Transaction Details
- Date of Transaction: 22nd October 2026 ("today" as per disclosure date)
- Investment Amount: EUR 0.55 million (approximately ₹5.88 crores)
- Investment Method: Subscription to equity share capital
- Target Entity: M/s. Wendt GmbH, Germany (wholly owned subsidiary)
- Consideration Type: Cash consideration
- Purpose: To meet subsidiary's ongoing operational requirements
Subsidiary Financial Details (Wendt GmbH)
- Registered Capital: EUR 2.2 million
- Paid-up Equity Capital (Pre-infusion): EUR 1.65 million
- Paid-up Equity Capital (Post-infusion): EUR 2.2 million
- FY 2025-26 Turnover: EUR 0.51 million
- Date of Incorporation: 8th July 2025
- Country of Incorporation: Tönisvorst, Germany
- Line of Business: Sale and servicing of grinding and polishing machines and servicing/sale of spare parts
Ownership and Regulatory Aspects
- Shareholding: Company held 100% shareholding prior to investment and continues to hold 100% post-investment
- Related Party Status: Transaction is between Company and its wholly owned subsidiary, hence classified as Related Party Transaction
- Pricing Methodology: Investment made at fair value in adherence to Foreign Exchange Management (Overseas Investment) Rules, 2022 and related regulations
- Valuation Support: Company has a valuation report supporting the investment decision
- Government Approvals: Not applicable as per disclosure
- Promoter Interest: No promoter/promoter group/group companies have any interest in the entity except to the extent of their shareholding in the Company
Historical Financial Data
Turnover history for Wendt GmbH:
- 2025-26: EUR 0.51 million
- 2024-25: Not applicable (entity incorporated in July 2025)
- 2023-24: Not applicable