Wakefit Innovations Holds 10th AGM on Sep 09, 2026; FY26 Revenue ₹1,489 Crore
Wakefit Innovations Limited held its 10th AGM on September 9, 2026. FY26 revenue reached ₹1,488.9 Crores with EBITDA of ₹181.96 Crores (12.2% margin) and PAT of ₹91.1 Crores. The company expanded to 139 stores. Key agenda items included adopting FY26 financials, director re-appointment, and appointing secretarial auditors.
The AGM summary provides an update on the company's financial performance for the previous fiscal year and outlines future plans, which is important for investors.
The announcement is a factual summary of an AGM, detailing financial performance and business updates without presenting new positive or negative developments.
Wakefit Innovations Limited held its 10th Annual General Meeting (AGM) on September 09, 2026, commencing at 11:00 a.m. IST, through Video Conferencing (VC).
The meeting, attended by 46 members, commenced with the Chairperson, Mr. Ankit Garg, welcoming attendees and introducing the Directors, Key Managerial Personnel, and representatives from BSR & Co. LLP (Statutory Auditors) and M/s. BMP & Co LLP (Secretarial Auditor & Scrutinizer).
The Company Secretary, Ms. Surbhi Sharma, provided instructions regarding the VC meeting, remote e-voting via National Securities Depositories Limited (NSDL), and informed that the annual report for FY 2025-26 was previously circulated. The statutory registers were available for inspection, and the facility for appointing proxies was dispensed with for this virtual meeting.
During the Chairperson's address, he highlighted the company's transition to a publicly listed entity, its growth as a leading home and furnishing brand, and opportunities in the Indian market. He reported the company's FY 2025-2026 performance, including a record annual operating revenue of ₹1,488.9 Crores, Reported EBITDA of ₹181.96 Crores (12.2% margin), and Profit After Tax (PAT) of ₹91.1 Crores. The company also expanded its store count to 139 COCO stores across 76 cities by March 2026, with a net addition of 34 stores in FY26. The focus on sustainability, product innovation, technology, customer experience, and expanding furniture and home solutions was emphasized. He also mentioned the expansion of the Memorandum of Association clauses to explore adjacent opportunities.
The agenda included three business items: adoption of the Audited Financial Statements for the year ended March 31, 2026, the re-appointment of Mr. Chaitanya Ramalingegowda who retires by rotation, and the appointment of Secretarial Auditors for a five-year term starting FY 2026-27.
Mr. Pramod S M was appointed as the Scrutinizer, and the results of the e-voting were to be announced on or before September 11, 2026. Shareholders had the opportunity to ask questions, and management provided answers. The e-voting facility remained open for 15 minutes post the Q&A session. The meeting concluded at 12:06 PM IST.
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Wakefit Innovations Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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