NSESale or disposal24 Jun 2026 · 24 Jun 2026, 12:39 pm
Sale or disposal
Endurance Technologies Limited · ENDURANCE
✦ AI SummaryDivestiture
Endurance Technologies Limited has informed the Exchange about the sale of a wholly-owned step-down subsidiary, Veicoli Srl, in Italy, as part of the company's strategic focus on allocating resources towards its core auto components business.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk6/10
Liquidity Impact8/10
Market Sentiment5/10
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Endurance Technologies Limited has informed the Exchange about Sale of a wholly-owned step-down subsidiary of the Company in Italy
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ENDURANCE_24062026123936_2026_06_24_-_Intimation_of_Sale_of_Veicoli__signed_.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
24th June, 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.: Sale of a wholly-owned step-down subsidiary of the Company in Italy
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,
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”)
to sell 100% of its shareholding in Veicoli Srl, Italy (“Veicoli”).
Veicoli is a step-down wholly-owned subsidiary of EOSpA and is engaged in the business
of providing software platforms to companies operating in fleet management sector.
Considering the Endurance Group’s strategic focus on allocating resources towards the
continued growth and development of its core auto components business, it has been
decided to divest the Group’s investment in Veicoli.
Upon receipt of requisite regulatory approvals, Veicoli shall cease to be a subsidiary of
EOSpA and, consequently, of the Company.
In line with the SEBI Circular, details required under Regulation 30 of the Listing
Regulations for the proposed sale of Veicoli are provided in the attached Annexure.
The above information is available on the Company’s website
www.endurancegroup.com.
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 the Listing Regulations
Sale of the wholly-owned step down subsidiary
Sr. Items for Disclosure Description
1. The amount and percentage of the Total income of Veicoli Srl for the
turnover or revenue or income, and financial year 2025-26 is Rs. 32.58 crore,
net worth contributed by such unit which is 0.22% of consolidated total
or division or undertaking or income of the Company.
subsidiary or associate company of
Net worth of Veicoli Srl as at 31st March,
the Company during the last
2026 is Rs. 3.15 crore, which is 0.48% of
financial year.
consolidated net worth of the Company.
2. Date on which the agreement for 23rd June, 2026
sale has been entered into.
3. Expected date of completion of sale 1st July, 2026
/ disposal.
4. Consideration received from such Consideration for the sale, subject to
sale / disposal. adjustments including those for cash and
debt balances, shall comprise:
a) An upfront fixed payment of € 2.2
million;
b) Deferred fixed payment of € 0.3 million;
c) Earn out consideration linked to
financial results for the first three years
after completion, subject to a cap of €
5.0 million.
5. Brief details of buyers and whether Banyan Software UK Limited is a body
any of the buyers belong to the corporate registered with the Companies
promoter / promoter group / group House in United Kingdom.
companies. If yes, details thereof.
The buyer does not belong to the promoter
/ promoter group / group companies of the
Company.
6. Whether the transaction would fall No
within related party transactions? If
yes, whether the same is done at
“arm’s length”.
7. Whether the sale, lease or disposal Yes. There is no corporate restructuring or
of the undertaking is outside any other event where a scheme of
Scheme of Arrangement? arrangement needs to be filed.
8. Additionally, in case of a slump sale, This transaction is a share sale and does
indicative disclosures provided for not constitute a slump sale.
amalgamation / merger, shall be
disclosed by the Company with
respect to such slump sale.
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