Wendt (India) Limited shareholders approved a total dividend payout of ₹30 per equity share during the company's 44th Annual General Meeting (AGM) held on July 24, 2026. The Board of Directors declared a final dividend of ₹10 per equity share of ₹10 each for the financial year 2025-26, in addition to confirming an interim dividend of ₹20 per equity share already paid. The meeting, conducted via Video Conferencing or Other Audio Visual Means (VC/OAVM), also addressed key governance matters including the adoption of audited financial statements and the re-appointment of a retiring director.

The AGM was chaired by Mr. Bhagya Chandra Rao, Chairman, who welcomed members and introduced senior management, including Executive Director & Chief Executive Officer Mr. Amit Ingale. The requisite quorum was present, allowing the meeting to proceed with the transaction of business as outlined in the notice dated April 24, 2026. In compliance with Regulation 36 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company provided electronic access to the Annual Report for FY25-26 and the AGM notice to demat holders, while physical copies were dispatched to those who specifically requested them.

Shareholders exercised their voting rights through remote e-voting as permitted under Regulation 44 of the Listing Regulations and the Companies Act, 2013. For those unable to vote remotely, electronic voting facilities were available during the VC/OAVM session. Mr. R Sridharan of M/s. R Sridharan and Associates, Practising Company Secretary, was appointed as the Scrutiniser to oversee the voting process. The Chairman informed members that e-voting results would be declared within two working days and made available on the company’s website and stock exchanges.

Key resolutions passed at the meeting included the adoption of both standalone and consolidated audited financial statements for the year ended March 31, 2026. The Auditors' report and Secretarial Audit Report contained no qualifications or adverse observations regarding financial transactions or company functioning. Additionally, shareholders ratified the remuneration of ₹1,25,000 per annum, excluding taxes and out-of-pocket expenses, payable to M/s. B Y & Associates, Cost Accountants, for conducting the cost audit for FY26-27.

Key Resolutions Passed

The meeting concluded at 04:50 p.m. after addressing questions from registered speakers. Shareholders who had submitted queries prior to the meeting but did not attend were informed that responses would be sent post-meeting. The proceedings reflect standard corporate governance practices, with no material disclosures indicating commingling of funds, monitoring gaps, or implementation delays noted in the filing.

Wendt India reported a 62% year-on-year increase in standalone profit after tax (PAT) to ₹800 lakh for the quarter ended June 30, 2026, driven by robust domestic demand in key user industries. The company’s standalone revenue from operations expanded by 31% to ₹6,123 lakh, with domestic sales rising 38% while exports grew by 7%. This performance signals sustained momentum into the new fiscal year, supported by higher off-take in auto, auto ancillaries, blades, bearings, and ceramics sectors.

The Board of Directors approved the unaudited financial results at a meeting held on July 24, 2026. The results were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory auditors Price Waterhouse Chartered Accountants LLP conducted a limited review of both standalone and consolidated financial statements, issuing an unmodified conclusion on the interim financial information.

Financial Highlights

Standalone revenue from operations stood at ₹6,123 lakh compared to ₹4,712 lakh in Q1FY26. Profit before tax (PBT) increased by 60% to ₹1,057 lakh. On a consolidated basis, total group sales surged 37% to ₹7,093 lakh, with consolidated PAT increasing by 63% to ₹618 lakh. The consolidated EBITDA improved to ₹110M from ₹73M year-on-year, with the EBITDA margin expanding to 15.51% from 13.95%.

Segment Performance

The Super Abrasives segment remained the primary revenue contributor, with standalone segment revenue reaching ₹4,152 lakh, up from ₹3,596 lakh in the corresponding quarter. The Machines and Accessories segment saw significant standalone revenue growth to ₹1,168 lakh from ₹433 lakh year-ago. However, this unit reported a consolidated loss of ₹149 lakh, an improvement from a loss of ₹330 lakh in Q1FY26. Precision Components revenue remained stable at ₹757 lakh on a standalone basis.

Consolidated results include contributions from wholly owned subsidiaries Wendt Grinding Technologies Ltd, Thailand, and Wendt GmbH, Germany. These foreign subsidiaries reported total revenue of ₹1,137 lakh but incurred a net loss after tax of ₹139 lakh for the quarter. Export growth was fueled by increased demand from the US, Singapore, Thailand, Canada, Australia, and Spain.

What the Numbers Show

A notable divergence exists between standalone and consolidated profitability margins. While standalone PBT margin was approximately 17.30% (₹1,057 lakh PBT on ₹6,123 lakh revenue), consolidated PBT margin was lower at roughly 12.50% (₹894 lakh PBT on ₹7,128 lakh revenue). This gap is largely attributable to losses incurred by foreign subsidiaries, which weighed down group profitability despite strong top-line growth. The improvement in the Machines and Accessories segment’s loss position suggests ongoing cost controls are taking effect, even if full profitability has not yet been restored in that unit.