NSEAcquisition6 Oct 2026 · 6 Oct 2026, 07:57 pm
Acquisition
Endurance Technologies Limited · ENDURANCE
✦ AI Summaryacquisition
Endurance Technologies Limited has informed the Exchange about the acquisition of Fondalpress SpA, Italy, via its parent company Anna Milena SpA, Italy, by Endurance Overseas SpA, Italy, a wholly owned subsidiary of the Company, for an agreed price consideration of Euro 12.34 million.
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Earnings Impact5/10
Growth Catalyst8/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment6/10
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Endurance Technologies Limited has informed the Exchange about Acquisition
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ENDURANCE_06102026195508_2026_10_06_-_Letter_SEs_acquisition_of_Fondalpress_by_EOSpA.pdf
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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
6th October, 2026
BSE Limited, National Stock Exchange of India Limited,
Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra-Kurla Complex,
Dalal Street, Bandra (E),
Mumbai - 400 001 Mumbai - 400 051
BSE Code: 540153 NSE Code: ENDURANCE
Sub.: Acquisition of Fondalpress SpA, Italy, via its parent company Anna Milena SpA,
Italy, by Endurance Overseas SpA, Italy, a wholly owned subsidiary of the Company
Ref.: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“Listing Regulations”)
Dear Sir / Madam,
Pursuant to Regulation 30 of the Listing Regulations read with the SEBI Master Circular no.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 (“SEBI
Circular”), we wish to inform that Endurance Overseas SpA, Italy (“EOSpA”), a wholly owned
subsidiary of the Company, has entered into a Share Purchase Agreement (“SPA”) today i.e.
on 6th October, 2026, whereby it has acquired:
a. 100% shareholding in Anna Milena SpA, Italy (“Anna Milena”) which, further holds
99.5% shares in Fondalpress SpA, Italy (“Fondalpress”); and
b. the balance 0.5% shares in Fondalpress from its individual shareholders.
The acquisition is for an agreed price consideration of Euro 12.34 million for 100% stake in
Anna Milena and Fondalpress (collectively “Target companies”).
Fondalpress, the operating entity, is engaged in die-casting and machining of aluminium
components for automotive applications.
In accordance with the SEBI Circular, details of the acquisition of the Target companies are
furnished in the attached Annexure. We 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. Particulars Details
1. Name of the target entity, details in Anna Milena SpA, Italy
brief such as size, turnover etc. Anna Milena is the parent company of
Fondalpress holding 99.5% stake and, inter
alia, is in the business of the management of
real estate properties.
Key financial data based on the audited
financial statements at 31
December, 2024:
- Turnover: Euro 0.40 million;
- Profit After Tax (“PAT”): Euro 0.40 million;
- Net Worth: Euro 1.40 million.
- Fondalpress SpA, Italy
Fondalpress is engaged in die-casting and
machining of aluminium components for
automotive applications.
Key financial data based on the audited
financial statements at 31
December, 2024:
- Turnover: Euro 32.20 million;
- PAT: Euro 0.04 million;
- Net Worth: Euro 20.40 million.
The Target companies have cash and cash
equivalent (net financial position) in the range
of Euro 10.10 million.
EOSpA, a wholly owned subsidiary of the
Company, has entered into a Share Purchase
Agreement (“SPA”) today i.e. on 6th October,
2026 for acquisition of 100% stake in
Fondalpress through its parent company Anna
Milena (collectively “Target companies”).
2. Whether the acquisition would fall No, the transaction would not fall within the
within related party transaction(s) scope of related party transaction(s).
and whether the promoter/
Neither the Promoter nor the Promoter Group
promoter group/ group companies
has any interest, direct or indirect, in the
have any interest in the entity
acquisition of the Target companies.
being acquired? If yes, nature of
interest and details thereof and
whether the same is done at “arm’s
length”
Page 2 of 4
Sr. Particulars Details
3. Industry to which the entity being Fondalpress is in the business of die-casting
acquired belongs and machining of aluminium components for
automotive applications, while Anna Milena is
the parent company of Fondalpress.
4. Objects and impact of acquisition The acquisition is aligned with the Group’s
(including but not limited to, strategy of strengthening its aluminium die-
disclosure of reasons for casting components business in Europe by
acquisition of target entity, if its expanding manufacturing capabilities and
business is outside the main line enhancing customer reach.
of business of the listed entity)
The acquisition gives EOSpA ownership of
strategically located land & building including
high-quality machines and offers an
immediate opportunity to expand much
needed production capacities to meet
upcoming demand and insourcing of certain
currently outsourced products.
5. Brief details of any governmental No governmental or regulatory approval is
or regulatory approvals required required.
for the acquisition
6. Indicative time period for Not applicable.
completion of the acquisition
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 Euro 12.34 million.
which the shares are acquired
9. Percentage of shareholding / 100% shareholding and voting rights in Target
control acquired and / or number companies.
of shares acquired
10. Brief background about the entity Brief background of Anna Milena:
acquired in terms of products /
line of business acquired, date of Products / line of business: Holding company
incorporation, history of last 3 and management of real estate properties.
years turnover, country in which
Date of incorporation: 12th August, 1969
the acquired entity has presence
(Euro million)
and any other significant
information (in brief). Financial Year Turnover PAT
(31st December)
2023 0.40 0.10
2024 0.40 0.40
2025* 0.40 0.10
* The revenue and profit figures for the
financial year ended 31st December, 2025
Page 3 of 4
Sr. Particulars Details
are based on unaudited / provisional
management accounts and are subject to
approval of the statutory financial
statements.
Country of presence: Italy
Brief background of Fondalpress:
Products / line of business: Engaged in die-
casting and machining of aluminium
components for automotive applications.
Date of incorporation: 20th September, 1969
(Euro million)
Financial Year Turnover PAT
(31st December)
2023 36.40 0.30
2024 32.20 0.04
2025* 26.60 (0.50)
* The revenue and loss figures for the financial
year ended 31st December, 2025 are based on
unaudited / provisional management accounts
and are subject to approval of the statutory
financial statements.
Country of presence: Italy
11. Additional Disclosure The consideration paid for the acquisition is
Euro 12.34 million. As the Target companies
hold cash and cash equivalent in the range of
Euro 10.10 million, the effective net
consideration translates to Euro 2.24 million.
The signing and closing of the transaction
occurred simultaneously. As no regulatory
approvals, including Antitrust or Golden
Power clearances were required, ownership
and control of Target companies transferred to
EOSpA upon execution of the SPA.
Page 4 of 4