The Board of Directors of the Company vide resolution passed on May 26, 2026, has approved allotment of 13,64,949 Equity shares of Re.1 each to eligible employees/ ESOP holders.
WAKEFIT · price
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Wakefit Innovations Limited has allotted 13,64,949 equity shares of ₹1 each to eligible employees and ESOP holders who exercised their vested stock options under the Wakefit ESOP 2019. The exercise price for these shares is ₹1 per share with no premium. This allotment increased the company's paid-up equity share capital from ₹32,99,66,749 to ₹33,13,31,698. The shares have been issued in dematerialized form and are identical to existing equity shares. The company clarified that this allotment is not material in nature.
This is a routine ESOP exercise that increases the equity base by approximately 0.4%. The dilution impact on existing shareholders is minimal, and the exercise price at face value suggests employees are gaining from vested options. The company does not consider this significant enough to impact its financial position.