Harsha Engineers International Limited announced that the Company has entered into an Agreement with Umbra Group S.p. A (Umbra Group) on April 12, 2024. In accordance with the Agreement, the Company has been appointed as the exclusive authorized agency of Umbra Group for repair, marketing, promotion, and sale of industrial ball screws, linear actuators, electro-spindles, milling heads or other manufactured components (Products) within the territory of India and the Company wishes to market, promote, repair and sell the Products. Name of the entity(ies) with Significant terms and conditions of agreement /JV in brief: Umbra Group agrees to appoint the Company as the exclusive agency to engage and carry out the Services pertaining to the Products of the Umbra Group in India.

Umbra Group will be supporting to the Company to all technical aspects as may be required and the Company will be marketing Umbra's Product in designatory territory i.e India in accordance with terms and conditions of the Agreement. Rationale and benefit expected: Umbra Group need a local partner to improve their local presence and sales in India and the Company is also aligned with their product expertise and also, the Company would like to expand its horizon. On account of this, Company has entered into the Agreement with Umbra Group.

Industry or area to which the new line of business belongs to: Ball Screws, Actuator and others. Estimated amount to be invested: Approx. INR 6.5 million.