Wakefit Innovations Limited has informed the Exchange regarding allotment of 31,38,074 Equity Shares of Re. 1/- each to eligible employees/ESOP holders.
WAKEFIT · price
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Wakefit Innovations has allotted 31,38,074 equity shares (face value ₹1 each) to eligible employees and ESOP holders under the Wakefit Employee Stock Option Plan 2019, following the exercise of vested stock options. The shares were issued at an exercise price of just ₹1 with no premium. As a result, the company's paid-up equity share capital has increased from 32,68,28,675 to 32,99,66,749 shares, a marginal increase of about 0.96%. The allotment was approved by the Board on March 18, 2026, and the new shares are identical in all respects to existing equity shares, listed on BSE (544642) and NSE (WAKEFIT). The company has clarified that this allotment is not material in nature.
This is a routine ESOP exercise causing minor dilution of less than 1% for existing shareholders. It signals active employee participation in the stock option plan but is unlikely to have any meaningful impact on the share price or shareholder value.