Wendt India : Book Closure

WENDT (INDIA) LIMITED

No. 69/70, Sipcot, Hosur 635 126, Tamilnadu, INDIA

Telephone: + 91 4344.405500

Telefax E-mail

• : + 91 4344 405620 / 405630

• :[e-mail]

  Web

• :www.wendtindia.comCIN: : L85110KA1980PLC003913

  22nd April 2022

  BSE Limited,

  1st Floor, New Trading Ring Rotunda Building, P J Towers Dalal Street, Fort

  Mumbai 400 001

  Stock Code: 505412

  National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor

  Plot No. C/1, G Block Bandra-Kurla Complex, Bandra (E) Mumbai 400 051

  Stock Code: WENDT-EQ

  Dear Sirs,

  Sub: Intimation on the outcome of the Board Meeting held on 22nd April 2022

  We refer to our letter dated 13th April 2022 intimating you of the convening of the meeting of the Board of Directors of our Company. In this regard, we wish to inform that the Board of Directors met today and approved the following:

  1. Audited Financial Results for the quarter/year ended 31st March 2022:

  The audited financial results for the quarter/year ended 31st March 2022 in Schedule III format prescribed under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter referred to as 'Listing Regulations') and pursuant to SEBI Circular no. CIR/CFD/FAC/62/2016 dated 5th July 2016. In this connection, we enclose the following:

  • a. Standalone financial results for the quarter/year ended 31st March 2022;

  • b. Consolidated financial results for quarter/year ended 31st March 2022;

  • c. Audit Report of M/s. Price Waterhouse Chartered Accountants LLP, Statutory Auditors on the Standalone and Consolidated financial results quarter/year ended 31st March 2022.

  Pursuant to Regulation 47 of the Listing Regulations and the above mentioned SEBI circular, we would be publishing an extract of the consolidated financial results in the prescribed format in English and Kannada newspapers within the stipulated time. The detailed standalone financial results and consolidated financial results of the Company would be available on the website of the Companywww.wendtindia.com as well on the websites of Stock Exchanges.

  As required under SEBI Circular CIR/CFD/CMD/56/2016 dated 27th May 2016, we declare that the Statutory Auditors of the Company, M/s. Price Waterhouse Chartered Accountants LLP, Chartered Accountants, have in their report issued an unmodified opinion on the Standalone and Consolidated Financial Results of the Company for the financial year ended 31st March 2022.

WENDT (INDIA) LIMITED

No. 69/70, Sipcot, Hosur 635 126, Tamilnadu, INDIA

Telephone: + 91 4344.405500

Telefax E-mail

• : + 91 4344 405620 / 405630

• :[e-mail]

  Web

• :www.wendtindia.comCIN: : L85110KA1980PLC003913

  2. Annual General Meeting and Book Closure dates

  The 40th Annual General Meeting of the shareholders of the Company is scheduled to be held on Friday, 22nd July 2022. The Register of Members will be closed from Friday, 15th July 2022 to Friday, 22nd July 2022 (both days inclusive) for the purpose of 40th Annual General Meeting and Final dividend.

  3. Declaration of Final Dividend

  The Directors have recommended a final dividend of Rs. 45/- (450%) per equity share (on a face value of Rs.10/-) for the year ended 31st March 2022.

  The dividend warrants, upon approval of final dividend by the shareholders at the 40th Annual General meeting, will be posted by 12th August 2022. In case of shareholders opting for NECS/NACH, the dividend would be credited to their accounts by 12th August 2022.

  It may be recalled that an Interim Dividend at Rs.20/- per equity share was declared by the Board at its meeting held on 21st January 2022 and paid on 16th February 2022. With this recommendation, the total dividend for the year ended 31st March 2022 aggregates to Rs. 65/- (Rupees Sixty Five Only).

  4. Recommendation to the shareholders for the re-appointment of Ms. Hima

  Srinivas (DIN: 07556717) as an Independent Director with effect from 24th

  April 2022

  Ms. Hima Srinivas who was appointed as an Independent Director on the Board of the Company to hold office for a period of five years till 23rd April 2022 at the 35th AGM of the Company convened on 24th July 2017, based on the recommendation of the Nomination & Remuneration Committee and the Board of the Company.

  Ms. Hima's first term of five years will conclude at the close of business hours on 23rd April 2022. Mrs. Hima is eligible to be re-appointed as a Director to hold office for second term and has consented to the re-appointment. The Board after duly considering her performance evaluations being conducted annually and based on the recommendation of the Nomination and Remuneration Committee has approved her re-appointment as an Independent Director of the Company for another term of 5 consecutive years commencing from 24th April 2022 subject to approval of the shareholders at the ensuing Annual General Meeting. Mrs. Hima's brief profile is enclosed.

  Profile of Ms. Hima:

  Ms. Hima Srinivas is a finance professional having degree in MBA - Finance from Andhra University. She has over 30 years of experience in the field of Financial Management including Treasury, Management Accounting, Portfolio Management, Long term Planning, Budgeting, Financial Analysis, Project appraisals, Mergers & Acquisitions including a few

WENDT (INDIA) LIMITED

No. 69/70, Sipcot, Hosur 635 126, Tamilnadu, INDIA

Telephone: + 91 4344.405500

Telefax E-mail

• : + 91 4344 405620 / 405630

• :[e-mail]

  Web CIN:

• :www.wendtindia.com

• : L85110KA1980PLC003913 overseas ventures, etc. She worked with Coromandel International Limited (Murugappa

Group Company) a leading manufacturer of Phosphatic fertilisers since 1985 and served the organisation for nearly three decades till her superannuation as Associate Vice President - Finance in 2014.

Ms. Hima Srinivas is not related to any Director or Key Managerial Personnel on the Board of the Company. Further, Ms. Hima Srinivas is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority.

5. Recommend to the shareholders the re-appointment of M/s. Price Waterhouse Chartered Accountants LLP as statutory auditors of the Company

At the 35th Annual General Meeting held on 24th July 2017 M/s. Price Waterhouse Chartered Accountants LLP (Firm Registration No. 012754N/N500016) had been appointed as the statutory auditors of the Company to hold office for a period of five consecutive years from the conclusion of the 35th Annual General Meeting till the conclusion of 40th Annual General Meeting. The Statutory Auditor's term of office would be concluding at the conclusion of the ensuing 40th AGM. In terms of Section 139 of the Companies Act, 2013, M/s. Price Waterhouse Chartered Accountants LLP are eligible to be re-appointed as statutory auditors of the Company for a second term of office subject to the approval of the shareholders.

Accordingly, the Board recommended to the shareholders, the re-appointment of M/s.

Price Waterhouse Chartered Accountants LLP as statutory auditors of the Company to hold office for a second term of five consecutive years i.e. from the conclusion of the 40th AGM till the conclusion of the 45th AGM.

We further wish to inform that the meeting of the Board of Directors of the Company commenced at 11:55 a.m. and concluded at 3:00 p.m.

Kindly take the above information on record.

Thanking you

Yours faithfully,

For Wendt (India) Limited

Arjun Raj P

Company Secretary