Wakefit Innovations Ltd. Grants Employee Stock Options
Wakefit Innovations Limited announced that its Nomination and Remuneration Committee approved the grant of 1,72,762 employee stock options under the 'Wakefit Employee Stock Option Plan - 2019' (WAKEFIT ESOP-2019) on March 27, 2026. The grant aligns with the provisions of the SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021.The following table details the stock option grant:
| Particulars | Details |
|---|---|
| Employee Stock Options Granted | 1,72,762 (One Lakh Seventy Two Thousand Seven Hundred and Sixty Two) |
| Compliance with SEBI Regulations | Yes |
| Total Shares Covered by Options | 1,72,762 Options exercisable into not more than 1,72,762 equity shares of Re. 1/- face value each |
| Exercise Price | Re. 1 per Option |
| Vesting Period | Options will vest after a minimum period of 12 months from the Grant Date and not later than 5 years. Vesting timelines may be extended for unauthorized or non-statutory leaves as per the ESOP Plan. |
| Options Exercisable Period | All vested Options shall be exercisable within a maximum period of 1 (One) year from the date of vesting. |
The detailed terms of the grant are governed by the WAKEFIT ESOP-2019.
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