Wendt (India) Limited has announced the opening of a special window for shareholders to facilitate the re-lodgement of transfer requests for physical shares, in compliance with Securities and Exchange Board of India (SEBI) regulations. The company published newspaper advertisements in Business Standard (English) and Vijaya Karnataka (Kannada) on April 1, 2026, informing shareholders about this important facility.

Special Window Details

The special window will remain open for a period of one year, from February 9, 2026 to February 4, 2027. This facility has been made available following SEBI circular dated January 30, 2026, which permits the re-lodgement of physical share transfer requests that were submitted before April 1, 2019.

Eligibility Criteria

The facility is specifically designed for investors who purchased or held physical shares of Wendt (India) Limited in physical form prior to April 1, 2019. The company has provided a detailed eligibility matrix to help shareholders understand their qualification status.

Transfer Process and Requirements

All transfer requests received during this special window will be processed through the transfer-cum-demat mode. This means shares will be issued only in dematerialised form after approval of the transfer, and will be subject to a lock-in period of one year from the date of transfer.

Shareholders must have a demat account and provide the Client Master List along with transfer documents, original share certificates, and other necessary documentation as specified in the SEBI circular.

Exclusions and Limitations

Certain cases will not be considered under this special window:

• Cases involving disputes between transferor and transferee
• Securities that have been transferred to Investor Education and Protection Fund (IEPF)
• Requests without proper documentation or original certificates

Contact Information

Eligible shareholders can submit their transfer requests to the company's Registrar and Transfer Agent, KFintech Technologies Limited. The contact person is Ms. Krishna Priya Madhula, Senior Manager, located at Selenium Building, Tower-5, Plot No. 31 & 32, Financial District, Narayanapura, Serilingampally Hyderabad, Telangana - 500032.

For additional assistance, shareholders can contact the company directly at investorservices@wendindia.com or visit the company's website at www.wendindia.com for detailed information about the special window facility.

Company Communication

The notification was signed by P Arjun Raj, Company Secretary of Wendt (India) Limited, and was digitally signed on April 1, 2026. The company has urged all shareholders who previously submitted transfer requests and are yet to receive their dematerialised shares due to pending deficiencies to make use of this special window for their benefit.

Wendt (India) Limited has been penalized by both BSE and NSE for non-compliance with board composition requirements, receiving fines totaling Rs 1.89 lakh for the quarter ended December 31, 2025. The company disclosed this development through a board communication dated March 3, 2026, explaining the circumstances that led to the regulatory breach.

Fine Details and Regulatory Breach

The stock exchanges imposed penalties under Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, relating to minimum board composition requirements. The fine structure is identical across both exchanges:

The non-compliance period lasted 34 days, from December 16, 2025, to December 31, 2025, during which the company operated with five directors instead of the mandated minimum of six.

Background of Board Composition Issue

The compliance breach originated when Ninad Gadgil stepped down as Executive Director & Chief Executive Officer on September 15, 2025. This departure reduced the board composition to five directors, falling short of the minimum requirement of six directors under the listing regulations. The company had a deadline of December 15, 2025, to fill the vacancy and restore compliance.

The board had acknowledged the compliance requirements and discussed remedial steps during meetings held on July 21, 2025, and January 19, 2026. However, the specialized nature of the company's business operations complicated the recruitment process.

CEO Appointment Process and Challenges

Wendt India operates in the manufacture of high-precision grinding, honing and super-abrasive tools (Diamond & CBN) and CNC machines. The technical complexity of the business necessitated additional time to identify a suitable candidate with requisite expertise and experience in the engineering sector.

The board explained that the vacancy could only be filled by appointing a new CEO and Executive Director, requiring a comprehensive evaluation process including:

• Assessment of multiple potential candidates
• Shortlisting and selection procedures
• Offer discussions and acceptance formalities
• Due diligence for technical expertise requirements

Amit Ingale was eventually appointed as Executive Director & CEO on January 19, 2026, after completing all requisite formalities, restoring the board to full compliance.

Board Response and Waiver Application

The board expressed its view that the additional 34 days taken in the appointment process was not significant considering the critical nature of the CEO position. The directors emphasized that the delay was unintentional and resulted from the imperative to appoint the right candidate to lead the company effectively.

At its meeting held on March 3, 2026, the board approved seeking a waiver of the fine levied by both stock exchanges for the period from December 16, 2025, to December 31, 2025. The company plans to submit its response and waiver application following the prescribed procedures of BSE and NSE.

The board reaffirmed its commitment to strong governance and regulatory adherence, stating that the compliance breach was addressed not only in letter but in spirit by ensuring the appointment of a qualified leader for the organization.

Source: None/Company/INE274C01019/13b75e34-43cf-472b-8364-65d2f0bb7f64.pdf