In continuation to the intimation given by the Company on 12th December, 2024, regarding signing of the Share Purchase Agreement (\SPA\) by Endurance Overseas SpA, subsidiary of the Company, to inter alia, acquire 60% stake in Stoferle GmbH and Stoferle Automotive GmbH, Germany (\ Target Companies\), respectively, we further inform, pursuant to Regulation 30 of the Listing Regulations, that the last approval of Antitrust authorities, for abovementioned acquisition, has been received by Endurance Overseas SpA.\r\n\r\nAccordingly, Endurance Overseas SpA has, today i.e. 2nd April, 2025, completed the formalities for acquisition of 60% stake in the Target Companies as per SPA and paid the agreed consideration of 37.74 million Euros. With this, the Target Companies have now become direct subsidiaries of the Company.\r\n