Wendt India Limited has reported strong financial results for the third quarter, with revenue reaching ₹608.00 million compared to ₹534.00 million in the same quarter of the previous year. This performance represents a notable year-on-year growth of 13.9%, reflecting positive business momentum.

Quarterly Financial Performance

The company's revenue performance demonstrates consistent growth trajectory, with the latest quarter showing substantial improvement over the corresponding period last year. The increase of ₹74.00 million in absolute terms indicates strong operational execution and market demand.

Business Performance Analysis

The revenue growth of 13.9% year-on-year suggests that Wendt India Limited has maintained its competitive position in the market. The company's ability to generate higher revenues compared to the previous year indicates effective business strategies and operational efficiency.

The quarterly results reflect the company's ongoing efforts to expand its market presence and capitalize on business opportunities. This performance provides a positive indicator of the company's financial health and operational capabilities during the reporting period.

Wendt (India) Limited has announced the appointment of Mr. Amit Ingale as its new Executive Director and Chief Executive Officer under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment represents a strategic leadership transition for the capital goods company as it brings in extensive automotive industry expertise.

Leadership Appointment Details

The Board of Directors approved the appointment at their meeting held on January 19, 2026, with the meeting commencing at 02:20 p.m. and concluding at 02:35 p.m. The appointment has been structured with specific governance requirements and regulatory compliance measures.

Professional Background and Qualifications

Mr. Amit Ingale, aged 48 years, holds a Bachelor of Engineering in Industrial & Production Engineering from Visveswaraiah Technological University, Karnataka. He brings over two decades of comprehensive experience in the automotive industry across multiple functional areas.

His professional journey spans various leadership roles at prominent organizations:

Regulatory Compliance and Governance

The appointment follows proper corporate governance protocols with approval from the Nomination and Remuneration Committee prior to the Board meeting. As per Section 196 of the Companies Act, 2013, and Regulation 17(1C) of SEBI Listing Regulations, shareholder approval is required for Executive Director appointments.

The company has confirmed that Mr. Ingale is not related to any existing Director and is not debarred from holding directorial positions by SEBI or any other regulatory authority. The Board has recommended seeking shareholder approval through postal ballot for the five-year appointment term.

Strategic Implications

Mr. Ingale's appointment as both Executive Director and Key Managerial Personnel under Section 203 of the Companies Act, 2013, positions Wendt India to leverage his extensive automotive sector experience. His background in system engineering, product management, strategic marketing, and business development aligns with the company's operational requirements in the capital goods sector.

The five-year term provides operational stability and enables long-term strategic planning for the organization's growth trajectory in the competitive capital goods market.