Subros Ltd

Subros Advances EV Strategy with Electric Compressor Localization Agreement ⚡

- Executed a Technical Assistance Agreement with DENSO Corporation, Japan and Toyota Industries Corporation, Japan for localization of Electric Compressors at its Karsanpura, Gujarat facility.

- Agreement grants license to manufacture electric compressors for EV and hybrid vehicles in India.

- Involves an initial payment and running royalty from start of commercial production.

- Localization of Electric Compressors in India expected to contribute positively to future revenues.

- Change in Nominee Director: Mr. Tomoaki Yoshimori resigned effective August 7, 2026.

- Board approved appointment of Mr. Akihiro Deguchi as new Nominee Director of DENSO Corporation, Japan, effective August 7, 2026, subject to shareholder approval.