Endurance Technologies Limited has elevated Ms. Preety Raj, its Chief Human Resources Officer, to the President cadre effective April 1, 2026. This move categorises her as Senior Management Personnel in accordance with the company's Nomination and Remuneration Policy. The elevation follows the annual performance evaluation process and aims to strengthen the company's leadership structure.

The appointment was disclosed to the stock exchanges on June 23, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company referenced a specific SEBI Circular dated January 30, 2026, regarding the disclosure of senior management changes.

Ms. Preety Raj brings over 28 years of experience spanning the automotive, information technology, banking, and services sectors. She holds a Master's degree in Human Resources and Industrial Relations, a Diploma in Management from Harvard Business School, and an Executive MBA from IIM Bangalore. Her expertise includes HR strategy, organisational transformation, leadership development, and diversity, equity & inclusion (DE&I).

In her current role, she oversees Human Resources and Administration functions, driving people strategy and organisational effectiveness. The terms and conditions of her employment remain governed by her existing agreement with the company.

Details of Appointment

Endurance Technologies will invest approximately Rs 62 crore to expand manufacturing capacity at its Mindewadi plant in District Pune, targeting the production of battery packs for the four-wheeler segment. The company aims to add 3,640 battery packs per month, with the capacity addition expected to be completed in Q3 of the current financial year. This expansion follows the recent commencement of commercial production for two-wheelers at the same facility on June 17, 2026.

The project will be financed through internal accruals. The company stated that it is in an advanced stage of discussion with a four-wheeler EV OEM for the supply of these battery packs. The existing facility currently has an installed capacity of approximately 26,000 battery packs per month for two-wheelers, with a target to achieve 70% utilisation by October 2026.

Capacity and Investment Details

The strategic move allows the company to expand into the four-wheeler market, strengthening its presence in the electric mobility sector. The initial greenfield project was approved with a capital expenditure outlay of approximately Rs 473 million.