The trend has it that the waitlist movement for IIM Kozhikode can go till 100 so there are healthy chances of conversion at WL 26. Most of the IIMs and other B-Schools that par with or better than IIM K have not released their merit lists. Once that is done, the waitlist movement is supposed to gain momentum. You can expect 0-5 movement in the next few lists but hang tight. 26 is a convertible waitlist number.