Acquisition of step down subsidiary.

BEL/BSE/NSE/NOV/2026 Date: November 02, 2026 To, To, The Secretary, The Secretary, Bombay Stock Exchange Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai - 400051 Scrip Code: 543971 Symbol: BONDADA Sub: Disclosure regarding acquisition of BTM Mobility Private Limited (formerly known as Thuraga Motors Private Limited) by Atpole Technologies Private Limited (“ATPL”), a subsidiary of Bondada Engineering Limited (“Company”). Dear Sir/Madam, Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), we wish to inform you that BTM Mobility Private Limited (formerly known as Thuraga Motors Private Limited) was acquired by Atpole Technologies Private Limited (“ATPL”), a subsidiary of Bondada Engineering Limited (“Company”). BTM Mobility Private Limited (formerly known as Thuraga Motors Private Limited), having CIN: U30912TN2025PTC184526, is a Private Limited Company incorporated under the provisions of the Companies Act, 2013 (“Act”). The Company is engaged in the manufacturing and assembly of electric two-wheelers, along with associated components and original equipment. The Company is also involved in the design and development of electric vehicle technologies, representing a strategic forward integration of its existing BLDC motor manufacturing capabilities. This initiative is aligned with the Government of India's vision of Viksit Bharat and the Make in India initiative, with a focus on promoting indigenous manufacturing, technological innovation and the development of a robust domestic electric mobility ecosystem. STRATEGIC SIGNIFICANCE OF THE ACQUISITION: The acquisition marks a significant milestone in the strategic expansion of the Bondada Group into the manufacturing and assembly of electric two-wheelers, including associated components and original equipment. Through this acquisition, the Bondada Group aims to accelerate its inorganic growth in the electric two-wheeler segment by leveraging BTMMPL's established design and development capabilities, Bondada Engineering Limited (Formerly known as Bondada Engineering Pvt Ltd) Regd. Office: Corporate Office: Plot No-37, Ashok Manoj Nagar, BONDADA HOUSE, Kapra, Hyderabad, Telangana-500062, C – 26, Kushaiguda Industrial Area, INDIA ECIL, Hyderabad, TG - 500062, INDIA Phone Number: 7207034662 CIN : L28910TG2012PLC080018 Email : Info@bondada.net, Website : www.bondada.net intellectual property portfolio, business credentials, existing order pipeline, and long- standing empanelment and relationships with various organizations and institutions. The acquisition is expected to provide the Bondada Group with a strong and established platform for entering and scaling its presence in the electric two-wheeler ecosystem, while complementing the Group's existing engineering, infrastructure, and execution capabilities. The requisite details as required under Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, are enclosed herewith as Annexure-A. The above information is also available on the Company's website: www.bondada.net. We request you to kindly take the above information on record. For Bondada Engineering Limited Dr. Sonia Bidlan Company Secretary & Compliance Officer Membership No.: A37766 Bondada Engineering Limited (Formerly known as Bondada Engineering Pvt Ltd) Regd. Office: Corporate Office: Plot No-37, Ashok Manoj Nagar, BONDADA HOUSE, Kapra, Hyderabad, Telangana-500062, C – 26, Kushaiguda Industrial Area, INDIA ECIL, Hyderabad, TG - 500062, INDIA Phone Number: 7207034662 CIN : L28910TG2012PLC080018 Email : Info@bondada.net, Website : www.bondada.net ANNEXURE – A Details under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI master circular for compliance circular no. HO/49/14/14(7)- CFD-POD2/1/3762/2026 dated 11th July 2023: Sr. No. Particulars Details 1 Name of the acquirer Atpole Technologies Private Limited Relationship of the acquirer with the listed entity Subsidiary BTM Mobility Private Limited (formerly 3 Name of the target entity. known as Thuraga Motors Private Limited) Whether the acquisition would fall 4 No within related party transaction(s)? Whether the promoter/ promoter group/ 5 group companies have any interest in No the entity being acquired? If yes, nature of interest and details thereof Whether the same is done at “arm’s 7 Yes length”? Industry to which the entity being Automobile / Automotive Industry (Electric acquired belongs; Vehicle Manufacturing & Assembly) To pursue inorganic growth in electric two- wheeler segment by leveraging BTM Mobility Objects and impact of acquisition Private Limited (formerly known as Thuraga (including but not limited to, disclosure Motors Private Limited) (“BTMMPL”), 9 of reasons for acquisition of target established design and development expertise, entity, if its business is outside the main intellectual properties, business credentials, line of business of the listed entity); order pipeline and empanelment’s /relationships with the various organisations and institutions. Whether any governmental or 10 regulatory approvals required for the No acquisition? Brief details of any governmental or 11 regulatory approvals required for the - acquisition; Indicative time period for completion of 12 Completed the acquisition Consideration -whether cash 13 consideration or share swap or any other Cash form; Bondada Engineering Limited (Formerly known as Bondada Engineering Pvt Ltd) Regd. Office: Corporate Office: Plot No-37, Ashok Manoj Nagar, BONDADA HOUSE, Kapra, Hyderabad, Telangana-500062, C – 26, Kushaiguda Industrial Area, INDIA ECIL, Hyderabad, TG - 500062, INDIA Phone Number: 7207034662 CIN : L28910TG2012PLC080018 Email : Info@bondada.net, Website : www.bondada.net Acquisition of 5,100 equity shares of face 14 Details of the consideration value of Rs. 10/- each by Atpole Technologies Private Limited. Cost of acquisition and/or the price at 15 which the shares are acquired (Rs. in - Crore) Percentage of shareholding / control 16 acquired and / or number of shares 51% acquired; BTM Mobility Private Limited (formerly known as Thuraga Motors Private Limited), having CIN: U30912TN2025PTC184526, is a Brief background about the entity company incorporated under the provisions of 17 acquired in terms of products/line of the Companies Act, 2013. The Company is business acquired engaged in the business of manufacturing and assembly of electric two-wheeler, along with associated parts and original equipment. 18 Date of Incorporation 16-09-2025 Bondada Engineering Limited (Formerly known as Bondada Engineering Pvt Ltd) Regd. Office: Corporate Office: Plot No-37, Ashok Manoj Nagar, BONDADA HOUSE, Kapra, Hyderabad, Telangana-500062, C – 26, Kushaiguda Industrial Area, INDIA ECIL, Hyderabad, TG - 500062, INDIA Phone Number: 7207034662 CIN : L28910TG2012PLC080018 Email : Info@bondada.net, Website : www.bondada.net