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.

Endurance Technologies Ltd., a prominent player in the auto components sector, witnessed a significant block trade on the National Stock Exchange (NSE) recently. The transaction involved approximately 69,856 shares of the company, highlighting notable investor activity in the stock.

Transaction Details

The block trade was executed at a price of Rs. 3,008.30 per share, resulting in a total transaction value of Rs. 21.01 crore. This substantial trade underscores the continued interest in Endurance Technologies' shares among institutional investors or large traders.

Market Impact

Block trades of this magnitude often attract attention in the market as they can potentially influence stock prices and indicate shifts in institutional holdings. However, it's important to note that the immediate impact on the company's overall market capitalization or stock price trend would depend on various factors, including market conditions and investor sentiment.

Company Overview

Endurance Technologies Ltd. is known for manufacturing a wide range of auto components, including aluminum die castings, suspensions, transmissions, and braking systems. The company serves both domestic and international markets, catering to various segments of the automotive industry.

This block trade may prompt investors and analysts to closely monitor Endurance Technologies' future performance and any potential disclosures regarding changes in substantial shareholdings.