Transcript of the Conference call held on 14th August, 2026 in respect of the Company''s Q1 FY 27 financial results is enclosed.

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 21st August, 2026 BSE Limited, National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 001 Mumbai - 400051 BSE Code: 540153 NSE Code: ENDURANCE Sub.: Transcript of Conference Call held in respect of the Company’s Q1 FY27 financial results. Ref.: 1. Regulation 30 and Regulation 46(2)(oa) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”). 2. Intimation of telephonic / virtual meeting with Analysts / Institutional Investors dated 4th August, 2026 Dear Sir / Madam, In continuation of the referred intimation and Listing Regulations, please find enclosed the transcript of the conference call held on 14th August, 2026 in respect of the Company’s Q1 FY27 financial results. The transcript has been hosted on the Company’s website at: https://www.endurancegroup.com/wp-content/uploads/2026/08/2026- 08-21-Transcript-of-Earnings-Conference-Call-14-8-2026.pdf 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 Endurance Technologies Limited Q1 FY 27 Earnings Conference Call August 14, 2026 MANAGEMENT: MR. ANURANG JAIN – MANAGING DIRECTOR MR. RAJENDRA ABHANGE – DIRECTOR AND CHIEF OPERATING OFFICER, MR. MASSIMO VENUTI – DIRECTOR AND CHIEF EXECUTIVE OFFICER, ENDURANCE OVERSEAS MR. RAJA GOPAL SASTRY – GROUP CHIEF FINANCIAL OFFICER, MR. RAJ MUNDRA – TREASURER AND HEAD INVESTOR RELATIONS MODERATOR: MR. NISHIT JALAN – AXIS CAPITAL LIMITED Page 1 of 16 Endurance Technologies Limited August 14, 2026 Moderator: Ladies and gentlemen, good day and welcome to Q1 FY 27 Results Conference Call for Endurance Technologies. As a reminder, all participant lines will be in the listen only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star, then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Nishit Jalan from Axis Capital. Thank you, and over to you, sir. Nishit Jalan: Thank you so much. Good morning, everyone. Welcome to Q1 FY 27 post-results conference call of Endurance Technologies. We are pleased to host the management team of Endurance today. We have with us Mr. Anurang Jain, Managing Director; Mr. Massimo Venuti, Director and CEO Endurance Overseas; Mr. Rajendra Abhange, Director and COO; Mr. Raja Gopal Sastry, Group CFO; and Mr. Raj Mundra, Treasurer and Head Investor Relations. I'll now hand over the call to Mr. Anurang Jain for his opening remarks, post which we will have the Q&A. Over to you, Mr. Jain. Anurang Jain: Thank you very much. Good morning everyone. As we close Q1 of FY 27, the business scenario presents a mixed picture with a steady domestic economy set against a more challenging global environment. Domestic industrial activity held firm through the quarter. The Index of Industrial Production grew 5.1% in May 2026, with manufacturing at 5.5%, indicating continued growth in the industrial sector. The global environment has become more difficult. The prolonged conflict in West Asia has kept energy prices raised and added to supply chain and freight costs. In August 2026, the RBI held the repo rate at 5.25% and retained a neutral stance. Earlier, RBI had raised its FY 27 inflation forecast to 5.1%, citing energy prices, West Asia conflict, and monsoon uncertainty. Now, RBI has lowered the inflation forecast to 5%, as Q1 actual number was below the earlier estimate. In the Indian automotive sector, as per SIAM, two-wheeler sales reached 7.18 million units in Q1 FY 27, up 23.6% year-on-year, with motorcycles at 19.3% growth and scooters at 32.7% growth. Passenger vehicle sales increased by 23% to 1.5 million units, while three-wheeler sales rose 40% to 0.36 million units. In the European Union, new car sales saw a year-on-year rise of 7.4% in Q1 FY 27, with each country recording high single percentage sales growth and Italy leading with 9.9% growth. In quarter one FY 27, new car volumes in Europe, there was a 21.9% share of battery electric vehicles, 10.1% share of plug-in hybrids, and 36.1% share of mild hybrids. So roughly two out of every three vehicles being sold in the European Union are either electric or hybrid. Page 2 of 16 Endurance Technologies Limited August 14, 2026 In Europe, the operating environment was perhaps even more challenging, with sharp increase in energy costs, uncertainty around policies regarding electrification and localisation, and rising presence of Chinese OEMs. In our Indian operations, our focus is to look at our core capabilities, including manufacturing, technology, and innovation, and accordingly look at new products through greenfield projects or through M&A, which meet the criteria of being technology-intensive, having a strong scalability of growth based on our OEM customer requirements, and most importantly, helping us to increase our margin percentage as compared to now. Our focus is on 2W proprietary products, 4W aluminium castings and forgings, and 4W proprietary products including suspension, braking, and driveshafts. In the non-auto products, our immediate focus is on solar suspension dampers and actuators, as well as on electronic products, including for auto and non-auto: Battery Management Systems, Motor Control Units, DC-DC converters, and our Battery Packs, for which we have just started SOP in June 2026. 1. You will recall the draft guideline by the government in June 2025 extending ABS requirements to lower engine CC vehicles. We welcome the intent behind this move, which will meaningfully improve rider safety across the 2W segment. In line with this, we are adding 9 lakhs ABS units per annum. Earlier, we had announced a figure of 12 lakhs units per annum to our existing ABS capacity of 6.4 lakhs units per annum. The reason for the decrease from 12 lakhs to 9 lakhs units of ABS is due to the strong demand in the brake assembly system business. We had to shift certain machinery from the ABS lines to take care of the large increase in the brake assembly orders from different OEMs. Our brake assembly share was 34.5% and our brake disc share in India was 42% in FY 26. I would like to mention that the brakes business in the last 4 years has grown with a CAGR of more than 30%. Though the government is yet to issue final guidelines, our ABS and CBS hydraulic brake expansion is progressing as planned, with SOP expected in September or early October 2026. For the dual channel ABS, SOP for Bajaj Auto with 120,000 units per annum is scheduled for this quarter. The SOP for a second programme of 120,000 units is expected to start in Q3 of FY 27. We are enhancing our ABS product offering with new features. We have already started the ride modes, and now we are adding the traction controls for improved stability. This will help in sales value and margin growth in our ABS business. In view of our plans to manufacture electronic control unit for ABS and with higher volumes of Battery Management Systems needs indicated by OEM customers, we had ordered a new surface-mounted technology line for which SOP is expected from next month. It may be noted that our civil infrastructure is in place not only for this new SMT line but also for further potential expansion. Page 3 of 16 Endurance Technologies Limited August 14, 2026 2. At our new Chennai plant for disc brake assembly systems, civil construction is at its final stage. This new plant is in close proxi [Showing first 8,000 characters — download PDF for full document]