Wakefit Innovations Approves Audited Financial Results for FY26, Appoints Secretarial Auditors
Wakefit Innovations approved audited financial results for the quarter and year ended March 31, 2026, with revenue from operations at ₹1,488.94 crore. M/s BMP & Co. LLP was appointed as Secretarial Auditors for five years, subject to AGM approval. The company's IPO of 66,096,866 equity shares at ₹195 per share led to listing on December 15, 2025. A deferred tax asset (net) of ₹103.44 crore was recognized.
The announcement provides key financial details and corporate governance updates, which are relevant to investors.
Approval of financial results and appointment of auditors are generally viewed positively.
Wakefit Innovations Limited (WAKEFIT) announced the approval of its audited financial results for the quarter and financial year ended March 31, 2026, during a Board of Directors meeting held on May 21, 2026. The company's Board also approved the appointment of M/s BMP & Co. LLP as Secretarial Auditors for a five-year term starting from the financial year 2026-27, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The Board meeting commenced at 4:30 P.M. and concluded at 6:49 P.M. The financial results include revenue from operations of ₹14,889.43 million (₹1,488.94 crore) for the year ended March 31, 2026. The auditor's report, issued by B S R & Co. LLP, provided an unmodified opinion on the annual financial results. Attention was drawn to the fact that figures for the quarter ended March 31, 2025, were not subjected to audit. The company completed an Initial Public Offer (IPO) of 66,096,866 equity shares at ₹195 per share, which led to listing on NSE and BSE on December 15, 2025. Pre-IPO, the company raised ₹559.99 million (₹55.99 crore) from the issue of 2,871,794 equity shares at ₹195 each. The company has recognized a deferred tax asset (net) of ₹1,034.40 million (₹103.44 crore) as at March 31, 2026. The results are available on the company's website.
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