Chaitanya Ramalingegowda has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
WAKEFIT · price
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Wakefit Innovations Limited's promoter and Executive Director Chaitanya Ramalingegowda has filed an annual disclosure confirming that as of March 31, 2026 (financial year end), no encumbrance (pledge or charge) has been created on the equity shares held by him and the broader promoter group. The disclosure lists 12 entities/individuals in the promoter group, including family members (Anupama M R, Javare Gowda Ramalinge Gowda, Gayathridevi G, Siddharth Chaitanya, M B Rajashekhar, Gowramma, Sachin M R), a family trust, and three enterprises (Aisiri Enterprises, Siri Agro, Sri Maruthi Warehousing). This is a routine annual regulatory filing under SEBI takeover regulations.
This disclosure is positive for investors as it confirms no promoter shares are pledged, reducing the risk of forced selling pressure or share dilution. It indicates a clean shareholding structure and promoter commitment to the company.