Wendt (India) Limited — Updates, 21-07-2025: Press Release

Wendt (India) Limited's board approved its financial results for the quarter. Standalone sales were ₹46.49 Cr with PAT at ₹4.95 Cr, down 34% YoY, impacted by lower machine sales in steel projects and brand amortization. Consolidated sales reached ₹51.63 Cr, with PAT at ₹3.78 Cr, a 51% YoY decrease. Further, Wendt GmbH, Germany, a promoter, will be declassified following its full stake divestment. The new German subsidiary incurred an initial loss of ₹1.39 Cr. Mr. Ninad Gadgil, Executive Director and CEO, is stepping down on September 15, 2025, for external career prospects.