Wakefit Innovations Limited has issued a Postal Ballot Notice seeking shareholder approval for six key resolutions through remote e-voting. The voting period commences on December 20, 2025, and concludes on January 18, 2026. The resolutions include approving the reclassification of authorized share capital, ratifying the Employee Stock Option Plan (ESOP) 2019, and approving specific arrangements under the Shareholders' Agreement dated May 13, 2025, as amended on June 25, 2025. These arrangements pertain to an upside arrangement for investors and the right to nominate directors. Additionally, shareholders will vote on the insertion of new articles into the company's Articles of Association related to these agreements. The company has engaged National Securities Depositories Limited (NSDL) to facilitate the e-voting process. The cut-off date for determining eligible members was December 17, 2025. The results of the postal ballot are expected to be declared by January 20, 2026. The Board of Directors approved this notice on December 19, 2025. The notice and explanatory statements are available on the company's website and the stock exchanges' websites.
