Endurance Technologies has informed stock exchanges about a senior management change, announcing the resignation of Mr. Prabhas Chandra Dash from his position as Head-Aftermarket. The automotive component manufacturer disclosed this development through a regulatory filing dated April 2, 2026, in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Resignation Details

Mr. Prabhas Chandra Dash tendered his resignation to pursue personal goals and aspirations, as stated in the company's official communication to BSE and NSE. The resignation became effective from the close of business hours on April 1, 2026.

Resignation Process

According to the resignation letter dated December 31, 2025, Mr. Dash had discussed his plans with the Managing Director and expressed his intention to take a break from Endurance Technologies Limited. In his resignation letter, he mentioned his desire to pursue independent work opportunities and thanked the Board of Directors and senior colleagues for their support during his tenure.

The company has provided the required disclosures under Regulation 30 of SEBI Listing Regulations, including the reason for change and date of cessation. The resignation letter and regulatory disclosures were signed by Company Secretary Sunil Lalai on April 2, 2026.

Regulatory Compliance

Endurance Technologies has fulfilled all disclosure requirements as mandated by SEBI Master Circular and Listing Regulations. The company submitted comprehensive details including the reason for resignation and effective date of cessation to both BSE and NSE, ensuring transparency for stakeholders and investors.

Endurance Technologies Limited has secured a favorable ruling from the Uttarakhand High Court in a significant GST dispute case. The court has quashed a substantial demand order and directed fresh proceedings, providing relief to the automotive components manufacturer.

GST Demand Order Details

The original controversy stemmed from an order passed by the Deputy Commissioner, Rudrapur - I, Uttarakhand, relating to financial year 2021-22. The GST order imposed significant financial implications on the company:

The demand order was based on several alleged discrepancies, including:

• Mismatch of input tax credit compared to details stated in GSTR-2A
• Reversal of input tax credit by customers
• Issues related to sundry creditors
• Questions regarding eligibility of input tax credit

Legal Challenge and Court Proceedings

Endurance Technologies filed a Writ Petition before the Uttarakhand High Court challenging the GST order on procedural grounds. The company's primary contention was that the order was issued without providing an opportunity for personal hearing, which constitutes a violation of natural justice principles.

The legal proceedings followed a structured timeline:

High Court Verdict

The Uttarakhand High Court delivered a comprehensive verdict in favor of Endurance Technologies. After considering the submissions made by the company, the court took the following decisive actions:

• Quashed the entire GST order issued by the Deputy Commissioner
• Remanded the matter back to the relevant authority for fresh assessment
• Accepted the company's arguments regarding procedural violations

This ruling effectively nullifies the immediate financial impact of Rs. 13.52 crore on the company while ensuring that proper procedures are followed in any reassessment.

Regulatory Compliance

The company has maintained transparency throughout the legal proceedings by providing timely updates to stock exchanges under Regulation 30 of the SEBI Listing Regulations. This latest disclosure continues the company's commitment to keeping stakeholders informed about material developments that could impact business operations.

The favorable court ruling provides Endurance Technologies with an opportunity to present its case properly during the reassessment process, ensuring adherence to principles of natural justice and fair hearing procedures.