Date: 2nd July 2026

Products/Services

Business Activities (accounting for 90% of turnover):

  • Manufacture and sale of Super Abrasives grinding wheels: 71%
  • Manufacture and sale/services of Special purpose grinding and honing machines including spares: 14%
  • Manufacture and sale of Precision components: 15%

Products/Services sold (NIC Code and % turnover):

  • Super Abrasives (23993): 71%
  • Machine Tools (25920): 14%
  • Precision components (28299): 15%

Operations

Number of locations:

  • National: 2 plants, 3 offices (Total 5)
  • International: None

Markets served:

  • National: Across India
  • International: 35 countries
  • Export contribution: 20% of total turnover
  • Customer base: Approximately 1400 customers (domestic and overseas) in auto, auto ancillaries, steel, cutting tools, engineering, refractory, ceramics, defence, aerospace, construction etc.

Employees

Employee and Worker details (as at end of FY):

Permanent Employees:

  • Total: 205 (Male: 188, 92%; Female: 17, 8%)

Other than Permanent Employees: None

Permanent Workers:

  • Total: 191 (Male: 187, 98%; Female: 4, 2%)

Other than Permanent Workers:

  • Total: 118 (Male: 101, 86%; Female: 17, 14%)

Total Workers: 309 (Male: 288, 93%; Female: 21, 7%)

Differently abled personnel:

Employees: 3 permanent males (100%)

Workers: 1 permanent male (100%)

Women participation/representation:

  • Board of Directors: 1 out of 6 (17%)
  • Key Management Personnel: 0 out of 3 (0%)

Turnover rate for permanent staff (past 3 years):

Permanent Employees:

  • FY 2025-26: Male 8.04%, Female 0.45%, Total 8.49%
  • FY 2024-25: Male 5.58%, Female 0.93%, Total 6.51%
  • FY 2023-24: Male 12.3%, Female 1%, Total 13.3%

Permanent Workers:

  • FY 2025-26: Male 1.37%, Female 0%, Total 1.37%
  • FY 2024-25: Male 1.55%, Female 0%, Total 1.55%
  • FY 2023-24: Male 3.1%, Female 0%, Total 3.1%

Holding, Subsidiary and Associate Companies

  • Wendt Grinding Technologies Limited (WGTL), Thailand: 100% subsidiary, does not participate in Business Responsibility initiatives
  • Wendt GmbH, Germany: 100% subsidiary, does not participate in Business Responsibility initiatives

CSR Details

  • CSR applicable as per section 135 of Companies Act, 2013: Yes
  • Turnover: ₹20,652 lakhs
  • Net worth: ₹23,185 lakhs

Transparency and Disclosures Compliances

Complaints/Grievances on NGRBC Principles (Principles 1 to 9):

  • Communities: Mechanism in place, 0 complaints filed in FY26, 0 pending
  • Investors (other than shareholders): Mechanism in place, 0 complaints filed in FY26, 0 pending
  • Shareholders: Mechanism in place, 1 complaint filed in FY26, 0 pending (5 filed in FY25, 0 pending)
  • Employees and Workers: Mechanism in place, 0 complaints filed in FY26, 0 pending
  • Customers: Mechanism in place, 0 complaints filed in FY26, 0 pending
  • Value Chain Partners: Mechanism in place, 0 complaints filed in FY26, 0 pending

Material responsible business conduct issues identified:

1. Employee turnover and skills development (Risk) - Negative financial implications

2. Technology Risk (Opportunity & Risk) - Positive/Negative financial implications

3. Environmental Footprint: Air, Water, Waste, Climate change, Greenhouse gas emission (Risk) - Negative financial implications

4. Corporate Governance (Opportunity & Risk) - Positive/Negative financial implications

5. Social Responsibility: Alignment with local communities (Risk) - Negative financial implications

6. Data security (Risk) - Negative financial implications

Management and Process Disclosures

NGRBC Principles Coverage:

  • Policies cover all nine principles (Yes for all Principles 1-9)
  • All policies approved by Board (Yes for all Principles 1-9)
  • Web link for policies: www.wendtindia.com

Specific commitments and performance:

  • Target: Reduction of GHG emission intensity by 10% during the year
  • Achievement: Target achieved during the year

Governance and leadership:

  • Director's statement highlights ESG integration across operations
  • Policies include Code of Conduct, Human Rights Policy, Prevention of Insider Trading, Prevention of Sexual Harassment, Whistle Blower Policy, Anti-Corruption and Anti-Bribery Policy, CSR Policy
  • Guided by "Spirit of Murugappa Group - The Five Lights" philosophy

Implementation authority:

  • Highest authority: Mr. Amit Ingale, Executive Director and Chief Executive Officer
  • Committee: Mr. Amit Ingale designated Director spearheading sustainability objectives within EHS framework

Review process:

  • Performance against policies and compliance with statutory requirements reviewed quarterly for all principles
  • Department heads, functional heads, senior management review policies regularly

External assessment:

  • Environment, Health and Safety Policy externally evaluated by certification body
  • Manufacturing facilities certified under ISO 14001 and ISO 45001

Principle-wise Performance Disclosure

Principle 1: Ethics, Transparency, Accountability

  • Training coverage: 100% for all categories (Board, KMPs, Employees, Workers)
  • No fines/penalties paid in proceedings with regulators/law enforcement agencies
  • Anti-corruption policy in place with zero-tolerance approach
  • No disciplinary actions for bribery/corruption against any personnel
  • No complaints regarding conflict of interest
  • Accounts payable days: 80 days (FY26) vs 77 days (FY25)
  • Purchases from trading houses: 8.25% of total purchases (28 trading houses)
  • Sales to dealers/distributors: 38% of total sales (170 dealers)
  • Related Party Transactions: Purchases 4.69%, Sales 5.89%, Loans & advances Nil, Investments 32.97%

Principle 2: Sustainable and Safe Goods/Services

  • R&D investment in environmental/social improvements: 0% (FY26) vs 25% (FY25)
  • Capex investment in environmental/social improvements: 9% (FY26) vs 8% (FY25)
  • Sustainable sourcing procedures in place (no percentage data captured)
  • No Extended Producer Responsibility (EPR) applicable
  • No formal Life Cycle Assessments conducted yet

Principle 3: Employee Well-being

  • 100% coverage for health insurance, accident insurance, maternity benefits (for females), paternity benefits (for males), day care facilities
  • Spending on well-being measures: 2.52% of total revenue (FY26) vs 1.79% (FY25)
  • 100% coverage for retirement benefits (PF, Gratuity, ESI)
  • Workplace accessible to differently abled people
  • Equal opportunity policy in place
  • 100% return to work and retention rates after parental leave
  • Grievance mechanisms available for all employee categories
  • 23% of permanent workers are union members
  • 100% training coverage on safety measures
  • 76-79% of workers received performance reviews
  • Occupational health and safety management system implemented (ISO 45001:2018 certified)
  • No safety incidents, fatalities, or high consequence injuries reported

Principle 4: Stakeholder Responsiveness

  • Stakeholder identification process covers shareholders, investors, employees, customers, suppliers, regulators, local communities, government agencies
  • Regular engagement through multiple channels including meetings, helplines, industry forums, surveys
  • Engagement with vulnerable/marginalized groups through CSR and affirmative action interventions

Principle 5: Human Rights

  • 100% training coverage on human rights issues for all employees and workers
  • All employees and permanent workers paid above minimum wage
  • Other than permanent workers paid at minimum wage (100%)
  • Median remuneration: BoD ₹8,10,000, KMP ₹70,36,307, Other employees ₹8.07-8.23 lakhs, Workers ₹4.36-6.73 lakhs
  • Gross wages to females: 5.24% of total wages (FY26) vs 4.84% (FY25)
  • Focal point available for human rights issues (Senior Management and various committees)
  • No complaints on sexual harassment, discrimination, child labor, forced labor
  • No POSH complaints reported
  • Human rights requirements part of business agreements
  • 100% assessment coverage for child labor, forced labor, sexual harassment, discrimination, wages

Principle 6: Environmental Protection

  • Total energy consumption: 15,269,623.2 MJ (FY26)
  • Renewable energy: 1,392,793.2 MJ (9.1%)
  • Non-renewable energy: 13,876,830 MJ (90.9%)
  • Energy intensity: 0.0074 MJ/₹ million turnover (FY26) vs 0.0067 (FY25)
  • Not identified as designated consumer under PAT Scheme
  • Total water withdrawal: 27,199.4 kl (FY26)
  • Third-party water: 16,528.3 kl, Others: 10,671.1 kl
  • Water intensity: 0.0000131 kl/₹ million turnover (FY26)
  • Zero Liquid Discharge mechanism implemented through ETP, STP, RO plant
  • Air emissions within limits: NOx 16-30 μg/m³, SOx 5-16 μg/m³, PM 40-73 μg/m³
  • GHG emissions: Scope 1 191.01 tCO2e, Scope 2 2,769.19 tCO2e
  • Emission intensity: 0.00000143 tCO2e/₹ turnover (FY26)
  • Total waste generated: 182.268 MT (FY26)
  • Waste recycled: 109.80 MT, disposed: 72.47 MT
  • Waste intensity: 0.000000088 MT/₹ million turnover
  • Compliant with all environmental laws and regulations
  • Business continuity and disaster management plan in place

Principle 7: Responsible Policy Influence

  • Member of multiple trade and industry chambers/associations including CII, IMTMA, EEPC
  • Top 10 affiliations: Confederation of Indian Industry, Hosur Industries Association, Quality Circle Forum of India, National HRD Hosur Chapter, IMTMA, Indo-German Chamber of Commerce, Bangalore Chamber of Commerce, EEPC, Indian Cutting Tool Manufacturer, South India Chamber of Commerce

Principle 8: Inclusive Growth

  • No Social Impact Assessments or Rehabilitation & Resettlement projects undertaken
  • Grievance mechanism available for community concerns
  • 17% of input materials sourced from MSMEs/small producers (FY26)
  • 62% of inputs sourced directly from within India (FY26)
  • Wage distribution: Urban 22.8%, Metropolitan 77.2% (FY26)
  • CSR projects benefitted 5,209 persons, 100% from vulnerable/marginalized groups

Principle 9: Responsible Consumer Engagement

  • Customer complaint mechanism with 15-day resolution target
  • 100% of products carry information on environmental/social parameters, safe usage, recycling/disposal
  • No consumer complaints on data privacy, advertising, cybersecurity, essential services, trade practices
  • No product recalls
  • Cybersecurity and data privacy policy in place
  • No data breaches
  • Product information available through website, social media, technical seminars
  • MSDS provided for all products
  • Customer satisfaction surveys and NPS conducted annually