Wendt (India) Limited infused THB 46.35 million, approximately INR 13.29 crores, into its wholly owned subsidiary Wendt Grinding Technologies Limited (WGTL) on June 23, 2026. This capital infusion was executed to pay up the unpaid portion of the subsidiary's equity capital, strengthening its financial base in the abrasives industry. The transaction was disclosed to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Background and Structure of the Infusion

WGTL was incorporated on July 19, 2005, with a registered equity capital of THB 103 million. Prior to this infusion, the paid-up capital stood at THB 25.75 million, representing partly paid shares of THB 2.50 per share against a face value of THB 10. The Board of the subsidiary had called for the remaining capital to be paid up in tranches. Consequently, Wendt India paid THB 4.50 per share, aggregating to THB 46.35 million. The balance of THB 3.00 per share is scheduled to be infused in due course.

The transaction is classified as a related party transaction as it involves the company and its wholly owned subsidiary. However, no promoter or promoter group companies hold any interest in the entity beyond the parent company's ownership. The consideration for the acquisition was paid in cash at face value to subscribe to the unpaid equity share capital.

Impact on WGTL's Capital and Operations

Following the infusion, the paid-up equity capital of WGTL increased to THB 72.1 million. The entity focuses on the sales and distribution of coated, bonded, and super abrasives in Thailand. No change in shareholding occurred as a result of this transaction.

Financial Details of Wendt Grinding Technologies Limited

Carborundum Universal Limited, the promoter of Wendt India Ltd, has confirmed that it along with persons acting in concert has not created any encumbrance, directly or indirectly, on the shares of the target company during the financial year 2025-26. This disclosure ensures that the promoter's shareholding remains free from charges, which is a key compliance requirement under market regulations.

The confirmation was submitted in pursuance of Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing serves as a formal declaration to the stock exchanges regarding the status of the promoter's holdings.

Simultaneously, the disclosure was made to the Audit Committee of Wendt India Ltd in accordance with Regulation 31(5)(b) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This ensures that the target company's governance body is informed about the encumbrance status of the promoter's shares.

The letter, dated April 6, 2026, was addressed to the Listing Departments of BSE Limited and the National Stock Exchange of India Ltd. Rekha Surendhiran, Company Secretary of Carborundum Universal Limited, signed the disclosure on behalf of the promoter.