Nature of the Event
Wakefit Innovations Limited (formerly Wakefit Innovations Private Limited) has granted Employee Stock Options under its "Wakefit Employee Stock Option Plan - 2019 [ESOP 2019]" (WAKEFIT ESOP-2019).
Key Quantitative Figures
- Total options granted: 4,57,611 (Four Lakh Fifty Seven Thousand Six Hundred and Eleven) Employee Stock Options
- Each option exercisable into: 1 equity share of face value Re. 1
- Total potential equity shares: 4,57,611 equity shares
- Exercise price: Re. 1 per option
Dates of Action
- Committee approval date: July 13, 2026
- Vesting period: Minimum 12 months from grant date, maximum 5 years
- Exercise period: Within 1 year from date of vesting for each option
Parties Involved
- Approving authority: Nomination and Remuneration Committee (NRC) of the Board of Directors
Significant Terms and Conditions
- Vesting based on time and/or performance criteria as per Letter of Grant
- Subject to continued employment with the company
- Vesting timelines may be extended for unauthorized or non-statutory leaves as per ESOP Plan
- All other terms governed by the ESOP Plan of the Company
Capital Structure Impact
- Maximum potential dilution: 4,57,611 equity shares of face value Re. 1 each
- Financial impact not quantified in the disclosure regarding earnings per share or other metrics
Additional Information
- The information is available on company website: www.wakefit.co/investor-relations
- Disclosure filed with BSE Limited (Scrip Code: 544642) and National Stock Exchange of India Limited (Scrip Symbol: WAKEFIT)