Wendt (India) Limited

The foreign promoter divested a total of 7.5 lakh equity shares, representing 37.5% of Wendt (India)'s paid-up equity capital. The base offer involved 6 lakh shares (30% stake), with an additional oversubscription option of 1.5 lakh shares (7.5%). The OFS was conducted in two phases: it opened for non-retail investors on 15 May 2025 and for retail investors on 16 May 2025. The floor price was set at Rs 6,500 per share, representing a 37.90% discount to the stock's closing price of Rs 10,467.65 on 14 May 2025. As of March 2025, Wendt (India)'s promoter holding stood at 75%, split equally between Wendt GmbH and Carborundum Universal, each holding 37.5%. On Day 1 (T-day), by 3:30 p.m., the OFS received bids totaling 23,53,852 shares, amounting to 435.90% subscription of the base non-retail offer size of 5,40,000 shares. On Day 2 (T+1 day), by 3:30 p.m., the retail portion of the OFS was subscribed 790.40%, with bids received for 4,74,237 shares against the base offer size of 60,000 shares. Wendt India is engaged in manufacturing, selling and servicing of super abrasives, high precision grinding, honing, special purpose machines and high precision components. The company's consolidated net profit fell 3.66% to Rs 12.89 crore while net sales rose 7.87% to Rs 74.94 crore in Q4 March 2025 over Q4 March 2024. Powered by Capital Market - Live

The foreign promoter is set to offload up to 600,000 equity shares (30% stake), with an option to sell an additional 150,000 shares (7.5%) if oversubscribed. This could take the total divestment to 750,000 shares, representing 37.5% of Wendt (India)'s paid-up equity. The OFS opened for non-retail investors today, 15 May 2025 and will open for retail investors on Friday, 16 May 2025. The floor price for the offer has been set at Rs 6,500 per equity share, a steep 37.90% discount to the last closing price of Rs 10,467.65 on BSE. As of March 2025, the total promoter holding in the company stood at 75%, split equally between Wendt GmbH and Carborundum Universal (37.5% each). By 3:30 p.m. on T Day, the OFS saw massive interest, with subscriptions hitting 435.90% of the base non-retail offer size (5,40,000 shares). A total of 23,53,852 bids were received, signaling strong institutional appetite. Wendt India is engaged in manufacturing, selling and servicing of super abrasives, high precision grinding, honing, special purpose machines and high precision components. The company's consolidated net profit fell 3.66% to Rs 12.89 crore while net sales rose 7.87% to Rs 74.94 crore in Q4 March 2025 over Q4 March 2024. Powered by Capital Market - Live

Modern Threads (I) Ltd, Muthoot Capital Services Ltd, Ratnabhumi Developers Ltd and Coastal Corporation Ltd are among the other losers in the BSE's 'B' group today, 15 May 2025.Wendt India Ltd tumbled 14.21% to Rs 8980.6 at 14:32 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 7032 shares were traded on the counter so far as against the average daily volumes of 70 shares in the past one month.Modern Threads (I) Ltd crashed 8.09% to Rs 41.33. The stock was the second biggest loser in 'B' group.On the BSE, 164 shares were traded on the counter so far as against the average daily volumes of 880 shares in the past one month.Muthoot Capital Services Ltd lost 7.99% to Rs 269.95. The stock was the third biggest loser in 'B' group.On the BSE, 17298 shares were traded on the counter so far as against the average daily volumes of 4484 shares in the past one month.Ratnabhumi Developers Ltd slipped 7.56% to Rs 89.3. The stock was the fourth biggest loser in 'B' group.On the BSE, 115 shares were traded on the counter so far as against the average daily volumes of 30242 shares in the past one month.Coastal Corporation Ltd fell 7.45% to Rs 37. The stock was the fifth biggest loser in 'B' group.On the BSE, 34185 shares were traded on the counter so far as against the average daily volumes of 7137 shares in the past one month.Powered by Capital Market - Live

Wendt India announced that the Annual General Meeting(AGM) of the company will be held on 21 July 2025.Powered by Capital Market - Live

Net profit of Wendt India declined 3.66% to Rs 12.89 crore in the quarter ended March 2025 as against Rs 13.38 crore during the previous quarter ended March 2024. Sales rose 7.87% to Rs 74.94 crore in the quarter ended March 2025 as against Rs 69.47 crore during the previous quarter ended March 2024. For the full year,net profit declined 3.59% to Rs 39.48 crore in the year ended March 2025 as against Rs 40.95 crore during the previous year ended March 2024. Sales rose 2.81% to Rs 231.14 crore in the year ended March 2025 as against Rs 224.82 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales74.9469.47 8 231.14224.82 3 OPM %24.4925.23 -22.7524.75 - PBDT20.4519.35 6 61.3062.76 -2 PBT17.1517.09 0 51.2354.21 -5 NP12.8913.38 -4 39.4840.95 -4 Powered by Capital Market - Live

Wendt India announced that the Board of Directors of the Company at its meeting held on 23 April 2025, has recommended a Final dividend of Rs.20 per share (i.e.200%), subject to the approval of the shareholders.Powered by Capital Market - Live

Wendt India will hold a meeting of the Board of Directors of the Company on 23 April 2025.Powered by Capital Market - Live

The frontline indices traded with moderate losses in early-afternoon trade as market sentiment was weighed down by US President Donald Trump's decision to implement tariffs on Canada and Mexico starting today, along with Canada's retaliatory tariffs on US goods. The Nifty traded below the 22,100 level. Auto shares declined after advancing in the past trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex, fell 162.28 points or 0.22% to 72,923.66. The Nifty 50 index lost 47 points or 0.21% to 22,072.30. In the broader market, the S&P BSE Mid-Cap index shed 0.01%, and the S&P BSE Small-Cap index added 0.98%. The market breadth was positive. On the BSE, 2,183 shares rose and 1,605 shares fell. A total of 155 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.21% to 13.73. The Nifty 27 March 2025 futures were trading at 22,175.80, at a premium of 103.5 points as compared with the spot at 22,072.30. The Nifty option chain for the 27 March 2025 expiry showed a maximum call OI of 60.2 lakh contracts at the 23,000 strike price. Maximum put OI of 61.1 lakh contracts was seen at 22,000 strike price. Buzzing Index: The Nifty Auto index fell 1.22% to 20,287.05. The index rose 0.19% in the past trading session. Balkrishna Industries (down 3.78%), Bajaj Auto (down 3.24%), Hero MotoCorp (down 2.22%), Apollo Tyres (down 1.63%), MRF (down 1.31%), Eicher Motors (down 1.25%), Bosch (down 1.09%), Maruti Suzuki India (down 1.09%), TVS Motor Company (down 0.98%) and Mahindra & Mahindra (down 0.89%) declined. On the other hand, Tata Motors (up 0.37%) and Exide Industries (up 0.16%) edged higher. Stocks in Spotlight: Wendt (India) slipped 3%. The company announced that its board has approved a proposal to incorporate a wholly owned subsidiary (WOS) in Germany, aiming to enhance its business prospects in Europe. Oriental Rail Infrastructure rose 0.80%. The company announced that it has secured an order worth Rs 1.63 crore from Integral Coach Factory (ICF), Chennai, Indian Railways. RateGain Travel Technologies added 1.56% after the company announced a significant partnership with Mews, a leading provider of hospitality cloud solutions and Property Management Systems (PMS). Powered by Capital Market - Live

The primary objective of this subsidiary is to diversify the company's geographical presence in Europe and offer services to the machine building and superabrasive customers in the region. The subsidiary will focus on sales, servicing, and marketing activities related to Wendt's core businesses, including super abrasives, machine building, and precision components. The new subsidiary will be established with an initial investment of Rs 5 crore (approximately '0.55 million). The investment will be made in one or more tranches through cash consideration. The company expects to complete the incorporation process within the next three months, with the total investment in the subsidiary expected to be completed within two years. The acquisition will not fall under related party transactions, and neither the promoter, promoter group, nor any group companies have any interest in the entity being acquired. However, since the entity will be a wholly owned subsidiary, it will be considered a related party to the company from the date of its incorporation. The official announcement was made on 3rd March 2025, after market hours. Wendt India is engaged in the manufacturing, sales, and servicing of super abrasives, high-precision grinding, honing, special purpose machines, and high-precision components. The company's consolidated net profit fell 14.4% to Rs 8.22 crore on 2.7% decline in revenue from operations to Rs 52.67 crore in Q3 FY25 over Q3 FY24. The counter declined 2.66% to Rs 8,755 on the BSE. Powered by Capital Market - Live

Net profit of Wendt India declined 14.38% to Rs 8.22 crore in the quarter ended December 2024 as against Rs 9.60 crore during the previous quarter ended December 2023. Sales declined 2.70% to Rs 52.67 crore in the quarter ended December 2024 as against Rs 54.13 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales52.6754.13 -3 OPM %20.9224.50 - PBDT12.9315.08 -14 PBT10.6212.98 -18 NP8.229.60 -14 Powered by Capital Market - Live