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."

Sunita Tools Limited , formerly known as Sunita Tools Pvt Ltd, has announced the establishment of a full-time office in Chicago, USA, by its 100% wholly owned subsidiary, Sunita Defence Inc USA. The disclosure was made in pursuance of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was communicated to BSE Limited on May 05, 2026. The new office is located at 401 N Michigan Ave, Ste 1200, Chicago IL 60611 USA.

US Subsidiary: Key Details

The following table summarises the key details of the newly established US office:

Purpose and Strategic Objectives

The subsidiary has been created with the vision to bid, quote, and supply the company's present and future defence products to various US entities. In addition, Sunita Defence Inc will actively evaluate strategic acquisition opportunities in the aerospace, defence, engineering, and manufacturing sectors. Key focus areas for the US office include:

• Bidding, quoting, and supplying 155mm M107 shells and other defence products to US-based entities
• Identifying potential acquisition targets in aerospace, defence, engineering, and manufacturing
• Expanding the company's footprint in the United States and the wider North American market

Leadership of US Operations

The US subsidiary is headed by Mr. Abheshek Satish Pandey. He holds a degree in Aerospace, Space and Astronautics Engineering from the United Kingdom and further pursued a Master's degree in Management Information Systems/Business Analytics from the United States. His qualifications and work experience are noted as making him well-suited to represent the company and its products to major US-based companies in the aerospace and defence sector, as well as to identify potential acquisition targets in aerospace, defence, engineering, and manufacturing.

Management Commentary

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

"We are pleased to share that our 100% Wholly Owned Subsidiary in the United States has commenced full-time operations. The US office will focus on bidding, quoting, and supplying the much in demand and much enquired 155mm M107 shells and various other defence products from USA. In addition, the subsidiary will actively evaluate strategic acquisition opportunities in the aerospace, defence, engineering, and manufacturing sectors, in alignment with our long-term vision of positioning Sunita Tools as a global defence products manufacturing company. We are confident that under the leadership of Mr. Abheshek Satish Pandey, who heads our US operations, the Company will be well-positioned to expand its footprint in the United States and the wider North American market. His technical expertise and business acumen will be instrumental in driving this next phase of growth."

About Sunita Tools Limited

Sunita Tools Limited has over 37 years of experience in the Engineering and Mould Base Industry. The company's core expertise lies in the manufacture of Ground Plates, Mould Bases, and Precision CNC Machining. It has also commenced manufacturing of 155mm M107 shells and holds a sizable interim Sales Contract for the same. The company's products serve as essential components for manufacturing industries spanning automotive, pharmaceutical, electronics, consumer goods, aerospace, defence, and numerous other sectors.