Wendt (India) Limited has initiated a postal ballot process to obtain shareholder approval for the appointment of Mr. Amit Ingale as Executive Director and Chief Executive Officer. The company dispatched the postal ballot notice on February 24th, 2026, to shareholders whose email addresses are registered with the company or depositories.

Executive Director Appointment Details

The Board of Directors, based on recommendations from the Nomination and Remuneration Committee, appointed Mr. Amit Ingale (DIN: 08424412) as Executive Director and CEO effective January 19th, 2026. The appointment requires shareholder approval under Section 196 of the Companies Act, 2013, and SEBI Listing Regulations.

Remuneration Structure

The proposed remuneration package for Mr. Ingale includes multiple components structured to align with company performance and regulatory requirements.

Salary and Benefits

The remuneration structure encompasses salary, allowances, perquisites, and performance-based incentives. Allowances include leave travel allowance, personal allowance, and special allowances. Perquisites cover accommodation, medical expenses, club fees, and vehicle provisions. Retirement benefits include contributions to Provident Fund, Superannuation Fund, National Pension Scheme, and gratuity as per company rules.

Professional Background

Mr. Amit Ingale brings over two decades of automotive industry experience across multiple organizations. He holds a Bachelor of Engineering in Industrial & Production Engineering from Visvesvaraiah Technological University, Karnataka. His professional journey includes roles at General Motors India Pvt. Ltd., Grindwell Norton Limited, Bosch Limited, and ENNOVI Mobility Solution India Pvt. Ltd.

His expertise spans System Engineering, Product Management, Strategic Marketing, Key Account Management, and Business Development. As Managing Director of ENNOVI Mobility Solution India Pvt. Ltd., he led teams in precision stamping, precious metal plating, insert-molded parts, customized connectors, and battery interconnects for electric vehicles.

Voting Process and Timeline

The company has engaged National Securities Depository Limited (NSDL) for the remote e-voting facility. Mr. R Sridharan, Practicing Company Secretary, has been appointed as Scrutiniser for the postal ballot process.

Shareholders whose names appear in the Register of Members or list of Beneficial Owners as of the cut-off date are eligible to vote. The postal ballot notice has been dispatched electronically to registered email addresses, with physical copies not being sent in compliance with MCA circulars.

Regulatory Compliance

The appointment follows regulatory requirements under the Companies Act, 2013, and SEBI Listing Regulations. The resolution seeks approval as an Ordinary Resolution, requiring simple majority consent from voting shareholders. Results will be communicated to stock exchanges and made available on the company website at www.wendtindia.com .

The company has confirmed that Mr. Ingale meets all eligibility criteria and has provided necessary declarations regarding disqualification provisions. No other directors or key managerial personnel have any interest in the proposed resolution except Mr. Ingale as the appointee.

Wendt India has announced the declaration of an interim dividend of ₹20.00 per share for its shareholders. This dividend announcement represents the company's commitment to providing regular returns to its investor base during the current financial period.

Dividend Declaration Details

The company has formally declared the interim dividend payment, which will benefit all eligible shareholders. The following table summarizes the key dividend information:

Shareholder Impact

The interim dividend declaration of ₹20.00 per share demonstrates Wendt India's financial stability and its focus on returning value to shareholders. Interim dividends are typically paid during the financial year, separate from the final dividend that may be declared at the end of the fiscal year.

This dividend payment will provide immediate returns to shareholders while the company continues its operations for the remainder of the financial period. The declaration reflects the company's confidence in its cash flow position and ability to reward shareholders for their investment.