CEO and Executive Director Ninad Gadgil steps down

CEO resignedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

WENDT · price

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Price reactionminutes from the announcement price · days from the prior close

+1.1%Reaction day

₹9609.00

prior close

₹9699.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.5%+0.6% vs market

Abrasives & Bearings peers, median of 5sector+0.4%+0.7% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 0.7 pts more than its Abrasives & Bearings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.4

10m

-0.2

15m

-0.4

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.1+0.5+0.6+0.4+0.7

Next day

+0.6+1.2-0.6+2.0-1.4

+0.2+0.9-0.8+0.4-0.2

+0.1+1.3-1.2-1.3+1.5

-1.3+0.6-1.8-0.2-1.1

-2.5+0.3-2.8-0.8-1.7

-5.2-1.1-4.1-2.3-2.9

15d

-7.4-2.6-4.8-5.6-1.8

-7.8-1.9-5.9-6.2-1.6

-14.1-1.0-13.1-1.5-12.5

-14.6-6.7-7.9-10.6-4.0

UpDownMarket · Nifty Microcap 250Sector · Abrasives & Bearings peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ninad Gadgil stepped down as Wendt (India)'s Executive Director and Chief Executive Officer, effective at the close of business on 15 September 2025. This follows an earlier company intimation dated 21 July 2025. The filing gives no reason and does not name a successor.

Likely market impact

The leadership change may create short-term uncertainty around management and strategy because no reason or successor is stated.