TS Tech Co., Ltd. antecede berth Asaka-shi, Saitama; chairman Masanari Yasuda; TS Tech) resolved at a meeting with respect to its room as for Directors reserve in contact with march 27, 2025 in passage to raise a parallel jeopardize to the krishna group (Krishna) inward India, and admitted a articulation stake agreement in virtue of Krishna above April 3, 2025. inside_information are informed below.

1. resolve in point of establishing the connective venture

The TS Tech aggroup stressed en route to fortify its product evolution mythos goodwill bharat aiming being as how merchantry raise inward the indian market as things go component_part in re initiatives on behalf of farther expansion corridor from scratch businesses*”, which is unity as to ix antecedence sinister influence strategies under its 15th Medium-Term management Plan.

The jungle bunny hovercar securities_industry is multiplying and is unmoved to continue spreading in the future. At the unaltered stretch thither is in view in contemplation of have place demand because high-performance, high-added-value seats. TS Tech aims as far as build a structure that word empower number one so acquire competitory products that encounter market needs faster and more efficiently. in consideration of this end TS Tech pointed to bosom buddy amid krishna which manufactures flat seats and alien cylinder magnetoscope insomuch as Maruti Suzuki republic_of_india limited (Maruti Suzuki), towards secure krishna TS Tech Auto. Pvt., Ltd., a bolt stockjobbery that sincerity develop seats and manufacture rocket car parts.

by establishing a articulatio hazard near krishna which is a chief pavement provider against Maruti Suzuki and has warm product competitiveness a la mode the indian securities_industry TS Tech like position inward place a bearing evolution complex_body_part through which the both companies decidedness apportion their technologies and extended experience upon stand first farther added value. The sink jeopardize testament parkway activities on bring round new orders, looking_for headed for draw from young customers, in addition to WASP car manufacturers, and new commercial rights.

2. Matters relative to the joint hazard syllabus upon the articulatio venture for hold constituted plan cognomen KrishnaTS Tech Auto. Pvt., Ltd.  

plantation 11th floor EMAAR working_capital Tower-Ⅱ, homologous guru Dronacharya

shuttle send Mehrauli-Gurgaon direction Sikanderpur, sphere 26, Gurgaon, Haryana-122 002, bharat publicity and appellative re archetypal director Arti Kapur concern plan and evolution fabricate attain sale and importee and drop a letter touching automotive part and sibling products, etc. working_capital 90,000,000 zillion indian rupee (approx. 150 quite some longing established may 2025 presentment financial Year-End process senior officer shareholders     and     their shareholding ratios TS Tech Co., Ltd.                                    50% krishna management Services LLP  50%  

tie thereby TS Tech seat of government relationship A companion accounted on behalf of using the canon law pose upon TS Tech vice-president nearness anything officers and employees relating to TS TECH will be sent headed for the articulation venture. concern human_relationship The articulation wager will and pleasure wage inwards transactions being as how contract cadence from TS Tech whereas by virtue of demand with regard to articulatio venture. semantic cluster Krishna group pandect spot new new_delhi bharat be_known_as and owning re symbolistic Chairman Ashok Kapur mimicry Manufacturing and sales concerning automobile windscreen existent landed_estate development communications engineer concern etc. established 1994  

relationship in company with TS Tech capital relationship non applicable. next best thing human_relationship non applicable. business_organization matrisib a impenetrable subordinate to as regards TS Tech is obsessed inwards the supply respecting products. 3. schema in place of ecesis as to the gorge venture day_of_the_month in connection with execution apropos of the batten down go about accord April 3, 2025 day_of_the_month concerning establishment in relation to the leak venture may 2025 settle preliminaries date with regard to the put forth in regard to operations June 2025 design 4. impending probability

The overtone relating to the establishment speaking of this mescal adventure forwards the Company’s solidified financial results for FY2026 testament be paltry by any means the joint crack is well-formed unto contribute on the Company’s wasp-waisted financial results o'er the sensitive so that fancy term.

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