Wendt (India) Limited has initiated a postal ballot process seeking shareholder approval for the re-appointment of Mr. Bhagya Chandra Rao as Independent Director. The company dispatched the postal ballot notice on December 16, 2025, to shareholders who have registered their email addresses with the company or its depositories.

Postal Ballot Details

The postal ballot notice dated December 9, 2025 was sent to shareholders whose names appear in the Register of Members as of the cut-off date of December 12, 2025. The notice seeks approval for Mr. Bhagya Chandra Rao's re-appointment as Independent Director for a second term.

E-Voting Timeline

The company has established a comprehensive e-voting schedule for the postal ballot process. Shareholders can cast their votes electronically during the specified period.

Director Profile and Qualifications

Mr. Bhagya Chandra Rao, aged 69 years, brings extensive experience to the board. He is a Mechanical Engineer from Mysore University with over four decades of experience across engineering, automotive, mining, and construction industries. His professional background includes leadership roles at prominent organizations including ANAND group, ABB, WIDIA, IFB Industries, and Sandvik Asia Ltd.

Mr. Rao previously served as Managing Director of Kennametal India Limited for eight years, leading the company through significant expansion. At Sandvik Mining Construction Rock Tools, he was instrumental in global manufacturing footprint expansion and domestic business growth.

Current Directorships and Committee Positions

Mr. Rao currently serves as Independent Director on multiple boards and holds key committee positions:

Other Directorships:

• Shetron Limited
• Suprajit Engineering Limited
• Disa India Limited
• Suprajit USA Inc.

Committee Memberships at Wendt (India) Limited:

• Member - Audit Committee
• Member - Stakeholders Relationship Committee
• Member - Corporate Social Responsibility Committee
• Chairman - Risk Management Committee
• Member - Nomination Remuneration Committee

Remuneration and Performance

For FY 2024-25, Mr. Rao received ₹9.10 lakhs as sitting fees and commission. For FY 2025-26 till the date of notice, he has received ₹7.00 lakhs. He attended all board meetings during FY 2024-25 and FY 2025-26 till date, demonstrating consistent engagement with company affairs.

Regulatory Compliance

The postal ballot process complies with Section 108 and Section 110 of the Companies Act, 2013, along with applicable rules and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has appointed Mr. R Sridharan, Practicing Company Secretary, as Scrutinizer for conducting the postal ballot voting process. National Securities Depository Limited (NSDL) will provide the remote e-voting facility for this postal ballot.

Wendt India Limited , a leading manufacturer of super abrasives, precision components, and special purpose machines, has reported its financial results for the second quarter of fiscal year 2026, revealing a mixed performance amid challenging market conditions.

Standalone Performance

For the quarter ended September 30, 2025, Wendt India reported standalone sales of Rs 4,986.00 lakhs, maintaining similar levels compared to the same period last year. However, the company's standalone profit after tax (PAT) saw a significant decline of 57%, dropping to Rs 455.00 lakhs from Rs 1,050.00 lakhs in Q2 FY25.

The company's domestic sales remained stable at Rs 3,922.00 lakhs, while exports experienced a 5% decrease, reaching Rs 1,064.00 lakhs. Wendt India attributed this decline to volatile geopolitical conditions and reduced demand from key markets such as Indonesia, the UK, and Eastern Europe.

Consolidated Results

On a consolidated basis, Wendt India's performance showed modest growth in sales but a substantial decline in profitability:

Half-Year Performance

For the first half of FY26, Wendt India reported:

Factors Affecting Profitability

The company cited two main factors for the decrease in profitability:

1. Lower mix of machine sales
2. Amortization of the Wendt brand

Segment Performance

Wendt India operates in three primary segments:

1. Super Abrasives
2. Machines and Accessories
3. Precision Products

While specific segment-wise performance details were not provided, the company's overall results suggest challenges in the Machines and Accessories segment, given the mention of a lower mix of machine sales impacting profitability.

Outlook

Despite the challenging quarter, Wendt India's ability to maintain sales levels in a volatile global market environment demonstrates the company's resilience. However, the significant decline in profitability may prompt the company to focus on cost optimization and exploring new growth opportunities in the coming quarters.