Endurance Technologies Limited , a prominent auto component manufacturer, has made a strategic move to bolster its presence in southern India. The company has acquired a leasehold plot of approximately 8.9 acres in the Kancheepuram District of Tamil Nadu from the State Industrial Promotion Corporation of Tamil Nadu Limited (SIPCOT).

Expansion Plans

The land acquisition is part of Endurance Technologies' plan to expand its manufacturing operations in the southern region of India. The company aims to enhance its capacity to serve two and four-wheeler OEM (Original Equipment Manufacturer) customers operating in the area.

Memorandum of Understanding

Following the land acquisition, Endurance Technologies has signed a Memorandum of Understanding (MoU) with the Tamil Nadu State Government. Under this agreement, the government will facilitate the company's investment by providing necessary infrastructural and regulatory support.

Potential Manufacturing Facility

Endurance Technologies is currently evaluating the possibility of setting up a manufacturing facility on the newly acquired land. The proposed facility would focus on the production of two-wheeler disc brake components and assemblies. This move is in response to the growing demand from OEMs in the region.

Market Impact

The news of this expansion has caught the attention of investors, leading to notable movement in the company's share price. The disclosure was made following an article published in the Times of India and the subsequent market reaction.

Company's Statement

In an official statement, Endurance Technologies clarified that the land acquisition and potential facility setup are part of its strategic expansion plans. The company emphasized its commitment to meeting the increasing demand from OEMs in the southern region.

Regulatory Compliance

Endurance Technologies has stated that there is currently no requirement under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 to make any specific disclosure to the Stock Exchanges regarding this development. However, the company has assured its commitment to complying with all applicable regulatory requirements and will promptly disclose any material information as required under the Listing Regulations.

This expansion move by Endurance Technologies underscores the company's focus on strengthening its market position and catering to the growing automotive component demand in southern India. As the evaluation for the new manufacturing facility progresses, stakeholders will be keenly watching for further developments in this strategic initiative.

Endurance Technologies Limited , a prominent player in the automotive component manufacturing sector, has initiated a postal ballot process to seek shareholder approval for the appointment of Mr. Shyamak Ramyar Tata as an Independent Director. The proposed appointment, if approved, will be effective from November 1, 2025, for a five-year term ending October 31, 2030.

Key Details of the Proposal

The company's Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has put forth this proposal. Shareholders can cast their votes through remote e-voting, which will be open from September 15 to October 14, 2025. The results of the postal ballot are expected to be declared by October 16, 2025.

About Shyamak Ramyar Tata

Mr. Tata, who holds the Director Identification Number (DIN) 07297729, brings a wealth of experience to the table:

• Served as the Chairperson of Deloitte India from 2019 to 2021
• Boasts over 35 years of experience serving large Indian and multinational companies
• Led the Audit & Assurance practice of Deloitte India from 2015 to 2019
• Served as Deloitte India's Consumer Business Industry Leader from 2007 to 2015

Current Directorships and Committee Positions

Mr. Tata currently serves as an independent director on the boards of several prominent companies:

1. Siemens Limited
2. Thermax Limited
3. Hawkins Cookers Limited

He holds chairman positions in multiple audit committees, showcasing his expertise in financial oversight and corporate governance.

Rationale for Appointment

The Board of Directors believes that Mr. Tata's appointment will strengthen the company's oversight capabilities, particularly in areas of:

• Governance
• Risk management
• Audit
• Environmental, Social, and Governance (ESG) matters

His extensive experience in the automotive and manufacturing sectors aligns well with Endurance Technologies' business focus.

Terms of Appointment

If approved, Mr. Tata will be appointed as an Independent Director for a five-year term, not liable to retire by rotation. He will be entitled to sitting fees for attending Board and Committee meetings, as well as remuneration by way of commission as decided by the Board, within the limits approved by shareholders.

Voting Process

Shareholders can cast their votes electronically through the National Securities Depository Limited (NSDL) e-voting platform. The company has appointed Mrs. Sarika Kulkarni, Practicing Company Secretary, as the Scrutiniser to ensure a fair and transparent voting process.

Endurance Technologies Limited's move to bring Mr. Shyamak Ramyar Tata on board as an Independent Director reflects the company's commitment to enhancing its corporate governance structure and leveraging diverse expertise for sustainable growth in the evolving business landscape.