compliance

The company has fulfilled its disclosure obligations as required under SEBI regulations. Company Secretary and Compliance Officer Surbhi Sharma signed the regulatory filing, ensuring proper documentation of the senior management change.

Key compliance aspects include:

• Disclosure under Regulation 30 of SEBI Listing Regulations
• Adherence to SEBI Master Circular guidelines
• Proper documentation with resignation letter attachment
• Timely notification to both BSE and NSE

Management Transition

Mr. Panda submitted his resignation letter on January 12, 2026, providing the company with nearly three months' notice. In his resignation letter, he confirmed that there are no other material reasons for his departure beyond pursuing better career opportunities. The executive expressed gratitude to the Board of Directors for their support and cooperation during his tenure with the company.

The resignation represents a change in Wakefit's retail operations leadership as the company continues its business operations in the sleep and home solutions segment.