Meeting Details

The 10th Annual General Meeting of Wakefit Innovations Limited was held on Wednesday, September 09, 2026 at 11:00 AM (IST) through Video Conferencing. The deemed venue was the Registered Office of the Company at Umiya Emporium, 97-99, 2nd and 4th Floor, Adugodi, Tavarekere, Opp. Forum Mall, Hosur Road, Bengaluru, Karnataka-560029, India.

Attendance

Directors Present:

  • Mr. Ankit Garg - Chairperson, Chief Executive Officer & Executive Officer
  • Mr. Chaitanya Ramalingegowda - Executive Director (Chairperson of Risk Management Committee & Corporate Social Responsibility Committee)
  • Mr. Alok Chandra Misra - Non-Executive Independent Director (Chairperson of Audit Committee)
  • Ms. Sandhya Pottigari - Non-Executive Independent Director (Chairperson of Nomination & Remuneration Committee)
  • Mr. Sudeep Nagar - Non-Executive Independent Director (Chairperson of Stakeholder's Relationship Committee)
  • Mr. Mukul Arora - Non-Executive Nominee Director on behalf of Elevation Capital VIII Limited

Key Managerial Personnel Present:

  • Ms. Parul Gupta - Chief Financial Officer
  • Ms. Surbhi Sharma - Company Secretary & Compliance Officer

Invitees Present:

  • Mr. Umang Banka, Mr. Kaushik vitta and Mr. Abhishek Baid - Partner, BSR & Co. LLP, Statutory Auditors
  • Mr. Pramod S M - Partner, M/s. BMP & Co LLP, Secretarial Auditor & Scrutinizer for E-voting

Members Present: 46 Members were present through Video Conferencing.

Proceedings Summary

The meeting commenced at 11:00 AM (IST) with Mr. Ankit Garg, Chairperson of the Board, welcoming all members. The Company Secretary briefed shareholders about participation instructions and voting procedures.

Chairperson's Address Highlights:

  • Company transitioned into a publicly listed company and evolved into a leading home and furnishing brand
  • Highlighted growth opportunities in Indian home and furnishings market
  • Emphasized consumer-first approach, integrated operations, digital capabilities and expanding omnichannel presence
  • FY 2025-2026 performance: Highest-ever annual operating revenue of ₹1,488.9 Crores, Reported EBITDA of ₹181.96 Crores with EBITDA margin of 12.2%, and PAT of ₹91.1 Crores
  • Store expansion: 139 COCO stores across 76 cities as of March 2026, with net addition of 34 stores during FY26
  • Focus on sustainability, responsible business practices, product innovation, technology, and customer experience
  • Expansion of object clauses of Memorandum of Association to explore adjacent opportunities
  • Auditor's Report and Secretarial Audit Report for FY ended March 31, 2026 contained no qualifications or adverse observations

Resolutions Considered

Ordinary Business:

1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and the Auditors thereon (Ordinary Resolution)

2. To appoint a Director in place of Mr. Chaitanya Ramalingegowda (DIN: 03458997), who retires by rotation and being eligible, offers himself for re-appointment (Ordinary Resolution)

Special Business:

3. To appoint Secretarial Auditors of the Company for a term of 5 (five) consecutive years from Financial Year 2026-27 (Ordinary Resolution)

Voting and Results

  • Mr. Pramod S M, Partner, BMP & Co. LLP, was appointed as Scrutinizer
  • Results of e-voting (aggregated with remote e-voting) to be announced on or before September 11, 2026
  • Results will be available on company website, BSE and NSE websites, and NSDL website

Q&A Session

Management opened the floor for questions from shareholders who had registered to speak. All questions were answered by the Chairperson. Additional queries could be submitted to designated company email addresses.

Meeting Conclusion

The e-voting facility remained open for 15 minutes after Q&A session. The proceedings concluded at 12:06 PM (IST).