Wendt (India) Limited has informed the Exchange regarding Notice of Postal Ballot
WENDT · price
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Wendt (India) Limited has dispatched a Postal Ballot Notice to shareholders seeking approval for the appointment of Mr. Amit Ingale (DIN: 08424412) as Executive Director & Chief Executive Officer for a five-year term starting 19th January 2026. Mr. Ingale, aged 48, is a B.E. in Industrial & Production Engineering with over two decades of automotive industry experience at companies like General Motors India, Grindwell Norton, Bosch, and ENNOVI Mobility Solution. His starting salary is Rs. 3.5 lakh per month (with a maximum ceiling of Rs. 10.5 lakh per month), plus allowances, perquisites, and incentive/commission capped at 25% of annual pay. The e-voting window runs from 25th February 2026 to 26th March 2026, with results to be declared on or before 30th March 2026. Mr. Ingale holds no shares in the company and has no other directorships.
This is a routine governance action to formalize the Board's earlier appointment of a new CEO through shareholder approval, as required by law. No material financial impact or change in shareholding structure is implied; shareholders only need to vote on the resolution during the e-voting window.