Endurance Technologies Limited’s wholly-owned subsidiary, Endurance Overseas SpA (EOSpA), has increased its ownership in two German entities to 68%. EOSpA executed a transfer agreement on June 29, 2026, to acquire an additional 8% stake in Stöferle GmbH and Stöferle Automotive GmbH. This strategic move raises the subsidiary's total shareholding in the target companies from the previous 60%.

The acquisition aligns with the Share Purchase Agreement originally signed in December 2024. This latest transaction follows prior intimations submitted on December 12, 2024, and April 2, 2025, which detailed the initial acquisition of a 60% stake. The company formally received confirmation of the additional share purchase on July 1, 2026.

The following table details the shareholding changes in the target companies:

The disclosure was made to the stock exchanges in compliance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Sunil Lalai, Company Secretary and Compliance Officer for Endurance Technologies Limited.

Endurance Technologies Limited has agreed to sell its step-down subsidiary Veicoli Srl to Banyan Software UK Limited for €2.2 million. The sale allows Endurance Technologies to focus resources on its core auto components business. The transaction is expected to be completed on July 1, 2026, subject to regulatory approvals.

Endurance Overseas SpA, a wholly-owned subsidiary of Endurance Technologies, entered into a Share Purchase Agreement on June 23, 2026. Veicoli Srl provides software platforms for the fleet management sector. The buyer is a body corporate registered in the United Kingdom and is not part of the promoter group.

The total consideration comprises an upfront fixed payment of €2.2 million and a deferred fixed payment of €0.3 million. Additionally, the deal includes an earn-out consideration linked to Veicoli's financial results for the first three years after completion, capped at €5.0 million. The transaction is a share sale and does not constitute a slump sale or a related party transaction.

Veicoli Srl reported a total income of Rs. 32.58 crore for the financial year 2025-26, representing 0.22% of the consolidated total income of Endurance Technologies. The net worth of Veicoli Srl as of March 31, 2026, stood at Rs. 3.15 crore, accounting for 0.48% of the consolidated net worth. Upon completion, Veicoli will cease to be a subsidiary of Endurance Overseas SpA and consequently of Endurance Technologies.

Key Transaction Details