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.

Wendt (India) Limited has informed stock exchanges about an upcoming board meeting scheduled for January 21, 2026. The meeting will focus on reviewing the company's quarterly financial performance and considering shareholder returns through dividend distribution.

Board Meeting Agenda

The primary agenda items for the board meeting include comprehensive review of business performance and shareholder value creation initiatives.

Regulatory Compliance

The company has issued this intimation in accordance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about board meetings where financial results or dividend proposals will be considered.

Dividend Consideration

The board will evaluate an interim dividend proposal for the current financial year 2025-26. This consideration reflects the company's approach to sharing profits with shareholders during the ongoing fiscal year, subject to the company's financial performance and cash flow position.

Market Communication

The formal communication was signed by Arjun Raj P, Company Secretary, and sent to both major Indian stock exchanges. The company maintains its listing presence on BSE Limited with stock code 505412 and National Stock Exchange of India Limited with stock code WENDT.

Investors and market participants will await the outcome of this board meeting to assess the company's quarterly performance and potential dividend distribution for the current financial year.