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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Full Announcement

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. Page 2 of 2