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 filed an annual disclosure dated April 3, 2026, with BSE Limited and the National Stock Exchange of India Limited, confirming that no encumbrance has been created on equity shares held by its promoter and promoter group. The disclosure was submitted by Ankit Garg, Promoter, Chief Executive Officer, Executive Director and Chairperson of the company, in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 [SEBI (SAST) Regulations, 2011].

Promoter Declaration Under SEBI SAST Regulations

Pursuant to Regulation 31(4) of SEBI (SAST) Regulations, 2011, Ankit Garg has declared that as on the financial year ended March 31, 2026, no encumbrance — directly or indirectly — has been created on the equity shares held by him, along with persons acting in concert, individuals, and entities forming part of his promoter group in the company. The disclosure was digitally signed by Ankit Garg on April 3, 2026, and has been filed with both BSE Limited and the National Stock Exchange of India Limited for their records.

Promoter and Promoter Group Details

The annexure accompanying the disclosure provides a comprehensive list of all individuals and entities forming part of the promoter and promoter group, along with persons acting in concert, as on March 31, 2026. The full details are presented below:

The promoter group comprises 12 individuals and one trust — the Ankit Garg Family Trust — totalling 13 entities in all.

Regulatory Compliance Context

The annual disclosure under Regulation 31(4) of SEBI (SAST) Regulations, 2011 is a mandatory compliance requirement for promoters of listed companies. It requires promoters to confirm, at the end of each financial year, whether any encumbrance has been created on shares held by them or their promoter group. Wakefit Innovations Limited, formerly known as Wakefit Innovations Private Limited, is headquartered at Umiya Emporium, 97-99, 2nd and 4th Floor, Adugodi, Tavarekere, Opp. Forum Mall, Hosur Road, Bangalore, Karnataka, India — 560029. The disclosure has been duly noted by the company's Audit Committee.