Endurance Technologies Receives Enhanced Industrial Promotion Subsidy of ₹858.29 Crore

1 min read     Updated on 13 Jan 2026, 06:52 PM
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Reviewed by
Jubin VScanX News Team
Overview

Endurance Technologies Limited has received an addendum increasing its Industrial Promotion Subsidy eligibility to ₹858.29 crore, representing a ₹252.26 crore increase from the previous ₹606.03 crore under Maharashtra's Package Scheme of Incentives - 2019. The enhanced subsidy covers investments in fixed assets from April 2019 to March 2025 at Waluj units, with future annual benefits of up to ₹125.38 crore through September 2031.

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*this image is generated using AI for illustrative purposes only.

Endurance technologies Limited has received a significant boost to its industrial promotion subsidy eligibility, with the Directorate of Industries, Government of Maharashtra issuing an addendum that increases total incentives to ₹858.29 crore under the Package Scheme of Incentives - 2019. This development marks a substantial enhancement from the company's previously reported subsidy eligibility.

Enhanced Subsidy Details

The addendum represents a considerable increase in the company's subsidy eligibility, as outlined in the following comparison:

Parameter: Amount (₹ crore)
Enhanced Subsidy Eligibility: 858.29
Previous Eligibility: 606.03
Net Increase: 252.26
Percentage Increase: 41.63%

These incentives are specifically tied to investments made in fixed assets from April 1, 2019, up to March 31, 2025, at the company's eligible units situated at Waluj, District Chhatrapati Sambhajinagar.

Scheme Framework and Implementation

The enhanced subsidy falls under the Mega Projects - Investment Based category of the Package Scheme of Incentives - 2019. The company plans to utilize these incentives through two primary mechanisms:

  • Industrial Promotion Subsidy via refund of SGST collections by eligible units
  • Electricity Duty exemption benefits

The subsidy structure is subject to fulfillment of requisite terms, conditions, and compliances under the scheme as mandated by the Maharashtra government.

Future Benefit Structure

For the remaining period of the scheme, spanning from April 1, 2025, to September 30, 2031, the company will be eligible for substantial annual benefits:

Period Details: Specifications
Remaining Scheme Period: April 1, 2025 to September 30, 2031
Annual Admissible Incentive: Up to ₹125.38 crore
Calculation Basis: Per financial year or pro rata basis
Total Remaining Period: Approximately 6.5 years

Regulatory Compliance

The announcement was made in compliance with Regulation 30 read with Part C of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows the company's earlier intimation dated April 4, 2025, regarding the original Eligibility Certificate issued by the Directorate of Industries, Government of Maharashtra.

The enhanced subsidy eligibility represents a significant financial advantage for Endurance Technologies Limited, providing substantial support for its expansion activities under the Maharashtra government's industrial promotion initiatives. The company has formally notified both BSE Limited and National Stock Exchange of India Limited about this development on January 13, 2026.

Historical Stock Returns for Endurance Technologies

1 Day5 Days1 Month6 Months1 Year5 Years
+0.57%+1.55%-2.00%-1.34%+29.01%+89.03%
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Endurance Technologies Reports Insider Share Purchase by Designated Person

1 min read     Updated on 01 Jan 2026, 12:08 PM
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Reviewed by
Radhika SScanX News Team
Overview

Endurance Technologies Limited disclosed an insider trading transaction where designated person Mr. Srihari Kanthamani purchased 800 equity shares worth ₹20.51 lakh on December 30, 2025. The transaction increased his holding from 25 to 825 shares (0.000058% stake) and was executed on NSE. The disclosure was filed in compliance with SEBI insider trading regulations.

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*this image is generated using AI for illustrative purposes only.

Endurance Technologies Limited has filed a mandatory disclosure regarding an insider trading transaction by one of its designated persons. The company submitted the disclosure to both BSE and NSE on January 1, 2026, in compliance with regulatory requirements.

Transaction Details

The insider trading disclosure pertains to a share purchase transaction executed by Mr. Srihari Kanthamani, who serves as Vice President - Corporate Purchase and holds the designation of a designated person under SEBI regulations.

Parameter: Details
Purchaser: Mr. Srihari Kanthamani
Designation: Vice President - Corporate Purchase
Category: Designated Person
PAN: ACOPK8447R
Transaction Date: December 30, 2025
Intimation Date: December 31, 2025

Share Purchase Transaction

The transaction involved the acquisition of equity shares through on-market purchase on the National Stock Exchange (NSE). The purchase represents a significant increase in the designated person's shareholding in the company.

Metric: Before Transaction After Transaction
Number of Shares: 25 shares 825 shares
Percentage Holding: 0.0000018% 0.000058%
Shares Purchased: - 800 shares
Transaction Value: - ₹20,51,200
Exchange: - NSE
Transaction Type: - Buy (On Market)

Regulatory Compliance

The disclosure was made pursuant to Regulation 7(2)(b) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The company received the disclosure from Mr. Kanthamani on December 31, 2025, and subsequently filed it with the stock exchanges.

The filing was signed by Sunil Lalai, Company Secretary, Compliance Officer and Head – Legal (Membership No.: A8078), who submitted the disclosure to ensure compliance with insider trading regulations. The document confirms that no derivative trading was involved in this transaction.

Company Information

Endurance Technologies Limited is listed on both BSE (Code: 540153) and NSE (Code: ENDURANCE) with ISIN INE913H01037. The company is headquartered in Pune, Maharashtra, and operates in the automotive ancillaries sector.

Historical Stock Returns for Endurance Technologies

1 Day5 Days1 Month6 Months1 Year5 Years
+0.57%+1.55%-2.00%-1.34%+29.01%+89.03%
Endurance Technologies
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