Wendt (India) Limited — Board Meeting, 21-07-2025: Outcome of Board Meeting

WENDT (INDIA) has announced the outcome of its board meeting. The company reported Q1 consolidated sales of Rs 51.63 Cr, up 7% YoY. However, consolidated PAT dropped 51% YoY to Rs 3.78 Cr, mainly due to lower machine sales orders and brand amortization. The Board approved the declassification of Wendt GmbH (Germany) as a promoter following their stake sale. Additionally, CEO Ninad Gadgil is stepping down on September 15th. A new wholly-owned subsidiary, Wendt GmbH, Germany, for sales and service support, incurred an initial loss of Rs 1.39 Cr.