Interim report
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ENDURANCE TECHNOLOGIES LIMITED 2nd Floor, Kumar Solitaire, S. No. 216B/218A/215A, Near Aga Khan Palace, Shastri Nagar, Nagar Road, Pune-411 006 (M.S.), India Tel: +91-20-68284200 Fax: +91-20-26680894 Website: www.endurancegroup.com CIN No. L34102MH1999PLC123296 3rd November, 2026 BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 BSE Code: 540153 National Stock Exchange of India Limited, Exchange Plaza, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051 NSE Code: ENDURANCE Sub.: Outcome of the Board meeting held on 3 rd November, 2026 Ref.: Regulation 30 (read with Part A of Schedule III) and Regulation 33 of the SEBI (Listing Obligations and Disc losure Requirements) Regulations, 2015 (“Listing Regulations”) Dear Sir / Madam, We hereby inform you that the Board of Directors of the Company, at its meeting held today i.e. 3 rd November, 2026, consid ered and approved, inter alia , the unaudited financial statements, both standalone and consolidated, for the quarter and half year ended 30th September, 2026 (“Unaudited Financial Results”). Pursuant to the Listing Regulations, we enclose the following: i. Unaudited Financial Results, and ii. Limited Review Report issued on the Unaudited Financial Results. The Board meeting commenced at 1.00 p.m. and concluded at 7.00 p.m. The above information will also be available on Company’s website www.endurancegroup.com. The trading window for dealing in securities of the Company, shall open on Friday, 6th November, 2026, being forty-eight hours after declaration of the Unaudited Financial Results. You are requested to take this intimation along with the accompanying enclosures on record. Thanking you, Yours faithfully, For Endurance Technologies Limited Sunil Lalai Company Secretary, Compliance Officer and Head – Legal Membership No.: A8078 Encl.: As above
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Sr. No l II III IV v VI VII VIII IX x XI XII XIII XIV Endurance Technologies Limited ClN: L34l02MHl999PLC123296 Registered office: E-92, M.I DC Industrial Area, Waluj, Chh, Sambhajinagar (Aurangabad)- 43 I 136, Maharashtra, India Tel no. +91-240-2569600 Emrul: i nv ~t ors(t'i)endt1rn n ce . co . in Statement of standalone unaudited Financial Results ror the quarter and half year ended 30th September, 2026 ti) ENDURANCE ~1~~5d~1:... ... ~in crore 1cxcep1 per share daia) Quarter ended Half year ended Year ended 30th September, 30th June, 30th September, 30th September, 30th September, 31st Particulars March, 2026 2026 2025 2026 2025 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Revenue from operations 3,752.73 3,182.71 2,678,22 6,935.44 5,012.78 I0,640 .18 Other income 8.49 I I.44 14.00 19 93 30.14 55.81 Total Income (I+ II) 3,761.22 3,194.15 2,692.22 6,955.37 5,042.92 10,695.99 Expenses (a) Cost of materials consumed 2,717.55 2,214.43 1,771.26 4,93 1.98 3,315.22 7,006 .71 (b) Purchases of stock-in-trade (traded goods) 27.23 19.57 21.56 46.80 39.29 94.00 (c) Changes in stock of finished goods, stock-in-trade (108.46) (49,55) (26.38) (158.01) (64.95) (72.42) and work-in-progress ( d) Employee benefits expense 150.41 146.29 130.54 296.70 252.35 504 .79 (e) Finance costs 7.47 4.56 2.28 12.03 3.79 10.05 (t) Depreciation and amortisation expense 99.42 92,87 81.86 192.29 163.27 339.41 (g) Other expenses 579.78 505.63 459.35 l,085.41 859,51 1,81!.79 Total expenses (IV) 3,473.40 2,933.80 2,440.47 6,407.20 4,568.48 9,694.33 Profit before exceptional items and tax (III- IV) 287.82 260.35 251.75 548.17 474.44 1,001.66 Exceptional items - - - - - 20.64 Profit before tax (V - VI) 287.82 260.35 251.75 548.17 474.44 981.02 Tax expense Current tax 72.34 67.77 64.54 140.11 123.88 250.97 Short/( excess) provision for tax relating to earlier years - - - - (5.08) Deferred tax ( credit)/charge 2.00 (2.04) (0.37) (0.04) (2.84) 1.30 Total tax expense 74.34 65.73 64.17 140.07 121.04 247.19 Profit for the period/year (VII - VIII) 213.48 194.62 187.58 408.10 353.40 733.83 Other comprehensive income I (loss) Items that will not be reclassified to profit or loss in subsequent 3.03 0.84 (0.92) 3.87 (3.22) (0.43) periods (net of tax) Total comprehensive income (IX+ X) 216.51 195.46 186.66 411.97 350.18 733.40 Paid-up equity share capital 140.66 140.66 140.66 140.66 140,66 140,66 (Face value on IO/- each) Other equity - - - - - 4,800 .09 Earnings per share (Face value of~ 10/- each) (not annualised): Basic & diluted(~) 15.18 13.84 13.33 29.01 25.12 52.17
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Sr. No. 1 2 1 2 3 Endurance Technologies Limited CIN: L34102MH1999PLCl23296 Registered office: E-92, M.l.D.C. Industrial Area, Waluj, Chh Sambhajinagar (Aurangabad)- 431136, Maharashtra, India Tel no. +91-240-2569600 Email: investors@endurance.co.in Standalone unaudited Balance Sheet as at 30th September, 2026 As at Particulars 30th September, 2026 Unaudited ASSETS Non-current assets (a) Property, plant and equipment 2,623 .97 (b) Capital work-in-progress 252.02 ( c) Other intangible assets 64.31 ( d) Intangible assets under development 0.39 (e) Investments in subsidiaries 513.82 (f) Financial assets ( i) Investments 26.41 (ii) Loans - (iii) Other financial assets 14.35 (g) Other non-current assets 49.64 3,544.91 Current assets (a) Inventories 1,034.60 (b) Financial assets (i) Investments 322.90 (ii) Trade receivables 1,742.65 (iii) Cash and cash equivalents 68.73 (iv) Bank balances other than (iii) above 0.04 (v) Loans 3.41 (vi) Other financial assets 287.06 ( c) Other current assets 75.01 3,534.40 Total Assets (1+2) 7.079.31 EQUITY AND LIABILITIES Equity (a) Equity share capital 140.66 (b) Other equity 5,050.30 5,190.96 Liabilities Non-current liabilities (a) Financial liabilities (i) Lease liabilities 15.39 (ii) Other financial liabilities 20.94 (b) Provisions 0.47 (c) Deferred tax liabilities (net) 14.34 51.14 Current liabilities (a) Financial liabilities ( i) Borrowings 133.01 (ii) Lease liabilities 7.86 (iii) Trade payables (a) Total outstanding dues of micro enterprises and small enterprises 279.37 (b) Total outstanding dues of creditors other than micro enterprises 1,158.49 and small enterprises (iv) Other financial liabilities 59.49 (b) Other current liabilities 83.03 ( c) Provisions 73.99 (d) Current tax liabilities (net) 41.97 - 1,837.21 ~c,\\NO~ Total Equity and Liabilities (1+2+3) ~Q~ 7.079.31 <J/ ~ W;, l ~~~ I ~ " O,,yJ * <:>">'Y -- (!) ENDURANCE C-tf4•~> fin crore As at 31st March, 2026 Audited 2,254 .92 458.68 69.40 0.68 513.82 16.05 7.70 13.92 29.70 3,364.87 710.22 530.21 1,255.78 26.79 0.04 2.95 241.20 64.02 2,831.21 6,196.08 140.66 4,800.09 4,940.75 18.32 20.64 - 14.53 53.49 - 8.02 168.54 784.94 88.45 73.68 56.02 22.19 l,201.84 6,196.08
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Sr. No. A B c Endurance Technologies Limited CIN: L341021v1Hl999PLCl23296 Registered office: E-92, M.LD.C. Industrial Area, Waluj, Chh. Sambhajinagar (Aurangabad) - 431136, Maharashtra, India Tel no. +91-240-2569600 Email: investors@endurance .co.in Standalone unaudited Statement of Cash Flows for the half year ended 30th September, 2026 For the half For the half Particulars year ended year ended 30th September, 30th September, 2026 2025 Unaudited Unaudited Cash Dow from operating activities Profit before tax 548,17 474.44 Adjustments for: Depreciation and amortisation expense 192.29 163.27 Allowance for expected credit loss on trade receivables (net) - (5.31) Bad debts written off - 5.31 Interest expenses 11.45 3.47 Profit on sale of property, plant and equipment (net) (2.16) (2.39) Excess provision/creditors written back - - Unrealised exchange (gain)/loss (net) 3.27 (2.16) Gain on financial instruments carried at fair value through Profit (10.74) (15.06) or Loss (net) Exceptional items - - {Profit)/Loss on lease modification (net) - (0.41) Interest income (l.18) (l.48) Operating profit before working capital changes 741.10 619.68 Working capital adjustments Adjustments for (increase)/decrease in operating assets: Inventories (324.38) (115.12) Trade receivables (487.86) (262.83) Other financial assets (49.67) (30.46) Other assets (10.20) (2.09) Adjustments for increase/( decrease) in operating liabilities : Trade payables 484.55 124.25 Provisions I2.21 8.79 Other current liabilities 9.35 19.13 Other financial liabi lilies 0.30 2.76 Cash generated from operating activities 375.40 364.11 Direct taxes paid (net of refunds) (120.33) (93.55) Net cash Dows from operating activities 255.07 270.56 Cash Dow from investing activities Purchase of property, plant and equipment; and intangible assets (401.04) (459.80) (including capital work in progress, intangible assets under development and capital advances) Proceeds on sale of property, plant and equipment 5.70 5.17 Investment in subsidiary - (7.50) Investment in equity shares (0.21) (0.21) Loan repaid by I (given to) subsidiary 7.70 - Redemption/(lnvestment) in mutual funds (net) 218.06 212.76 Decrease in other bank balances 0 01 - Interest received 0.96 1.28 Net cash Dows used in investing activities (168.82) (248.30) Cash Dow from financing activities Proceeds from I (Repayments of) short term borrowings (net) 133.01 50.00 Dividend paid (161.77) (140.66) Interest expenses (10.08) (2.08) Payment of interest portion oflease liability (1.37) (1.25) Payment of principal portion of lease liability (4.10) (2.52) Net cash nows used in financing activities (44.31) (96.St) Net increase/(decrease) in cash and cash equivalents 41.94 (74.25) Cash and cash equivalents at the beginning of the period/year 26.79 92.15 Cash and cash equivalents at the end of the period/year 68.73 17.90 Net increase/( decrease) in cash and cash equivalents 41.94 (74.25) *Represents value less than Rs 50,0001- €) ENDURANCE l'~~Tc~lc.W.-..1 fin crore For the year ended 31st March, 2026 Audited 981.02 339.41 (6.72) 6.73 9.35 (5.46) (0.97) (4.65) (22.26) 20.64 (0.41) (2.59) 1,314.09 (148.14) (121.49) (45.47) (16.97) I70.07 5.38 (33.51) 7.31 I.131.28 (235,64) 895.64 (828.06) 12.62 (7.50) (0.21) 6.00 10.41 * 0.00 2.18 (804.55) - (140.66) (6.62) (2.73) (6.43) (156.44) (65.36) 92.15 26.79 (65.36) - ~~ <: • ~ ~ ENOUAANCe i l otlt_y <:::?> 'Y * --
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Notes: The above financial results of the Company for the quarter and half year ended 30th September, 2026 have been reviewed by the Audit Committee and approved by the Board of Directors, at their respective meetings held on 3rd November, 2026. The Statutory Auditors of the Company have carried out a limited review of these financial results. 2 The operating segment of the Company is identified to be, 'Automotive Components'. Therefore, the disclosure as per Regulation 33(1 )(e) read with Clause (L) of Part A of Schedule IV to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable. 3 The shareholders, at the 27th Annual General Meeting held on 13th August, 2026, declared dividend of~ 11 .50 per equity share of face value~ 10 each fully paid up, for the financial year ended 3 lst March, 2026. The same has been disbursed during the quarter ended 30th September, 2026. 4 The figures of previous periods have been regrouped, wherever necessary, to conform to the current period's classification. Place: Mumbai Date: 3rd November, 2026 For and on behalf of the Board of Directors IL__,\- Anurang Jain Managing Director (DIN: 00291662)
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Sr. No. I II III IV v VI VII VIII IX x XI XII XIII XIV xv XVI XVII xvm Endurance Technologies Limited CIN:L34102:tv1Hl999PLC123296 Registered office: E-92, M.I.D.C. Industrial Area, Waluj, Chh. Sambhajinagar (Aurangabad) -431136, Maharashtra, India Tel no. +9 l-240-2569600 Emnil: invesiors®end urancc.co in Statement of consolidated unaudited Financial Results for the quarter and hair year ended 30th September, 2026 € ENDURANCE ,:,_.r.Tl'~...1<£o.t m crore (except oer s 1are ata) ~- d Quarter ended Halfvear ended Year ended Particulars 30th September, 30th June, 30th September, 30th September, 30th September, 31st March, 2026 2026 2025 2026 2025 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Revenue from operations 4,786.18 4,314.89 3,582.82 9,10 1.07 6,901.71 14,595.88 Other income (Refer Note 3) 24.89 33.39 20.97 58.28 56.61 123.97 Total income (I+ II) 4,811.07 4,348.28 3,603.79 9,159.35 6,958.32 14,719.85 Expenses (a) Cost of materials consumed 3,136.31 2,636.27 2,069.66 5,772.58 4,018.33 8,410.72 (b) Purchases of stock-in-trade (traded goods) 43.76 22.79 18.92 66.55 50.32 135.61 ( c) Changes in stock offinished goods, (154.74) (55.25) (36.39) (209.99) (127.08) (128.63) stock-in-trade and work-in-progress (d) Employee benefits expense 332.72 349.68 297.48 682.40 592.66 1,208.53 (e) Finance costs 24,92 17.20 13.66 42.12 27.17 57.36 ( f) Depreciation and amortisation expense 238.46 221.93 180.02 460.39 344.45 734.22 (g) Other expenses 869.09 825.58 756.31 1,694.67 1,446.77 3,004.01 Total expenses (IV) 4,490.52 4,018.20 3,299.66 8,508.72 6,352.62 13,421.82 Profit before exceptional items and tax (III-IV) 320.55 330.08 304.13 650.63 605.70 1,298.03 Exceptional items (Refer Note 4) (35.63) - - (35.63) - 20.95 Profit before tax (V - VI) 356.18 330.08 304.13 686.26 605.70 1,277.08 Tax expense Current tax 88.30 88.74 79.85 177.04 159.24 328.44 Short/( excess) provision for tax relating to earlier years - - - - (3.09) Deferred tax (credit)/charge (6.41) (3,18) (2.99) (9.59) (7.16) 0.02 Total tax expense 81.89 85.56 76.86 167.45 152.08 325.37 Profit after tax (VII - VIII) 274.29 244.52 227.27 518.81 453.62 951.71 Profit/(loss) attributable to non-controlling interest - - - - - - Profit for the period/year 274.29 244.52 227.27 518.81 453.62 951.71 Other comprehensive income I (loss) Items that will not be reclassified to profit or loss 2.73 0.63 (1.22) 3.36 (4.00) (0.44) in subsequent periods Items that will be reclassified to profit or loss in subsequent periods 22 60 0.12 64.13 22.72 231.41 312.80 Total 25.33 0.75 62.91 26.08 227.41 312.36 Total comprehensive income (IX+ XII) 299.62 245.27 290.18 544.89 681.03 1,264.07 Profit attributable to: Shareholders of the Company 274.29 244.52 227.27 518,81 453.62 951.71 Non-controlling .interest - - - - - - Total comprehensive income attributable to: Shareholders of the Company 299.62 245.27 290.18 544.89 68 1.03 1,264.07 Non-controlling interest - - - - - - Paid-up equity share capital 140.66 140.66 (Face value on 10/- each) 140.66 140.66 140.66 140.66 Other equity - - - - - 6,700.16 Earnings per share (Face value on 10/- each) (not annualised): Basic & diluted(~) 19.50 17.38 16.16 36.88 32.25 67.66
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Sr.No. 1 2 1 2 3 Endurance Technologies Limited CIN:L341021'v1H1999PLC123296 Registered office: E-92, M.I.D.C. Industrial Area, Waluj, Chh Sambhajinagar (Aurangabad) - 431136, Maharashtra, India Tel no. +91-240-2569600 Email: investors@endurance .co.in Consolidated unaudited Balance Sheet as at 30th September, 2026 As at Particulars 30th September, 2026 Unaudited ASSETS Non-current assets (a) Property, plant and equipment 4,829.38 (b) Capital work-in-progress 287.51 (c) Goodwill 725.70 (d) Other intangible assets 360.01 ( e) Intangible assets under development 0.39 (t) Financial assets (i) Investments 26.43 (ii) Other financial assets 17.33 (g) Deferred tax assets (net) 22.79 (h) Other non-current assets 64.44 6,333.98 Current assets (a) Inventories 1,572.44 (b) Financial assets (i) Investments 879.15 (ii) Trade receivables 2,270.27 (iii) Cash and cash equivalents 915.05 (iv) Bank balances other than (iii) above 0.04 (v) Loans 3.41 (vi) Other financial assets 292.05 (c) Current tax assets (net) 67.11 ( d) Other current assets 178.24 6,177.76 Total Assets (1+2) 12,511.74 EQUITY AND LIABILITIES Equity (a) Equity share capital 140.66 (b) Other equity 7,083.30 Total equity 7,223.96 Liabilities Non-current liabilities (a) Financial liabilities (i) Borrowings 577.32 (ii) Lease liabilities 243.08 (iii) Other financial liabilities 26.02 (b) Provisions 63.23 (c) Deferred tax liabilities (net) 25.48 (d) Other non-current liabilities 55.02 990.15 Current liabilities (a) Financial liabilities (i) Borrowings 511 36 (ii) Lease liabilities 26.25 (iii) Trade payables (a) Total outstanding dues of micro enterprises and small enterprises 279.37 (b) Total outstanding dues of creditors other than micro enterprises and 2,799.37 small enterprises (iv) Other financial liabilities 91.20 (b) Other current liabilities 441.15 ( c) Provisions 106.96 (d) Current tax liabilities (net) 4 1.97 4,297.63 Total Equity and Liabilities (1+2+3) 12.511.74 ~ ENDURANCE c~~ .... ~in crore As at 31st March, 2026 Audited 4,593.86 487.24 729.01 377.86 0.68 16.09 16.76 16.29 41.79 6,279.58 1,165.96 1,014.60 1,846.59 874.77 0.04 2.95 255.11 57.68 130.11 5,347.81 11.627.39 140.66 6,700.16 6,840.82 665.27 24 1.79 258.63 66.07 25.15 86.02 1,342.93 387.40 32.20 168.54 2,200 .74 169.25 374.81 88.51 22.19 3,443.64 - ~c,~N Of o '"''· ~ - ~ c.s ~ z ai I d'.: r- ~ ENDURANCE ~ O,yJ * c?>'Y -
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Sr. No. A B c Enduran<e Technologies Limited CIN: L34102MH1999PLCl23296 Registered office: E-92, M.l.D .C. Industrial Area, Waluj , Chh. Sambhajinagar (Aurangabad) - 431136, Maharashtra, India Tel no +91-240-2569600 Email: investors@cndurance .co.1n Consolidated unaudited statement of Cash Flows for the half year ended 30th September, 2026 For the half For the half Particulars year ended year ended 30th September , 30th September, 2026 2025 Unaudited Unaudited Cash flow from operating activities Profit before tax 686 .26 605 .70 Adjustments for : Depreciation and amortisation expense 460.39 344.45 Allowance for expected credit loss on trade receivables (net) (0.25) (5.20) Bad debts written off 0. 10 5.53 Interest expenses 41.48 26.77 Excess provision/creditors written back (0,30) (0.01) Profit on sale of property, plant and equipment (net) (3,05) (2.62) Gain on disposal of subsidiary (Refer Note 3) (12.48) - Interest income (5.45) (2.60) Gain on financial instruments carried at fair value through Profit or Loss (7. 10) (19.72) (net) Unrealised exchange (gain)/loss (net) 3.28 (1.68) Exceptional items (Refer Note 4) (35 .63) - (Profit)/Loss on lease modification (net) - (0.41) Exchange differences arising on consolidation (0.88) 63.32 Operating profit before working capital changes 1,126.37 1,013 .53 Working capital adjustments Adjustments for (increase)/decrease in operating assets : Inventories (406.48) (212 .83) Trade receivables (424.52) (211.68) Other financial assets (38.17) (35 .28) Other assets (47.35) 1.44 Adjustments for increase/( decrease) in operating liabilities : Trade payables 709 .93 111.53 Provisions 8.69 (33.17) Other current liabilities 35.33 129.97 Other financial liabilities 3.44 (5.27 ) Cash generated from operating activities 967 .24 758.24 Direct taxes paid (net ofrefunds) (166 .64) (102 .12) Net cash flows from operating activities 800.60 656.12 Cash flow from investing activities Purchase of property, plant and equipment and intangible assets (500.02) (688 .33) (including capital work in progress, intangible assets under development and capital advances) Proceeds on sale of property , plant and equipment 8.09 6.52 Increase/( decrease) in other bank balances 0.01 (0 .01) Investment in equity shares (0.27) (0,35) Redemption/( Investment) in mutual funds and other instruments (net) 147.89 152,07 Acquisition of stake in subsidiary - (357.56) Proceeds on disposal of subsidiary (Refer Note 3) 28,55 - Interest received 5.45 2,60 Net cash flows used in investing activities (310.30) (885 .06) Cash flow from financing activities Acqms1t1on ofrema1rung stake m Stiiterle ent1t1es (Reier Note 4) (263 .65) Proceeds from long term borrowings 98.69 69,68 Repayments oflong term borrowings (205 .30) (163.46) Proceeds from I (Repayments ot) short term borrowings (net) 134.01 49.61 Interest expenses (34.34) (23 .12) Dividend paid (161.77) (140 .66) Payment of interest portion oflease liabilities (4.88) (4.42) Payment of principal portion oflease liabilities (12.78) (15.55) Net cash flows used in financing activities (450.02) (227.92) Net increase/( decrease) in cash and cash equivalents 40.28 (.iS6.86) Cash and cash equivalents taken over on acquisition - 35 26 Adjusted net increase/( decrease) in cash and cash equivalents 40.28 (421.60) Cash and cash equivalents at the beginning of the period/year 874.77 1,018 .86 Cash and cash equivalents at the end of the period/year 915.05 597 .26 Net increase/( decrease) in cash and cash equivalents 40.28 (421.60) ~ ENDURANCE Co...,.U11-~t..w...J ~in crore For the year ended 31st March, 2026 Audited 1,277.08 734.22 (6. 12) 7.90 56,53 (0 ,98) (5.37) - (5 .77) (30.08) (4 .23) 20 ,95 (0.41) 38.59 2,082.31 (183.21) (336.90) (54.60) 57.53 519.47 (28 .96) 50.07 45,92 2,151.63 (300 .91) 1,850.72 (1,295 .81) 40 .19 - (0.22) (208.60) (357.56) - 5.77 (1,816.23) - 377.97 (380.88) - (38 .60) (140.66) (9.33) (22 .34) (213.84) (179.35) 35.26 (144.09) 1,018.86 874.77 (144.09)
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Notes: 1 The above consolidated financial results of the Company for the quarter and half year ended 30th September, 2026 have been reviewed by the Audit Committee and approved by the Board of Directors, at their respective meetings held on 3rd November, 2026. The Statutory Auditors of the Company have carried out a limited review of these financial results. 2 The Statement includes financial results of following subsidiaries: Name of the compan:v Relationship Endurance GmbH, Germany Subsidiary (Direct) Endurance Overseas SpA, Italy Subsidiary (Direct) Endurance SpA, Italy Subsidiary of Endurance Overseas SpA Veicoli Sri, Italy Subsidiary of Endurance Overseas SpA (upto 3rd August, 2026) Ingenia Automation Sri, Italy Subsidiary of Endurance Overseas SpA Endurance Two Wheelers SpA, Italy Subsidiary of Endurance Overseas SpA GOS Sar!, Tunisia Subsidiary of Endurance Two Wheelers SpA, is under liquidation. Stoferle GmbH, Germany Subsidiary of Endurance Overseas SpA Stoferle Automotive GmbH, Germany Subsidiary of Endurance Overseas SpA Maxwell Energy Systems Private Limited, India Subsidiary (Direct) 3 On 23rd June, 2026, Endurance Overseas SpA entered into a Share Purchase Agreement ("SPA") for sale of its 100% shareholding in Veicoli Sri, Italy ('"Veicoli''), a wholly-owned step-down subsidiary of the Company. The sale is aligned with the Group's strategic focus on its core auto components business. On 3rd August, 2026, upon receipt of the requisite regulatory approvals, Endurance Overseas SpA completed the transfer of its entire shareholding in Veicoli in accordance with SPA. Consequently, Veicoli ceased to be a subsidiary of Endurance Overseas SpA and, in tum, of the Company. The consideration comprised of an upfront fixed payment of €2.2 million, deferred fixed payment of €0.3 million and earn-out consideration linked to Veicoli's financial performance for the first three years following completion of the transaction, capped at €5.0 million, subject to agreed adjustments. The gain on sale of €1.14 million (~12.48 Crore) has been included under Other Income. 4 On 29th June, 2026, pursuant to the terms of the Share Purchase Agreement executed in December 2024, Endurance Overseas SpA acquired an additional 8% equity stake in St6ferle GmbH and Stoferle Automotive GmbH, Germany ('"St6ferle entities''), increasing its shareholding from 60% to 68%. The additional stake was acquired for a cash consideration of €6.24 million, determined in accordance with the valuation methodology agreed under the Share Purchase Agreement. Further, on 29th September, 2026, pursuant to an Amendment Agreement to the Share Purchase Agreement dated 12th December, 2024, Endurance Overseas SpA acquired the remaining 32% equity stake in Stoferle entities, for an upfront cash consideration of €18 million. As a result of this transaction, a deferred consideration liability of €3.24 million (~35.63 Crore), which was no longer to be paid, was derecognized, and the resulting gain has been disclosed as an exceptional item. Consequently, Endurance Overseas SpA's shareholding in the Stoferle entities increased from 68% to 100%. 5 On 6th October, 2026, Endurance Overseas SpA acquired 100% ownership and control of Fondalpress S.p.A., Italy ("Fondalpress"), through the acquisition of I 00% stake in its parent company Anna Milena S.p.A., Italy (which holds a 99.5% stake in Fondalpress), and the remaining 0.5% stake in Fondalpress from its individual shareholders, for a total cash consideration of €12.34 million. The acquired entities had the cash and cash equivalent (net financial position) of approximately €10.10 million as of the acquisition date. This acquisition is aligned with the Group's strategy to strengthen and expand its aluminium die-casting business in Europe. 6 The operating segment of the Group is identified to be, 'Automotive Components'. Therefore, the disclosure as per Regulation 33(1)(e) read with Clause (L) of Part A of Schedule IV to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is not applicable. 7 The figures of previous periods have been regrouped, wherever necessary, to conform to the current period's classification. For and on behalf of the Board of Directors Place: Mumbai Date: 3rd November, 2026
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SR BC& CO LLP Chartered Accountants Ground Floor Panchshil Tech Park, Yerwada (Near Don Bosco School) Pune - 411 006, India Tel : +91 20 6603 6000 Independent Auditor's Review Report on the Quarterly and Year to date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Endurance Technologies Limited 1. We have reviewed the accompanying statement of unaudited standalone financial results of Endurance Technologies Limited (the "Company") for the quarter ended September 30, 2026, and year to date from April 01, 2026 to September 30, 2026 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting " prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For S R B C & CO LLP Chartered Accountants ICAI Fi registration number: 324982E/E300003 per Part ner Membership No.: 136969 UDIN: Place: Mumbai Date: November 03, 2026 U 0-1-'4 : 2-f: i 3 k,.9 G 9 0 U L 1 H L I :l o 2... SR BC & CO LLP, a Limited Liablllty P.rtnersh lp with LLP Identity No. AAB-4318 Re9d. Office: 22, Camac Street , Block 'B', 3rd floor, Kolkata-700 016
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SR BC & CO LLP Chartered Accountants Ground Floor Panchshil Tech Park, Yerwada (Near Don Bosco School) Pune - 411 006, India Tel : +9120 6603 6000 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Endurance Technologies Limited 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Endurance Technologies Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), for the quarter ended September 30, 2026 and year to date from April 01, 2026 to September 30, 2026 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Holding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Holding Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the results of the following subsidiaries: Endurance Overseas SpA, Italy; ii Endurance SpA, Italy; iii Veicoli Sri, Italy (up to August 03, 2026); iv lngenia Automation Sri, Italy; v Endurance Two Wheelers SpA, Italy; vi GOS Sari, Tunisia; vii Stoferle Automotive GmbH, Germany; viii Stoferle GmbH, Germany; ix Endurance GmbH, Germany; x Maxwell Energy Systems Private Limited, India SR BC & CO LLP, a Limited Liability Partnership with LLP Identity No. AAB-4318 Regd. Office: 22, Camac Street, Block 'B', 3rd Floor. Kolkata-700 016
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SR BC& CO LLP Chartered Accountants 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 6 and 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standard ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. The accompanying Statement includes the unaudited interim reviewed financial results and other financial information in respect of nine subsidiaries, whose unaudited interim financial results reflect total assets of Rs. 5,918.90 crores as at September 30, 2026, total revenues of Rs. 1,019.15 crores and Rs. 2,145.32 crores, total net profit after tax of Rs. 57.15 crores and Rs. 105.15 crores, total comprehensive income of Rs. 66.23 crores and Rs. 98.71 crores for the quarter ended September 30, 2026 and the period ended on that date respectively, and net cash outflow of INR 26.84 crores for the period from April 01, 2026, to September 30, 2026, as considered in the Statement which have been reviewed by their respective independent auditors. The independent auditor's reports on interim financial results of these subsidiaries have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these subsidiaries is based solely on the report of such auditors and the procedures performed by us as stated in paragraph 3 above. 7. These subsidiaries are located outside India whose financial results and other financial information have been prepared in accordance with accountir:ig principles generally accepted in their respective countries and which have been reviewed by other auditors under generally accepted auditing standards applicable in their respective countries. The Holding Company's management has converted the financial results of such subsidiaries located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments made by the Holding Company's management. Our conclusion in so far as it relates to the balances and affairs of such subsidiaries located outside India is based on the report of other auditors and the conversion adjustments prepared by the management of the Holding Company and reviewed by us. 8. Our conclusion on the Statement in respect of matters stated in paragraph 6 and 7 above is not modified with respect to our reliance on the work done and the reports of the other auditors. For S R B C & CO LLP Chartered Accountants IC I F. m registration number: 324982E/E300003 per Partner Membership No.: 136969 UDIN: Place: Mumbai Date: November 03, 2026 V Dll'l: 2-b 1g b.9 6~ F~ c. LJ XN ~ 2.02.