Wakefit Grants 4.57 Lakh ESOPs Under 2019 Plan

Wakefit Innovations Ltd announced the grant of 4,57,611 Employee Stock Options (ESOPs) under its "Wakefit Employee Stock Option Plan - 2019". The grant was approved by the Nomination and Remuneration Committee (NRC) on July 13, 2026. These options are exercisable into equity shares of face value Re. 1/- each. The exercise price is set at Re. 1/- per option. Options will vest after a minimum of 12 months from the grant date, with vesting timelines subject to continued employment and performance criteria, and can be exercised within one year of vesting. The company has also stated that the total number of shares arising from the exercise of these options will not exceed 4,57,611.