Wendt (India) Limited has informed the Exchange regarding 'Approval of the Declassification request from M/s. Wendt GmbH, Germany, Promoter'.
WENDT · price
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Awaiting price reaction for this filing.
Wendt (India) Limited announced three key outcomes from its board meeting on 21st July 2025. First, standalone revenue from operations grew 6% year-on-year to Rs 4,712 lakhs in Q1 FY26, but profit after tax fell 34% to Rs 495 lakhs, mainly due to lower machine sales and brand amortisation costs. Consolidated revenue rose 7% to Rs 5,163 lakhs while consolidated PAT dropped 51% to Rs 378 lakhs. Second, the board approved the declassification of M/s. Wendt GmbH, Germany as a promoter after they completely sold their entire stake in the company on 15-16 May 2025; this still needs no-objection from stock exchanges. Third, Executive Director and CEO Mr. Ninad Gadgil will step down effective 15 September 2025 to pursue opportunities outside the company.
Short-term investors may react negatively to the 34-51% drop in profits despite revenue growth, but the promoter exit was already priced in. The CEO change adds some near-term uncertainty around leadership transition, though the company remains part of the diversified Murugappa Group.