Endurance Technologies Share price

The Company was originally incorporated as a private limited company at Mumbai under the name of “Endurance Suspension Systems (India) Private Limited” under the Companies Act 1956 and received a certificate of incorporation dated December 27 1999. As of the date of this Red Herring Prospectus the name of the Company is Endurance Technologies Limited which was pursuant to a fresh certificate of incorporation dated May 31 2016. Major events and milestones :The table sets forth some of the major events in the history of the Company:2000-Incorporated as Endurance Suspension Systems (India) Private Limited2004-Production of disc brake assemblies started at Aurangabad2007-Scheme of amalgamation between AECPL and the Company effective from August 11 2006-Acquisition of Endurance Amann by the Company through Endurance Holding GmbH in Germany-Share subscription and shareholders’ agreement between SCPEML the Company the Promoter Mr. Naresh Chandra Mrs. Suman Jain Mrs. Varsha Jain Naresh Chandra HUF and Anurang Jain HUF2008-Incorporated Endurance Overseas a special purpose vehicle in Italy for the purpose of making strategic overseas investments-Acquired 51% shareholding of Endurance Fondalmec through Endurance Overseas2009-Executed a joint venture agreement with Magneti Marelli SpA Italy2010-Scheme of arrangement between ESIPL and the Company effective from December 1 2009-Supplemental share subscription and shareholders’ agreement between SCPEML the Company the Promoter Mr. Naresh Chandra Mrs. Suman Jain Mrs. Varsha Jain Naresh Chandra HUF and Anurang Jain HUF-Acquired the remaining 49% shareholding of Endurance Fondalmec through Endurance Overseas2011-Shareholders’ agreement between SCPEML the Company the Promoter Mr. Naresh Chandra Mrs. Suman Jain Mrs. Varsha Jain Naresh Chandra HUF and Anurang Jain HUF2012-Shareholders’ Agreement between the Company the Promoter Mr. Naresh Chandra Mrs. Suman Jain Naresh Chandra HUF Anurang Jain HUF and Mrs. Varsha Jain and Actis-Termination agreement between the Company the Promoter Mr. Naresh Chandra Mrs. Suman Jain Naresh Chandra HUF Anurang Jain HUF and Mrs. Varsha Jain SCPEML and Actis2013-Acquisition of 15% stake in Endurance FOA in Italy through Endurance Overseas-Dissolution of joint venture agreement with Magneti Marelli SpA Italy-The Company entered into a license and technical assistance agreement with a leading global brake and suspension company for use of technical information for production of fthe wheel brake systems and parts2014-Incorporation of Endurance Engineering by Endurance Overseas to foray into engineering plastic components-Scheme of amalgamation between HTTSPL and the Company effective from February 10 2014-The Company entered into a technical assistance and services agreement with Adler SpA Italy for development and manufacture of transmission products-The Company entered into a license and technical assistance agreement with Magnetti Marelli COFAP Companhia Fabricadora de Pecas for use of shock absorbers and struts for manufacture of fthe wheelers to be sold solely to Bajaj Auto Limited and its affiliates2015-Acquisition of assets and liabilities of Grana Srl Italy by Endurance Engineering-Endurance Overseas increased its stake from 15% to 100% by acquiring an additional 85% of shares in Endurance FOA-The Company entered into a technical know-how agreement with WP Performance Systems GmbH Austria for manufacture of suspension components2016-The Company entered into a technical collaboration agreement with a European brakes technology provider for manufacture of combined break system for motorcycles Certifications Awards and Accreditations :2007-Bajaj TPM Award to the shock absorber division of the Company-Award For New Model Development 2006-07 by Honda Motorcycle & Scooter India (Pvt.) Ltd. to the Company2008-Award for QCDDM (Casting and Forging) 2007-08 by Honda Motorcycle & Scooter India (Pvt.) Ltd. to the Company-NDTV Profit Car and Bike Award for Component Manufacturer of the Year to the Company-Auto Component Manufacturer of the Year to the Company at the Auto Monitor Awards 20082009-Award for Casting and Forging 2008-09 to the Company by Honda Motorcycle & Scooter India (Pvt.) Ltd.-Best HR Practices Award 2009 by the National Institute of Personnel Management (Raigad chapter) to the Company2010-Green Tech HR Excellence Award 2010 to the Company for Innovation in Employees Retention Strategies - Silver Award2012-Award titled “Dream” presented to the Company by Honda Motorcycle & Scooter India (Pvt.) Ltd. in recognition of Valuable Support & Contribution2013-Award titled “Dream” presented to the Company by Honda Motorcycle & Scooter India (Pvt.) Ltd. in recognition of Valuable Support & Contribution-Yamaha Certificate of Recognition to the Company for winning the gold award for Excellence in “Cost Innovation” for the year 20132015-Award for Cost Competitiveness 2013-14 by Honda Motorcycle & Scooter India (Pvt.) Ltd. to the Company-Certificate of Appreciation by Honda Motorcycle & Scooter India (Pvt.) Ltd. to the Company for achieving the Quality & Delivery Targets for the year 2013-142016-ACMA Award for Excellence in Export - Large Category 2014-2015 to the plant situated at K-120 Aurangabad-ACMA Seal of Recognition Manufacturing Excellence award to the braking division of the Company-ACMA Seal of Recognition Manufacturing Excellence award to the transmission division of the Company-ACMA Seal of Recognition Manufacturing Excellence award to the suspension division of the Company-Award for New Part Development 2015-16 by Honda Motorcycle & Scooter India (Pvt.) Ltd. to the Company2017-Felicitation and citation by the Indian Merchants’ Chambers to the Managing Director on behalf of the Company as an Emerging Manufacturing Giant from Maharashtra-ACMA Award for Excellence in Export - Large Category 2015-2016 to the disc brake division of the Company-ACMA Award for Excellence in HR – Special Category 2015-2016 to the transmission division of the Company