Sunita Tools Limited (formerly known as Sunita Tools Private Limited) has notified BSE Limited of an upcoming Board of Directors meeting, scheduled for Friday, May 15, 2026. The intimation, dated May 12, 2026, has been filed in compliance with Regulation 29(1) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Board Meeting Details

The meeting is set to be held at the company's Corporate Office located at 13th Floor, 1305/1306, Accord Classic, Station Road, Anupam Stationery Plaza, Jaiprakash Nagar, Mumbai - 400063, Mumbai Suburban, Maharashtra, India. The key details of the scheduled meeting are outlined below:

Agenda and Key Business

The primary agenda of the Board Meeting includes the discussion and approval of the Audited Financial Results, both on a Standalone and Consolidated basis, for the half year and year ended March 31, 2026. Any other business with the permission of the Chair may also be taken up during the meeting.

Trading Window Closure

In accordance with the Code of Conduct adopted under SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of Sunita Tools Limited is already closed. The trading window will reopen 48 hours after the conclusion of the Board Meeting.

The intimation has been signed by Satish Kumar Pandey, Managing Director (DIN: 00158327), on behalf of Sunita Tools Limited.

Sunita Tools Limited , through its wholly owned subsidiary Sunita Defence Inc USA, has acquired a 51% ownership stake in New Mold Innovations LLC, a specialty grease, mold, and manufacturing company headquartered in Kentucky, USA. The announcement was made on May 06, 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Acquisition Details

The acquisition gives Sunita Defence Inc USA a controlling interest in New Mold Innovations LLC, a fully operational manufacturing facility led by Mr. Randal Alexander, Owner and President. The acquired entity maintains an established customer database spanning aerospace, automation, capital goods, machinery, and mold manufacturing industries. Key parameters of the transaction are summarised below:

Payment and Profit Distribution Structure

The total consideration of USD 4,19,000 is structured in two equal tranches of USD 2,09,500 each. The first tranche is payable at closing, while the second tranche becomes due upon commencement of production. The first tranche remittance of INR 1,44,55,500 (equivalent to approximately USD 1,50,000) has already been remitted to Sunita Defence Inc. The balance payment is expected to be completed by end of May, 2026.

Following the closing, net profits will be distributed on a 75:25 basis in favour of Sunita Defence Inc until a cumulative preferred return of USD 3,44,000 is recovered. Thereafter, profit distributions will revert to the standard ownership ratio of 51:49.

Manufacturing Capacity and Product Profile

New Mold Innovations LLC operates a fully functional factory with an installed capacity to manufacture 47 lacs cartridges of grease, each selling at USD 3.2. The company's flagship product, NMI Multi-Purpose Grease, is designed for extreme pressure, high temperature, and low temperature applications, featuring the LeakLock™ Grease Cartridge technology with a drop point of 500°F and NLGI #2 specification.

The subsidiary is headed by Mr. Abheshek Satish Pandey, an Aerospace, Space and Astronautics Engineer from the UK with a Master's degree in Management Information Systems/Business Analytics from the USA.

About Sunita Tools Limited

Sunita Tools Limited brings over 37 years of experience in the Engineering and Mould Base Industry. The company's core expertise includes the manufacture of Ground Plates, Mould Bases, and Precision CNC Machining, in addition to 155mm M107 shells manufacturing. Its products serve as essential components across multiple sectors:

• Automotive
• Pharmaceutical
• Electronics
• Consumer Goods
• Aerospace
• Defence

Management Commentary

Commenting on the development, Mr. Sanjay Pandey, Chairman & Whole Time Director of Sunita Tools Limited, stated:

"We are pleased to announce that our Wholly Owned Subsidiary (100%) 'Sunita Defence Inc' USA Company has acquired 51% ownership in a USA based, Grease (Aerospace, Automation, Specialised) Manufacturing company which falls in line and vision of Sunita Tools becoming a international defence & Aerospace products mfg company. With Abheshek and our partner we have a highly qualified and able leaders to head the operations of that subsidiary and we are sure with our vision and their talent and hard work we will be able to succeed in the USA and North American Markets. This Company has a database of companies in field of Aerospace, Capital Goods, Machinery, Defence, Agriculture, Engineering and this will establish us very rapidly in the USA markets in the fields we wish to grow in and encash on our strengths. With a committed payback period by the present owner it's a safe investment to kick start our USA venture."