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.

Wendt (India) Limited , a prominent player in the Indian manufacturing sector, has taken a significant step in restructuring its shareholding categorization. The company has formally applied to the National Stock Exchange of India Limited (NSE) and BSE Limited for the declassification of Wendt GmbH from the 'Promoter' category.

Application Details

The application, submitted on July 25th, 2025, comes in accordance with Regulation 31A of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations. This move follows earlier correspondence dated June 25th, 2025, and July 21st, 2025, regarding the declassification request.

Current Shareholding Status

Notably, Wendt GmbH, referred to as the 'Outgoing Promoter' in the company's official communication, currently holds no equity shares in Wendt (India) Limited. This zero shareholding status underscores the rationale behind the declassification request.

Regulatory Compliance

In its intimation to the stock exchanges under Regulation 31(A)(8) of SEBI Listing Regulations, Wendt (India) Limited provided the following details:

Company's Statement

Arjun Raj P, Company Secretary of Wendt (India) Limited, signed the official communication to the stock exchanges. The company has requested the exchanges to take this information on record, adhering to the regulatory requirements for such corporate actions.

This move by Wendt (India) Limited represents a significant change in its promoter structure and may have implications for the company's governance and shareholding pattern going forward. Investors and market watchers will likely keep a close eye on further developments related to this declassification process.