Belrise Industries has issued a regulatory disclosure correcting the date of its strategic partnership agreement with Israel's Plasan Sasa. The company clarified that the three-year exclusive teaming and strategic agreement was signed on December 22, 2025, not December 18, 2025 as previously reported. The partnership focuses on jointly pursuing opportunities in the Indian defense market, particularly for ATEMM (All-Terrain Electric Mission Module) series vehicles.

Regulatory Disclosure and Agreement Correction

In its filing to BSE and NSE dated December 23, 2025, Belrise Industries provided detailed disclosure under Regulation 30 of SEBI Listing Regulations. The company acknowledged the inadvertent error in the previously mentioned date and confirmed the actual signing date as December 22, 2025.

Strategic Partnership Framework

The agreement establishes a comprehensive framework for cooperation between the two companies across multiple dimensions. The partnership encompasses joint identification, pursuit, and execution of business opportunities, including tenders from the Ministry of Defence (MoD), Public Sector Undertakings (PSUs), paramilitary forces, and other relevant governmental authorities.

ATEMM Platform and Defense Applications

The collaboration centers on the ATEMM (All-Terrain Electric Mission Module) series vehicles, described as cutting-edge self-propelled electric platforms designed to enhance operational payload, energy efficiency, survivability, and mobility for modern armed forces. The partnership aims to introduce and adapt the ATEMM platform for Indian military applications, leveraging Plasan's expertise in survivability and automotive systems combined with Belrise's strong industrial presence in India.

Technical Collaboration and Global Supply Chain Integration

The agreement establishes a framework for joint technical development, processes, and capability building initiatives. Beyond the Indian market, the collaboration aims to enable Belrise Industries to emerge as a prime source of sub-systems and systems for Plasan's global supply chain, supporting cost-effective production for worldwide operations.

Company Financial Position

According to the regulatory disclosure, Belrise Industries reported revenues of ₹800.40 crores in March 2025. The company operates 20 manufacturing facilities across India and maintains a diversified portfolio spanning safety critical systems, chassis components, and advanced engineering solutions. Plasan Sasa serves as a global leader in survivability and armor solutions, providing advanced protection systems for military vehicles and personnel worldwide.

Belrise Industries Limited has incorporated a step-down wholly-owned subsidiary in France to expand its operations in the defense and aerospace sector. The company announced this development through a regulatory filing dated December 16, 2025, pursuant to Regulation 30 of the SEBI Listing Regulations.

Subsidiary Details and Structure

The newly incorporated entity, Belrise SDM, has been established in France with its registered office at 1 Place de la Gare, 59000 Lille, France. The subsidiary's capital structure and ownership details are outlined below:

Business Scope and Objectives

Belrise SDM will operate in specialized technology sectors aligned with the parent company's core business activities. The subsidiary's business scope encompasses:

• Engineering and mechanical technologies
• Optical, electrical, and electronic technologies
• Software development for specialized applications
• Technologies for defense, space, and aerospace industries
• Related industrial activities supporting these sectors

The company emphasized that the business activities of the proposed subsidiary are aligned with the main line of business of Belrise Industries Limited, ensuring strategic coherence in operations.

Regulatory Compliance and Related Party Status

The step-down wholly-owned subsidiary will be classified as a related party of Belrise Industries starting from its incorporation date. The company has confirmed that promoters, promoter groups, and group companies have no additional interest in the newly formed entity beyond the existing corporate structure.

Strategic Implications

The incorporation of Belrise SDM represents the company's expansion into international markets, specifically targeting the European defense and aerospace sector. As a newly incorporated entity with capital subscribed on December 15, 2025, the subsidiary currently has no operational history or turnover. The establishment follows applicable French laws and regulations for corporate incorporation.

The company has indicated that this submission will be hosted on its website under the Investor Relations section at https://belriseindustries.com , ensuring transparency and accessibility for stakeholders.