Wendt (India) Limited reported a 40.6% decline in net profit to Rs. 2,275 lakhs for the financial year ended March 31, 2026, compared to Rs. 3,829 lakhs in the previous year. Revenue from operations decreased by 3% to Rs. 20,652 lakhs from Rs. 21,197 lakhs in FY25. The company’s operating EBITDA stood at Rs. 3,984 lakhs, while profit before tax was Rs. 3,048 lakhs.

The board of directors has recommended a final dividend of Rs. 10 per equity share of Rs. 10 each for the financial year ended March 31, 2026. This is in addition to the interim dividend of Rs. 20 per share already paid on February 18, 2026. The total dividend for the year aggregates to Rs. 30 per share. The record date for determining shareholder eligibility for the final dividend is Friday, July 17, 2026.

Financial Performance

The decline in profitability was attributed to degrowth in the machines business, which fell 34% to Rs. 2,902 lakhs, primarily due to delays in obtaining customer clearance for dispatch. However, the Super Abrasives business grew 5% to Rs. 14,763 lakhs, driven by a 9% increase in domestic sales. The Precision Products segment also grew 7% to Rs. 2,987 lakhs.

Corporate Governance

The company has scheduled its 44th Annual General Meeting (AGM) for Friday, July 24, 2026, at 3:00 p.m. IST via video conferencing. The meeting will consider the adoption of financial statements, declaration of dividends, and the re-appointment of Mr. Muthiah Venkatachalam as a director. Shareholders can participate in remote e-voting from July 21 to July 23, 2026.

The board has also ratified the remuneration of Rs. 1,25,000 payable to M/s. B Y & Associates, Cost Auditors, for the financial year 2026-27.

Wendt (India) Limited has submitted its Business Responsibility and Sustainability Report for the financial year 2025-26 to the stock exchanges. The filing, made pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, details the company's performance on environmental, social, and governance parameters. The report covers the period ending March 31, 2026, and was submitted by Arjun Raj P, Company Secretary.

The company reported a turnover of ₹20652 lakhs and a net worth of ₹23185 lakhs for the financial year. Exports accounted for 20% of the total turnover. The disclosure was made on a standalone basis, and the company confirmed that no external assurance was obtained for the report.

Environmental and Operational Performance

Wendt India stated it is a zero-discharge company, having implemented mechanisms such as Effluent Treatment Plants (ETPs) and Sewage Treatment Plants (STPs) to reduce, reuse, and recycle water. The company treats process effluents for reuse in manufacturing and gardening. Additionally, 23 tonnes of aluminium ingots were converted from aluminium turnings during the year through recycling initiatives.

The company reported that it is compliant with all applicable environmental laws, including the Water (Prevention and Control of Pollution) Act and the Air (Prevention and Control of Pollution) Act. It holds a valid consent to operate certificate from the Pollution Control Board. No specific projects related to reducing Green House Gas emissions were undertaken during the year.

Social and Governance Metrics

The company provided detailed statistics on its workforce and social initiatives. The permanent workforce included 205 employees and 309 workers, comprising both permanent and other-than-permanent categories. All employees and workers were covered by health and accident insurance.

The company's Corporate Social Responsibility (CSR) activities focused on education and healthcare in the Krishnagiri and Hosur regions of Tamil Nadu. Initiatives included the construction of classrooms, washrooms, and compound walls, as well as the provision of RO purifiers to schools. The projects benefited 6,209 individuals, with 100% of the beneficiaries belonging to vulnerable and marginalised groups.

Governance and Compliance

Wendt India confirmed that neither the company nor its directors or Key Managerial Personnel faced any fines, penalties, or settlement amounts during the financial year. The company maintains a zero-tolerance policy towards corruption and bribery. An anti-corruption and anti-bribery policy is in place, supported by a Code of Conduct for Directors and Senior Management.

The company has established grievance redressal mechanisms for various stakeholders, including shareholders, employees, and customers. No complaints were reported regarding sexual harassment or human rights violations during the year. The Board of Directors reviews the company's policies regularly to ensure their continued relevance and effectiveness.