Grant of Employee Stock Options under "Wakefit Employee Stock Option Plan - 2019"
WAKEFIT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Wakefit Innovations Ltd has announced the grant of 3,28,342 Employee Stock Options (ESOPs) to employees under the WAKEFIT ESOP-2019 plan. The Nomination and Remuneration Committee approved this grant on May 23, 2026. The exercise price is Re. 1/- per option, with vesting occurring after a minimum of 12 months from the grant date and extending up to 5 years. Options can be exercised within 1 year from the date of vesting. The grant complies with SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021.
This ESOP grant is a routine corporate action aimed at employee retention and aligning employee interests with shareholders. The nominal exercise price of Re. 1/- may lead to potential dilution upon exercise, but this is a standard practice for incentivizing employees.