Wendt (India) Limited — Others, 28-06-2025: Shareholders meeting

Wendt (India) Limited has announced a board meeting on 21st July 2025 to consider the financial results for the quarter and half-year and other business, including declaration of a final dividend of Rs. 20 per share for FY25. An interim dividend of Rs. 30 per share was paid earlier, totaling Rs. 50 per share for the year. The board recommends re-appointment of Mr. Sridharan Rangarajan as Director and approval of M/s Sridharan & Sridharan Associates as Secretarial Auditors for five years. The Cost Auditor M/s B Y & Associates is re-appointed for FY26 with a 10% fee increase to Rs. 1.10 lakhs.

For FY25, standalone revenue grew 3% to Rs. 211.97 Cr, with EBITDA at Rs. 51.12 Cr (24% margin). Profit after tax stood at Rs. 38.29 Cr (18% margin) with EPS of Rs. 191.46. Domestic sales grew 7% while export sales declined 12%. The company continues to invest in R&D, spending Rs. 5.56 Cr (2.62% of turnover). The consolidated financials show similar trends with revenues of Rs. 231.14 Cr and PAT of Rs. 39.48 Cr. The company acquired the global “Wendt” trademark during the year for Rs. 35.08 Cr, amortized over 10 years.

Operationally, Wendt reported growth in domestic Super Abrasives sales (+9%), with export challenges due to geopolitical and supply chain factors impacting machine tool sales (down 8%). The company is enhancing digital and cybersecurity infrastructure and focusing on supply chain resilience and cost optimization. ESG efforts include significant CSR spend of Rs. 94.3 lakhs (92% on education) and initiatives in safety, health, and environmental sustainability.

The board comprises six directors: three independent (including a woman director) and three non-independent directors. Mr. Ninad Gadgil was appointed Executive Director and CEO in May 2024, succeeding Mr. C Srikanth. Mr. Bhagya Chandra Rao was appointed Chairman in July 2024. The company maintains high standards of corporate governance, compliance, and internal controls, with audits confirming sound financial reporting and risk management systems.

Related party transactions with promoters and group companies were at arm’s length and approved by the Audit Committee and shareholders. No material litigations or regulatory non-compliance noted. Share capital remains at 20 lakh equity shares of Rs. 10 each, with promoters holding 75%. The company maintains robust dividend distribution, with both interim and final dividends paid/declared.

In summary, Wendt (India) Limited delivered steady financial performance with moderate revenue growth and strong profitability, continued investment in technological capabilities, strengthening governance, and proactive management of market and operational challenges benefiting long-term shareholders.