Wendt India Limited has removed the senior management designation of two key executives, Thiyagarajan R and Sanjaya S C, effective July 24, 2026. The company name disclosed the change to the Bombay Stock Exchange and the National Stock Exchange of India Limited, citing a restructuring of its internal reporting hierarchy as the primary driver for the administrative adjustment. Despite the removal from the senior management cadre defined under listing regulations, both individuals continue their employment with the company in their respective functional roles.

The disclosure was made pursuant to Regulation 30 read with Schedule III, Part A, Para A (7) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in its filing. The notice was signed by Arjun Raj P, Company Secretary, and digitally executed on July 24, 2026.

Personnel Affected

The following officials were previously designated as senior management but have had this status withdrawn:

According to Annexure A of the disclosure, the term of appointment is not applicable as this is a cessation of designation rather than an appointment or resignation. The company clarified that the reason for the change is strictly organizational, with no implication of resignation, removal, or death.

Regulatory Compliance Details

The filing adheres to the specific requirements laid out in the Listing Regulations regarding changes in senior management personnel. The company confirmed that no relationships between directors require disclosure in this instance, as the affected individuals are not directors. Furthermore, the information required pursuant to BSE Circular LIST/COMP/14/2018-19 and NSE Circular NSE/CML/2018/24, both dated June 20, 2018, was marked as not applicable for this specific type of structural change.

This administrative update ensures that Wendt India’s public disclosures accurately reflect its current internal governance structure while maintaining transparency with investors regarding the composition of its senior leadership team.

Wendt India reported a 62% year-on-year jump in standalone profit after tax (PAT) to ₹800 lakh for the quarter ended June 30, 2026, driven by robust demand across domestic and export markets. The company's standalone revenue from operations expanded by 31% to ₹6,123 lakh, with domestic sales rising 38% and exports growing 7%. Consolidated PAT increased by 63% to ₹618 lakh, as total group sales surged 37% to ₹7,093 lakh. The Board of Directors approved the unaudited financial results at a meeting held on July 24, 2026, following a limited review by statutory auditors Price Waterhouse Chartered Accountants LLP.

The financial performance was underpinned by higher off-take from key user industries including auto, auto ancillaries, blades, bearings, and ceramics. Export growth was fueled by increased demand from countries such as the US, Singapore, Thailand, Canada, Australia, and Spain. On a sequential basis, standalone sales rose 7% quarter-on-quarter, while consolidated sales grew 8%, indicating sustained momentum into the new fiscal year.

Financial Highlights

The following table summarises the key standalone and consolidated financial metrics for the quarter:

Segment Performance

The Super Abrasives segment remained the primary contributor to revenue and profitability. Standalone segment revenue for Super Abrasives stood at ₹4,152 lakh, up from ₹3,596 lakh in the corresponding quarter of the previous year. The Machines and Accessories segment saw significant growth, with standalone revenue jumping to ₹1,168 lakh from ₹433 lakh year-ago. However, this segment reported a consolidated loss of ₹149 lakh, compared to a loss of ₹330 lakh in Q1FY26, showing improvement in operational efficiency.

Precision Components revenue remained relatively stable at ₹757 lakh on a standalone basis. The 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.

What the Numbers Show

A notable divergence exists between standalone and consolidated profitability margins. While standalone PAT grew 62%, consolidated PAT growth was slightly higher at 63%, yet the absolute margin compression is visible when comparing the two structures. The standalone profit before tax was ₹1,057 lakh against revenue of ₹6,123 lakh, yielding a PBT margin of approximately 17.30%. In contrast, consolidated PBT was ₹894 lakh on revenue of ₹7,128 lakh, resulting in a lower PBT margin of roughly 12.50%.

On the operating profitability front, consolidated EBITDA improved to ₹110M from ₹73M year-on-year, with the EBITDA margin expanding to 15.51% from 13.95%, reflecting stronger operating leverage and cost efficiencies at the group level. This gap in overall margins is largely attributable to the losses incurred by the foreign subsidiaries, which weighed down the group's overall profitability despite strong top-line growth across all segments. The improvement in the Machines and Accessories segment's loss position suggests that ongoing cost controls or volume efficiencies are beginning to take effect, even if full profitability has not yet been restored in that unit.