Endurance Technologies Limited — Capital/Financing Update 2025

Apr 29, 2025

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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

29[th] April, 2025

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.: Capital expenditure for a greenfield project - new product launch

Ref.: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”)

Dear Sir / Madam,

Pursuant to Regulation 30 of the Listing Regulations read with SEBI Circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13[th] July, 2023 (“SEBI Circular”), we wish to inform that the Company is setting up a new manufacturing facility for which a capex outlay of ~Rs. 473 million is envisaged. The plant is being set up by the Company at Mindewadi, Taluka Maval, District Pune, Maharashtra to manufacture Lithium Ion Battery Packs of various configurations suitable for mobility applications and for battery energy storage systems for other applications.

Details as per the SEBI Circular are given in the table below:

Sr. No.	Particulars	Description
1.	Name of Product	Lithium Ion Battery packs
2.	Date of launch	In January2026
3.	Categoryofproduct	BatteryPacks
4.	Whether caters to domestic/ international market	Domestic
5.	Name of countries in which the product is launched (in case of international)	Not Applicable
6.	Existingcapacity	Not Applicable
7.	Existingcapacityutilization	Not Applicable
8.	Proposed capacityaddition	~35,000packsper month
9.	Period within which the proposed capacity is to be added	The proposed capacity shall be added in phases beginning from Q4 of the financialyear 2025-26.
10.	Investment required	~Rs. 473 million
11.	Mode of financing	Internal accruals

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Sr. No.	Particulars	Description
12.	Rationale	The Company is setting up the manufacturing facility and launching the Battery Packs as a new product line for mobility, energy storage and other applications to meet the growing demand in those sectors. The new product launch extends the product offering of the Company which is currently served by its subsidiary, Maxwell Energy Systems Pvt. Ltd., which designs, develops and supplies robust battery management systems for various applications. This is a strategic initiative by the Company and is an important commitment to include in its portfolio, products promoting sustainability in mobility and other applications.

You are requested to take this intimation on record.

Thanking you,

Yours faithfully, For Endurance Technologies Limited

Sunil Digitally signed by Naresh Sunil Naresh Lalai Date: 2025.04.29 Lalai 16:13:04 +05'30' Sunil Lalai Company Secretary and Executive Vice President – Legal Membership No.: A8078