Latest news about Wakefit Innovations
Wakefit Innovations
127.43
+3.27(+2.63%)
Company Performance:
View Company Insights1D+2.63%
1M-16.21%
6M-33.95%
1Y-33.73%
5Y-33.73%
More news about Wakefit Innovations
22May 26
Wakefit Innovations Co-CEO Charts FY27 Growth Path Through Mattress Dominance, Furniture Expansion, and Cost Discipline
Wakefit Innovations' Co-CEO has outlined the company's FY27 growth strategy, anchored on three pillars: its core mattress business, expanded furniture and furnishing offerings, and disciplined cost management. The company aims to leverage its strong mattress segment as the primary growth engine while broadening its furniture and furnishing footprint, with cost discipline serving as a key lever to manage raw material price volatility.
22May 26
Wakefit Appoints BMP & Co. LLP as Secretarial Auditors
Wakefit Innovations Limited has appointed M/s BMP & Co. LLP as its Secretarial Auditors for a term of five consecutive years from FY 2026-27 to FY 2030-2031, subject to shareholder approval.
12May 26
Wakefit Innovations Both Promoters Confirm Zero Share Encumbrance for FY26 Under SEBI SAST
Wakefit Innovations Limited filed two annual disclosures dated April 3, 2026, from promoters Ankit Garg and Chaitanya Ramalingegowda, both confirming zero encumbrance on equity shares held by their respective promoter groups as on March 31, 2026, in compliance with Regulation 31(4) of SEBI (SAST) Regulations, 2011. Ankit Garg's promoter group comprises 13 entities, while Chaitanya Ramalingegowda's group comprises 12 entities, including individuals, family trusts, and corporate entities.
09May 26
Wakefit Innovations Publishes Postal Ballot Notice in Newspapers, Seeks MOA Amendment Approval
Wakefit Innovations Limited approved amendments to its Memorandum of Association on May 07, 2026, expanding its object clauses to include chemicals, building materials, textiles, and digital platforms, subject to member approval via Postal Ballot. The company published its Postal Ballot Notice in Financial Express and Hosadigantha on May 08, 2026, pursuant to Regulation 47 of SEBI LODR Regulations, with e-voting commencing May 08, 2026, and a cut-off date of May 01, 2026.
09May 26
Wakefit Innovations Submits Monitoring Agency Report for Quarter Ended March 31, 2026
Wakefit Innovations Limited submitted Monitoring Agency Reports for Q4FY26 (quarter ended March 31, 2026), prepared by CARE Ratings Limited, covering Pre-IPO proceeds of Rs. 56.00 crore and IPO proceeds of Rs. 377.178 crore. For the Pre-IPO, no funds were utilised during the quarter; the full amount remains in Axis Bank fixed deposits earning 6.60%, with a market value of Rs. 57.388 crore at quarter-end. For the IPO, Rs. 10.205 crore was utilised during Q4FY26 — Rs. 4.60 crore for lease payments on existing COCO stores and Rs. 5.605 crore for issue expenses — leaving Rs. 366.973 crore unutilised and deployed across fixed deposits with HDFC Bank, Yes Bank, and Axis Bank. No deviations from the stated objects were reported for either issue.
11Apr 26
Wakefit Innovations Announces Resignation of VP Retail Operations Dibyendu Panda
Wakefit Innovations Limited announced the resignation of VP Retail Operations Dibyendu Panda, effective April 10, 2026. The executive cited better career opportunities as the reason for departure, with no other material reasons stated. The company properly disclosed this senior management change under SEBI regulations, with adequate notice period provided from January to April 2026.
08Apr 26
Wakefit Innovations Limited Submits SEBI Compliance Certificate for Q4 FY26
Wakefit Innovations Limited submitted its Q4 FY26 certificate under SEBI Regulation 74(5) on April 7, 2026, covering the quarter ended March 31, 2026. The certificate from registrar MUFG Intime India confirms proper handling of securities rematerialisation and compliance with depositories regulations. Company Secretary Surbhi Sharma filed the document with BSE and NSE, demonstrating continued adherence to corporate governance standards.
31Mar 26
Wakefit Innovations Appoints Nitesh Prakash as Senior Vice President – Home Interiors
Wakefit Innovations Limited has appointed Mr. Nitesh Prakash as Senior Vice President – Home Interiors, effective March 30, 2026. The appointment was approved by the Board of Directors based on the Nomination and Remuneration Committee's recommendation. Mr. Prakash, an IIT Bombay alumnus, brings over a decade of experience in operations and business building, having previously served in senior roles at Ola Electric, Ola, and as founder of O' Be Cocktails. The appointment strengthens Wakefit's leadership in the home interiors segment.
27Mar 26
Wakefit Innovations Grants 1,72,762 Employee Stock Options Under ESOP-2019 Plan
Wakefit Innovations Limited's Nomination and Remuneration Committee approved the grant of 1,72,762 employee stock options under WAKEFIT ESOP-2019 on March 27, 2026. The options carry an exercise price of Re. 1 per option and feature a vesting period of 12 months to 5 years based on time and performance criteria. The grant complies with SEBI regulations and allows exercise within one year of vesting, with each option convertible into one equity share of Re. 1 face value.
25Mar 26
HDFC Mutual Fund Increases Stake in Wakefit Innovations to 5.43% Through Open Market Acquisition
HDFC Mutual Fund has increased its shareholding in Wakefit Innovations Limited to 5.43% through the acquisition of 30,00,000 shares via open market transactions. The purchase was made through three fund schemes and complies with SEBI substantial acquisition regulations, with proper disclosure made to stock exchanges.
18Mar 26
Wakefit Innovations Allots 31.38 Lakh Equity Shares Under Employee Stock Option Plan 2019
Wakefit Innovations Limited allotted 31,38,074 equity shares under ESOP 2019 on March 18, 2026, increasing paid-up capital to ₹32,99,66,749. The shares were issued at ₹1 face value to eligible employees exercising vested stock options, with no lock-in period or premium charges. The company confirmed regulatory compliance and emphasized the allotment's non-material nature.
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