Wakefit Innovations Limited has informed the Exchange about grant of Employee Stock Options.
WAKEFIT · price
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Wakefit Innovations' Nomination and Remuneration Committee approved the grant of 1,72,762 Employee Stock Options on March 27, 2026 under the company's ESOP 2019 plan. Each option is exercisable into one equity share of face value Re. 1 at an exercise price of just Re. 1 per option. The options will vest after a minimum of 12 months and not later than 5 years, based on time and/or performance-linked criteria and continued employment. Vested options must be exercised within 1 year of vesting. The grant is in compliance with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.
This is a routine employee incentive grant and is broadly neutral for the stock. However, the very low exercise price of Re. 1 per share means these options carry significant value for employees and, upon exercise, will result in equity dilution of up to 1,72,762 shares for existing shareholders.