Bigul

Endurance Technologies Ltd - 540153 - Book Closure And Date Of Twenty-Third Annual General Meeting

We inform you that the Board of Directors of the Company, at its meeting held today i.e. on 19th May, 2022, which commenced at 2.00 p.m. and concluded at 6.25 p.m. considered and approved that the Twenty-third AGM of the Members of the Company will be held on Wednesday, 24th August, 2022. The Register of Members and Share Transfer Books will remain closed from Saturday, 13th August, 2022 to Wednesday, 24th August, 2022 (both days inclusive) for determining the shareholders entitled for aforesaid dividend. The above information will be made available on the Company's website www.endurancegroup.com.
20-05-2022
Bigul

Q4FY22 Quarterly Result Announced for Endurance Technologies Ltd.

Auto Parts & Equipment company Endurance Technologies declares Q4FY22 result: Consolidated Total Income including Other Income for the year rose by 15.4%, while Q4 registered de-growth of 2.3%. Such de-growth % for Q4 would have been more pronounced, but for the impact of higher metal prices on our selling prices. In this year, 75.4% of Consolidated Total Income including Other Income came from Indian operations and the balance came from European operations. Standalone Total Income including Other Income for the year grew by 19.5%, while Q4 saw de-growth of 2.3%. Consolidated EBITDA Margin was 13.2% vs. 16.3% last year. Consolidated PAT was 11,3% lower than last year. Standalone PAT drop of 2.7% from last year can be fully attributed to higher exceptional items in the form of voluntary separation payouts. Aftermarket sales from Indian operations rose 35.2% to INR 4,212 million this year vs. INR 3,116 million in the corresponding period of last year. Consolidated Basic and Diluted EPS for the year stood at INR 32.75 per share compared to INR 36.95 per share in the previous financial year. Commenting on the Company's performance and recent developments, Mr. Anurang Jain, Managing Director of the Company said: "The previous fiscal - FY21 had started with a stringent lockdown in Ql and part of Q2. The full year had witnessed lower demand for all kinds of vehicles produced in India, despite significant demand rebound for two-wheelers and passenger vehicles from Q2 to Q4. In FY22, there was a rebound in demand for commercial vehicles, passenger vehicles and three-wheelers. In the case of two-wheelers, while export volumes saw healthy growth, demand in the domestic market was lower than the previous year. Domestic 2W volumes fell 10.9%, leading to an overall volume decline of 2.7%. Volumes of vehicles across segments were impacted by semi-conductor shortages. Endurance standalone revenues for FY22 rose 19.5% compared to the last year. In the EU (including UK), the number of new car registrations in FY22 was lower than last year by 4.9%. The European automotive market has been deeply impacted by semi-conductor shortages, soaring energy prices and other supply chain issues linked to the geo-political situation. In Euro terms, our revenues for Ff22 were higher than last year by 5.1%." Result PDF
20-05-2022
Bigul

Endurance Technologies Ltd - 540153 - Board recommends Dividend

Endurance Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 19, 2022, inter alia, has Recommended dividend of Rs. 6.25 per equity share of face value of Rs. 10/- each (62.5%), for the financial year 2021-22. The dividend, if declared by the shareholders at the Twenty-third Annual General Meeting ("AGM"), shall be paid on or after August 30, 2022 but before September 22, 2022.
19-05-2022
Bigul

Endurance Technologies Ltd - 540153 - Results - Financial Results For The Quarter And Financial Year Ended 31St March, 2022

The Board of Directors, at its meeting held today i.e. on 19/05/2022, which commenced at 2.00 p.m. and concluded at 6.25 p.m. approved, inter alia, the following items of business: (1) Audited financial results, both standalone and consolidated, for the quarter and financial year ended 31/03/2022.(2)Recommended dividend of Rs. 6.25 per equity share of face value of Rs. 10/- each (62.5%), for the financial year 2021-22. The dividend, if declared by the shareholders at the 23rd AGM, shall be paid on or after 30/08/2022 but before 22/09/2022 (3)Recommended re-appointment of M/s S R B C & CO. LLP, Chartered Accountants, (ICAI Firm Registration No: 324982E/E300003), as Statutory Auditors of the Company for a second term of 5 consecutive years. (4) The 23RD AGM of the Company will be held on 24/08/2022. The Register of Members and Share Transfer Books will remain closed from 13/08/2022 to 24/08/2022 for determining the shareholders entitled for aforesaid dividend.
19-05-2022
Bigul

Endurance Technologies Ltd - 540153 - Board Meeting Outcome for Outcome Of Board Meeting Held On 19Th May, 2022

The Board of Directors, at its meeting held today 19/05/2022, which commenced at 2 p.m. and concluded at 6.15 p.m. approved, inter alia, the following items of business (1) Audited financial results, both standalone and consolidated, for the quarter and financial year ended 31/03/2022. (2)Recommended dividend of Rs. 6.25 per equity share of face value of Rs. 10/- each (62.5%), for the financial year 2021-22. The dividend, if declared by the shareholders at the 23rd AGM, shall be paid on or after 30/08/2022 but before 22/09/2022. (3)Recommended re-appointment of S R B C & CO. LLP, Chartered Accountants, (ICAI Firm Registration No: 324982E/E300003), as Statutory Auditors of the Company for a second term of five consecutive years. (4) The 23rd AGM will be held on 24/08/2022. The Register of Members and Share Transfer Books will remain closed from 13/08/2022 to 24/08/2022 (both days inclusive) for determining the shareholders entitled for aforesaid dividend.
19-05-2022
Bigul

Endurance Technologies Ltd - 540153 - Announcement under Regulation 30 (LODR)-Acquisition

Endurance Technologies Limited ('the Company'), has executed, inter alia, Share Subscription and Purchase Agreement ('SSPA') with shareholders of Maxwell Energy Systems Private Limited ('Maxwell'), for acquiring 100% of its equity share capital in a phased manner. This acquisition is subject to customary closing adjustments and fulfillment of conditions precedent. Maxwell is in the business of embedded electronics particularly in battery management systems for vehicles including electric vehicles ('EV') and for stationary storage systems. In accordance with the SSPA, the Company expects to complete acquisition of 51% stake in Maxwell during the first quarter of current financial year, through a combination of primary issuance and secondary purchase. The balance 49% shall be purchased in a phased manner in five tranches, spread over five years.
18-05-2022
Bigul

Endurance Technologies Ltd - 540153 - Announcement Under Regulation 30 (LODR) - Conference Call For Institutional Investors / Analysts Intimation

This has reference to our letter dated 3rd May, 2022, informing that a Board meeting of the Company is scheduled on 19th May, 2022 to, inter alia, consider and approve the audited financial results (both standalone and consolidated) for the quarter and financial year ended 31st March, 2022. In terms of the referred Regulation 30 read with Schedule III - Part A to the Listing Regulations, we inform you that a conference call for institutional investors / analysts is scheduled on 20th May, 2022 at 11:00 a.m. (IST) to discuss the above financial results. Details of the conference call are enclosed.
13-05-2022
Bigul

Endurance Technologies Ltd - 540153 - Voluntary Separation Scheme For One Of The Plants Of The Company In Chakan, Dist. Pune

We wish to inform you that the Company has announced today i.e. 11th May, 2022 a Voluntary Separation Scheme (VSS) for all its eligible permanent workmen employed on the rolls of the plant situated at B-20, MIDC Industrial Area, Chakan, Village Nighoje, Taluka Khed, Dist. Pune - 410 501, Maharashtra. Status of implementation of the VSS and financial impact thereof shall be ascertained and informed in due course after the scheme ends on 26th May, 2022. Compensation package offered under the VSS is consistent with the best industrial practices followed by the Company.
11-05-2022
Bigul

Endurance Technologies Ltd - 540153 - Board Meeting Intimation for Approval Of Audited Financial Results For The Quarter And Financial Year Ended 31St March, 2022, Closure Of Trading Window And Recommendation Of Dividend

Endurance Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 19/05/2022 ,inter alia, to consider and approve The audited financial results (both standalone and consolidated), for the quarter and financial year ended 31st March, 2022 and recommend dividend, if any, on the equity shares of the Company for the financial year 2021-22. As informed vide our communication dated 23rd March, 2022, the trading window for dealing in securities of the Company has been closed from 31st March, 2022 and shall remain closed till 48 hours after the announcement of financials results i.e. up to 21st May, 2022 (both days inclusive). You are requested to take note of the above.
03-05-2022
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