Wendt India Limited has officially confirmed the complete exit of Wendt GmbH from its shareholding structure. In a disclosure dated 20 May 2025 made under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations 2015 the company announced that Wendt GmbH has divested its entire 37 point 5 percent stake in the company

This exit involved the sale of 7 lakh 50 thousand equity shares via Offer for Sale conducted over two days on 15 and 16 May 2025. With this sale Wendt GmbH no longer holds any shares in Wendt India Limited

As a direct result of this exit the long standing joint venture agreement between Wendt GmbH and Carborundum Universal Limited also comes to an end. Wendt GmbH will now begin the formal declassification process as a promoter of Wendt India in line with applicable SEBI regulations

Wendt India communicated that the change will soon be reflected in its updated shareholding pattern. The transaction also signals a shift to a single promoter structure with Carborundum Universal Limited now being the sole promoter entity of Wendt India

The company had previously issued disclosures on 21 January 2025 and 14 May 2025 indicating a possible stake sale by Wendt GmbH. This sale has now been concluded through a transparent offer for sale mechanism

Wendt India Limited headquartered in Hosur Tamil Nadu and registered in Bangalore is a listed entity on both the Bombay Stock Exchange and National Stock Exchange under the stock codes 505412 and WENDT respectively

The departure of Wendt GmbH marks the end of its involvement in the company and may lead to strategic changes in how Wendt India operates going forward. The collaboration with Wendt GmbH had brought in international expertise especially in precision grinding and super abrasive solutions

Now under the singular leadership of Carborundum Universal Limited the company may chart a new strategic path with potential changes in technology sourcing business expansion and operational governance

The company assured shareholders and stakeholders that all necessary regulatory filings for promoter declassification and shareholding structure updates will be completed in due course

This transition could also impact corporate strategy board structure and global partnerships which were previously guided in part by Wendt GmbH. Market participants and institutional investors are expected to closely monitor these developments for signs of long term direction under the new promoter framework

With the equity sale and joint venture termination Wendt India is entering a new phase as a single promoter driven entity with domestic leadership and a restructured shareholding base

The sale was executed as per regulatory norms and no pricing details or buyer identities have been disclosed as of now. Investors are advised to await further updates from the company regarding governance adjustments and strategic reorientation

This exit by Wendt GmbH concludes a significant chapter in the history of Wendt India which had benefited from global expertise and joint ownership structure since its inception. The full exit and resulting changes are likely to shape the companys trajectory in the coming quarters

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