HDFC Mutual Fund has disclosed a substantial acquisition in Wakefit Innovations Limited, increasing its stake to 5.43% of the company's paid-up equity capital. The acquisition was completed through open market purchases on March 23, 2026, in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition Details

The mutual fund acquired 30,00,000 shares of Wakefit Innovations through open market transactions, representing 0.91% of the company's total share capital. This acquisition increased HDFC Mutual Fund's total holding from 1,49,15,996 shares (4.52%) to 1,79,15,996 shares (5.43%).

Fund Schemes Involved

The acquisition was made through three HDFC Mutual Fund schemes managed by HDFC Trustee Company Limited:

• HDFC Children's Fund
• HDFC Consumption Fund
• HDFC Small Cap Fund

HDFC Asset Management Company Limited, acting as investment manager for HDFC Mutual Fund, confirmed that the fund house does not belong to the promoter or promoter group of Wakefit Innovations.

Regulatory Compliance and Disclosure

The disclosure was made by Dinesh Bhakade, Deputy Vice President - Compliance at HDFC Asset Management Company Limited, on March 25, 2026. The notification was sent to Wakefit Innovations' Company Secretary Ms. Surbhi Sharma and copied to the listing departments of both BSE Limited and National Stock Exchange of India Limited.

Company Profile

Wakefit Innovations Limited has a paid-up equity capital of Rs. 32,99,66,749, comprising 32,99,66,749 equity shares of Rs. 1 each. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited.

The acquisition did not involve any shares in the nature of encumbrance, voting rights other than equity shares, or convertible securities. All acquired shares carry voting rights and were purchased through regular open market transactions.

Wakefit Innovations Limited has announced the successful allotment of 31,38,074 equity shares under its Employee Stock Option Plan 2019 (ESOP 2019) on March 18, 2026. The Board of Directors approved this allotment through a resolution passed on the same date, enabling eligible employees to exercise their vested stock options.

Share Allotment Details

The allotted equity shares carry a face value of ₹1 each and are fully paid-up. These shares were issued in dematerialized form to eligible employees and ESOP holders who exercised their stock options under the WAKEFIT ESOP-2019 scheme. The exercise price for each share was set at ₹1 with no premium charged.

Impact on Share Capital Structure

The allotment has resulted in a significant increase in the company's equity base:

The newly issued shares carry distinctive numbers ranging from 32,68,28,676 to 32,99,66,749 and are identical in all respects to the existing equity shares of the company.

Regulatory Compliance and Disclosures

Wakefit Innovations has filed the necessary documentation with both BSE Limited and National Stock Exchange of India Limited, where the company's shares are listed. The filing was made on January 19, 2026, with reference numbers BSE: DCS/ESOP/IP/NB/4087/2025-26 and NSE: NSE/LIST/53076 for in-principle approval.

The company has emphasized that this share allotment is not material in nature and complies with:

• Regulation 10(c) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
• Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Key Transaction Features

The ESOP allotment includes several notable aspects:

• No Lock-in Period: The allotted shares are not subject to any lock-in restrictions
• Dematerialized Form: All shares were issued in electronic format with ISIN number INE0E7301029
• No Listing Fees: No additional listing fees are applicable for this allotment
• Employee Benefit: The allotment represents the exercise of vested options by eligible employees under the 2019 scheme

The company has made all relevant information available on its investor relations website and has notified both stock exchanges as per regulatory requirements. This ESOP exercise demonstrates Wakefit's commitment to employee participation in the company's equity growth.