Acquisition

ENDURANCE TECHNOLOGIES LIMITED 2nd Floor, Kumar Solitaire, S. No. 216B/218A/215A, Near Aga Khan Palace, Shastri Nagar, Nagar Road, Pune-411 006 (M.S.), India Tel: +91-20-68284200 Fax: +91-20-26680894 Website: www.endurancegroup.com CIN No. L34102MH1999PLC123296 29th September, 2026 BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 001 Mumbai - 400 051 BSE Code: 540153 NSE Code: ENDURANCE Sub.: Update on acquisition of balance stake in Stöferle Automotive GmbH and Stöferle GmbH by Endurance Overseas SpA, Italy, a wholly owned subsidiary of the Company Ref.: Regulation 30 read with Part A of Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Dear Sir / Madam, Endurance Overseas SpA, Italy (“EOSpA”), a wholly owned subsidiary of the Company, has today, i.e. 29th September, 2026, executed an Amendment Agreement to the Share Purchase Agreement dated 12th December, 2024 (“SPA”) to, inter alia, acquire the balance 32% equity stake in Stöferle Automotive GmbH and Stöferle GmbH, Germany (collectively, the “Stöferle entities”) [“Amendment Agreement”] for a negotiated upfront cash consideration of € 18 million (Euro Eighteen million only). As per the terms of SPA, the remaining 32% equity stake in the Stöferle entities was to be acquired in equal tranches over four financial years by June 2030. The business rationale for the accelerated acquisition of the remaining stake is set out in the Annexure attached hereto. Prior to this Amendment Agreement, EOSpA held 68% equity stake in Stöferle entities. This shareholding was acquired in two tranches pursuant to the SPA and the previous transfer agreement dated 29th June, 2026. Disclosure pursuant to Regulation 30 of the Listing Regulations read with the SEBI Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026, is furnished in the attached Annexure. Request you to take the above information on record. Thanking you. Yours faithfully, For Endurance Technologies Limited Sunil Lalai Company Secretary, Compliance Officer and Head – Legal Membership No.: A8078 Encl.: As above ANNEXURE Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Sr. no. Particulars Details 1. Name of the target entity, details Stöferle Automotive GmbH, Germany in brief such as size, turnover etc. Key financial data based on audited Financial Statements at 31st March, 2026: - Turnover: € 76.4 million Stöferle GmbH, Germany Key financial data based on audited Financial Statements at 31st March, 2026: - Turnover: € 16.9 million Stöferle Automotive GmbH and Stöferle GmbH (“Stöferle entities”) are in the business of machined aluminium castings for automotive applications. 2. Whether the acquisition would The accelerated acquisition of the remaining 32% fall within related party equity stake in the Stöferle entities is undertaken transaction(s) and whether the as per the ‘CALL and PUT options’ agreed under promoter/ promoter group/ the Amendment Agreement. group companies have any The transaction constitutes a related party interest in the entity being transaction, as the shareholders divesting their acquired? If yes, nature of interest stake in the Stöferle entities are either directors of and details thereof and whether the Stöferle entities or relatives of such directors. the same is done at “arm’s length” The aggregate consideration for the remaining 32% equity stake is € 18 million (Euro Eighteen Million only), which is lower than the originally agreed purchase consideration of € 20.13 million (Euro Twenty Million One Hundred Thirty Thousand only). Accordingly, the proposed transaction is considered beneficial and in the best interests of EOSpA and the Company. Further, the transaction is being undertaken on an arm’s length basis. Neither the Promoter nor the Promoter Group has any interest, direct or indirect, in the acquisition of the Stöferle entities. 3. Industry to which the entity being Manufacturing machined aluminium die castings acquired belongs for engine and transmission components of automotive industry. 4. Objects and impact of acquisition This accelerated acquisition of the remaining 32% (including but not limited to, equity stake in the Stöferle entities will enable disclosure of reasons for EOSpA to achieve full ownership and align the acquisition of target entity, if its management, governance and operational business is outside the main line decision-making processes under a single of business of the listed entity) ownership structure. The transaction is expected to enhance strategic and operational flexibility by eliminating minority shareholder considerations, facilitating faster execution of business initiatives and enabling seamless implementation of restructuring, investment and growth plans. Page 2 of 3 Sr. no. Particulars Details In addition, by exercising the acquisition option ahead of the originally contemplated timeline, EOSpA has secured full ownership, thereby retaining the economic benefit arising from the reduced acquisition cost. The accelerated acquisition also mitigates higher purchase consideration becoming payable in respect of the future tranches in the event the performance of the Stöferle entities exceeds the base case assumptions contemplated under the SPA. The transaction is therefore expected to strengthen EOSpA's ability to realise long-term value from the Stöferle entities while simplifying the ownership structure. 5. Brief details of any governmental None or regulatory approvals required for the acquisition 6. Indicative time period for Immediate effect from execution of Amendment completion of the acquisition Agreement. 7. Nature of consideration - whether Cash consideration cash consideration or share swap and details of the same 8. Cost of acquisition or the price at € 18 million (Euro Eighteen million only) for which the shares are acquired balance 32% equity stake in the Stöferle entities. 9. Percentage of shareholding / Post the acquisition of the minority 32% equity control acquired and / or number stakein the Stöferle entities, EOSpA holds 100% of shares acquired stake in each of the Stöferle entity. 10. Brief background about the entity Brief background of Stöferle Automotive GmbH, acquired in terms of products / Germany: line of business acquired, date of incorporation, history of last 3 Products / line of business: Manufacture years turnover, country in which machined aluminium castings for automotive the acquired entity has presence applications. and any other significant Date of incorporation: 12th August, 2011 information (in brief). Total Turnover: Financial Year Euro (million) 31st March, 2026 76.4 31st December, 2024 79.4 31st December, 2023 72.1 Brief background of Stöferle GmbH, Germany: Products / line of business: Machining of aluminium castings for automotive application and production of CNC machines for captive use. Date of incorporation: 20th November, 1992 Total Turnover: Financial Year Euro (million) 31st March, 2026 16.9 31st December, 2024 17.1 31st December, 2023 17.2 Page 3 of 3