Wendt (India) Limited , a leading manufacturer of super abrasives and precision components, has announced a significant change in its ownership structure. Both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have granted approval for the declassification of Wendt GmbH from the 'Promoter' category.

Exchange Approvals

The company received formal approval letters from both major Indian stock exchanges on September 22, 2025:

• NSE issued approval letter NSE/LIST/COMP/WENDT/500/2025-2026
• BSE issued approval letter LIST/COMP/AJ/463/2025-26

These approvals mark the culmination of a process that began earlier in the year, with the company's initial correspondence regarding the declassification dating back to June and July 2025.

Implications of Declassification

The declassification of Wendt GmbH from the 'Promoter' category represents a notable shift in Wendt (India) Limited's ownership structure. This change could potentially impact the company's governance and shareholding patterns, although the specific implications were not detailed in the announcement.

Company's Official Statement

In an official communication to the stock exchanges, P Arjun Raj, Company Secretary of Wendt (India) Limited, stated:

"We wish to inform you that National Stock Exchange of India Limited ("NSE") and BSE Limited ("BSE") have granted their respective no-objection for the declassification of the Outgoing Promoter viz., M/s. Wendt GmbH from 'Promoter Category'."

Background

Wendt (India) Limited, with its registered office in Bangalore and manufacturing facilities in Hosur, Tamil Nadu, is known for its super abrasives and precision components. The company has been navigating this change in its promoter structure over the past few months.

While the full impact of this declassification remains to be seen, it marks a significant corporate action for Wendt (India) Limited. Investors and market watchers will likely keep a close eye on any subsequent changes in the company's operations or strategic direction following this development.

Wendt (India) Limited , a prominent player in the industrial abrasives sector, is undergoing significant changes in its top management. The company has announced the departure of two key executives.

CEO Transition

Ninad Gadgil has stepped down from his positions as Executive Director and Chief Executive Officer of Wendt (India) Limited, effective September 15, 2025. This move comes as no surprise to the market, as the company had previously intimated this development on July 21, 2025.

Human Resources Leadership Change

In a simultaneous development, the company also announced the departure of Satheesh C, who has been heading the Human Resources function. Satheesh, categorized as a Senior Management Personnel, will be leaving the company at the close of business hours on September 15, 2025, to pursue career prospects outside the organization.

Company's Official Communication

Arjun Raj P, Company Secretary of Wendt (India) Limited, issued official communications regarding these changes. The company has complied with the necessary regulatory requirements, including those under Regulation 30 of the SEBI Listing Regulations.

Impact and Future Outlook

These simultaneous departures of two senior executives mark a significant transition period for Wendt (India) Limited. The company has not yet announced successors for either position, leaving investors and industry watchers keen to see how these changes will shape the future direction of the organization.

Wendt (India) Limited, with its registered office in Bangalore and manufacturing facilities in Hosur, Tamil Nadu, is known for its super abrasives, grinding wheels, and precision components. As the company navigates this leadership transition, stakeholders will be closely monitoring its performance and any potential shifts in strategy.

The market's reaction to these changes and the company's plans for filling these crucial positions will be key factors to watch in the coming weeks.