PPAP Automotive Limited has entered into a partnership agreement with HUTCHINSON, a globally recognized leader in automotive sealing solutions. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026.

Key Agreement Details:

Parties Involved: PPAP Automotive Limited ("PPAP") and HUTCHINSON

Nature of Agreement: Partnership to manufacture advanced body sealing systems in India for the passenger vehicle segment

Scope of Operation: Domestic (India)

Effective Date: 1st April 2026

Key Terms:

  • PPAP has been granted an exclusive license for India to manufacture, market and sell advanced body sealing systems using HUTCHINSON's technology and licensed know-how
  • HUTCHINSON will provide technical know-how, engineering support, design assistance, process support and related services for product development and commercialization
  • The collaboration covers development and supply of advanced automotive sealing solutions in India

Financial Considerations:

  • PPAP shall pay consideration towards transfer of technical know-how, licensed technology and related technical support services
  • PPAP shall pay royalty for the use of licensed intellectual property, know-how, designs and related rights in accordance with the agreement terms

Entity Size: HUTCHINSON reported revenue of approximately €5.0 billion in 2025

Rationale and Expected Benefits:

  • Strengthens PPAP's product portfolio in the automotive sealing segment
  • Provides access to advanced global technology and engineering expertise
  • Enhances ability to serve OEM customers in India
  • Creates opportunities for revenue growth in the passenger vehicle segment

Related Party Considerations: The acquisition does not fall within related party transactions, and promoters/promoter group/group companies have no interest in the entity being acquired

The agreement was digitally signed by Pankhuri Agarwal, Company Secretary & Compliance Officer of PPAP Automotive Limited, on 10th June 2026 at 15:42:30 IST.