Endurance Technologies Limited has completed the divestment of Veicoli Srl, a wholly-owned step-down subsidiary based in Italy, marking the conclusion of a transaction initiated earlier this year. The finalization of this sale removes Veicoli from the company’s consolidated group structure, simplifying its overseas operational footprint in Europe. This move follows the execution of a Share Purchase Agreement (SPA) by Endurance Overseas SpA, Italy (EOSpA), another wholly-owned subsidiary of Endurance Technologies , which was disclosed to the exchanges on June 24, 2026.

The transaction was contingent upon the receipt of requisite regulatory approvals, which EOSpA confirmed it had obtained prior to closing. Pursuant to Regulation 30 read with Part A of Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company notified the stock exchanges that the formalities for the transfer of 100% shareholding in Veicoli were completed on August 3, 2026. With the transfer executed, Veicoli has ceased to be a subsidiary of EOSpA and, consequently, of Endurance Technologies Limited.

Transaction Details

The divestment involves the complete exit from Veicoli Srl through its intermediate holding company, EOSpA. The timeline and key regulatory aspects of the transaction are outlined below:

Sunil Lalai, Company Secretary, Compliance Officer and Head – Legal at Endurance Technologies, signed the disclosure submitted to the Bombay Stock Exchange and the National Stock Exchange of India Limited. The filing confirms that all conditions precedent related to regulatory clearances were satisfied before the transfer of shares was formalized.

Strategic Context

The divestment of Veicoli represents a structural adjustment in Endurance Technologies’ international operations. By exiting this specific entity, the company streamlines its subsidiary hierarchy in Italy. The process was managed through EOSpA, indicating a centralized approach to managing overseas assets. The completion of the transaction ensures compliance with Indian listing norms regarding significant corporate actions involving foreign subsidiaries. No financial consideration or valuation metrics were disclosed in the exchange filing, focusing instead on the procedural completion and regulatory adherence of the divestment.

Endurance Technologies Limited has recommended a dividend of ₹11.50 per equity share for the financial year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting. The dividend, if declared, will be credited on or after August 18, 2026, to members whose names appear in the Register of Members or as beneficial owners as of the Record Date on July 31, 2026. The Board of Directors approved the recommendation at its meeting held on May 14, 2026.

The Twenty Seventh Annual General Meeting of the Company is scheduled to be held on Thursday, August 13, 2026, at 4.00 p.m. (IST) at Tango Hall, Gateway Aurangabad, Chh. Sambhajinagar. The Register of Members and Share Transfer Books will remain closed from August 1, 2026, to August 13, 2026, both days inclusive, for the purpose of the AGM and determining dividend entitlement.

Members holding shares as on the Cut-off Date of August 6, 2026, are eligible to cast their votes electronically through the remote e-voting facility provided by National Securities Depository Limited (NSDL). Remote e-voting will commence on August 10, 2026, at 9.00 a.m. (IST) and conclude on August 12, 2026, at 5.00 p.m. (IST). Members who do not vote remotely may cast their votes at the AGM venue.

The Board has appointed Mr. Jayavant Bhavne, Practicing Company Secretary, as the Scrutiniser to ensure the voting process is conducted fairly and transparently. The Notice of AGM, along with the Annual Report for FY 2025-26, has been dispatched to members via email and is available on the Company's website.

Key AGM and Dividend Details