StockWatch
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Furniture, Home Furnishing
ESOP23 May 2026, 05:41 pm

Wakefit Grants 3,28,342 Employee Stock Options

AI Summary

Wakefit Innovations Ltd has granted 3,28,342 Employee Stock Options under the "Wakefit Employee Stock Option Plan - 2019". The grant was approved by the Nomination and Remuneration Committee on May 23, 2026, and is in compliance with SEBI regulations. The exercise price is Re. 1/- per option, and vested options are exercisable within one year from vesting. Options will vest after a minimum of 12 months and not later than 5 years from the grant date, based on time and/or performance criteria.

Key Highlights

  • Wakefit grants 3,28,342 employee stock options under ESOP 2019.
  • Exercise price is set at Re. 1/- per option.
  • Options vest after 12 months, but no later than 5 years.
  • Grant complies with SEBI (SBEB) Regulations, 2021.