Exide Industries Ltd. — Capital/Financing Update 2019

Apr 18, 2019

Ref no. EIL/SEC/2019-20/07

18th April, 2019

The Secretary	The Secretary
The Calcutta Stock Exchange Limited	BSELimited
7 Lyons Range	Phiroze Jeejeebhoy Towers Dalal
Kolkata -700 00 I	Street, Mumbai -400 001
CSE Scrip Code: 15060 & 10015060	BSE Scrip Code: 500086
The Secretary	-
National Stock Exchange of India Limited
Exchange Plaza, 5th Floor,
Plot no. C/1, G Block
Bandra-Kurla Complex, Bandra (E),
Mumbai -400 051
NSE Symbol: EXIDEIND

Dear Sir/Madam,

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("LODR Regulations")

Further to our communication vide letter no. EIL/SEC/2018-19/49 dated 7 th January 2019, this is to inform you that "Exide Industries Limited' ('the Company') has entered into 3 (three) separate 'Share Subscription and Shareholders' Agreements' dated 18th April 2019 ('SSSAs') with "Cleantech Solar Energy (India) Pvt. Ltd." ('Cleantech') and each of the three below mentioned Special Purpose Vehicle (SPV) companies, namely:

• a) CSE Solar Sunpark Tamil Nadu Private Limited;
• b) Greenyana Solar Private Limited; and
• c) CSE Solar Sunpark Maharashtra Private Limited

for purchase of energy from three Captive Power Plants to be set-up by the SPV companies.

As a result of above, the Company has agreed to subscribe equity shares comprising at least 26% (twenty-six percent) but not exceeding 30% (thirty percent) of the issued and paid up share capital of each of the 3 SPV companies.

Exide Industries Limited, Exide House, 59E Chowringhee Road, Kolkata-700 020 Phone: (033) 2302-3400, Fax: (033) 2283-2642/37 e-mail : exideindustrieslimited@exide.co.in,www.exideindustries.com CIN: L31402WB1947PLC014919

The detailed disclosure required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("LODR Regulations") is enclosed herewith.

You are requested to kindly take the above on record.

Thanking you. For Exide Industries Limited

wern

Company Secretary & EVP- Legal & Administration ACS No.11159

Encl: As above

Exide Industries Limited, Exide House, 59E Chowringhee Road, Kolkata-700 020Phone : (033) 2302-3400, Fax : (033) 2283-2642/37e-mail : exideindustrieslimited@exide.co.in, www.exideindustries.comCIN : L31402WB1947PLC01491

Detailed Disclosures required under Regulation 30 of LODR Regulations:

a. Name(s) of parties with	CSE Solar Sunpark Tamil	Greenyana Solar Private	CSESolarSunpark
whom the agreement ts	NaduPrivateLimited	hereinafterLimited	MaharashtraPrivate
entered	(formerly known as CSE	referred as Greenaya)	(hereinafterLimited
	SolarSunparkHaryana	andCleantechSolar	referred as Sunpark)
	Private Limited)	Energy (India) Pvt Ltd.	and Cleantech Solar
	(hereinafterreferredas	(hereinafter called as	Energy(India)Pvt
	'CSESolar')and	'Cle ante ch'.)	Ltd.(hereinafter
	CleantechSolarEnergy		collectively called as
	Ltd.Pvt(India)		'Cleantech')
	(hereinaftercalledas
	'Cle ante ch'.)
b. Purpose of entering into	Procure energy for Hosur	Procureenergyfor	Procure energy for the
the agreement	factory of the Company	Bawalfactoryof the	three factories in the
	fromthe Solar Captive	Company from the Solar	state of Maharashtra
	Power Plant to be set up in	Captive Power Plant to	from the Solar Captive
	the state of Tamil Nadu.	be set up in the state of	Power Plant to be set
		Haryana.	up in Maharashtra.
c. Shareholding, if any, m	To subscribe equity shares	Tosubscribeequity	Tosubscribeequity
the entity with whom the	comprising at least 26%	sharescomprisingat	shares comprising at
agreement is executed	(twenty-sixpercent)but	least26%(twenty-six	least 26% (twenty-six
	not exceeding 30% (thirty	percent)butnot	percent)butnot
	percent) of the issued andpaid up share capital of	exceeding30% (thirtypercent) of the issued	exceeding 30% (thirtypercent) of the issued
	'CSE Solar'.	and paid up share capital	andpaidupshare
		of 'Greenyana'.	capital of 'Sunpark'.
d. Significant terms of the	The agreement has various	Theagreementhas	Theagreementhas
agreement(inbrief)	customaryminority	variouscustomary	variouscustomary
special rights like right to	protectionrights,	minorityprotection	minorityprotection
appointdirectors,first	includingtheoptional	rights,includingthe	rights,including the
right to share subscription	right of the shareholders	optionalrightof the	optional right of the
incaseof issuanceof	to nominate directors on	shareholdersto	shareholdersto
shares, right to restrict any	the board of the 'CSE	nominatedirectorson	nominate directors on
changemcapital	Solar', a list of reserved	theboard	of theboardof
structure, etc.	matters which require the	'Greenyana',a list of	'Sunpark',alistof
	affirmativeapprovalof	reserved matters which	reservedmatters
	Exide, exit rights upon the	require the affirmative	whichrequirethe

		occurrence of an event ofdefault, mutual rights inconnectionwithanyproposal by either party totransfersharesinCSESolar to an affiliate/ thirdparty.	approval of Exide, exitrightsupontheoccurrence of an eventof default, mutual rightsin connection with anyproposal by either partytotransfersharesinGreenyanatoanaffiliate/ third party	affirmativeapprovalof Exide, exit rightsupon the . occurrenceof an event of default,mutualrightsinconnection with anyproposalbyeitherparty to transfer sharesmSunparktoanaffiliate/ third party.
	e. Whether, the said partiesarerelatedtopromoter/promoter group/group companies in anymanner. If yes, nature ofrelationship	CSESolarandCleantecharenotrelatedtothepromoter/ promotergroup/groupcompamesofExide.	GreenyanaandCleantecharenotrelated to the promoter/promoter group/ groupcompanies of Exide.	SunparkandClean techarenotrelatedtothepromoter/promotergroup/groupcompanies of Exide.
f.	Whetherthetransactionwould fall within relatedparty transactions? if yes,whether the same is doneat "arm's length"	The transaction would notfall within Related PartyTransaction	Thetransactionwouldnot fall within RelatedParty Transaction	The transaction wouldnot fall within RelatedParty Transaction
	g. In caseof issuance ofsharestotheparties,details of issue price, classof shares issued	To subscribe equity sharescomprising at least 26%(twenty-sixpercent)butnot exceeding 30% (thirtypercent) of the issued andpaid up share capital ofCSE Solar.	Tosubscribeequitysharescomprisingatleast26%(twenty-sixpercent)butnotexceeding30%(thirtypercent) of the issuedand paid up share capitalof Greenyana.	Tosubscribeequityshares comprising atleast 26% (twenty-sixbutpercent)notexceeding 30% (thirtypercent) of the issuedandpaidupsharecapital of Sunpark.
	h. Anyotherdisclosuresrelatedtosuchagreements, viz., details ofnominee on the board ofdirectorsofthelistedentity, potential conflict ofinterest arising out of suchagreements, etc	NA	NA	NA

I.	in case of tennination or	NA	NA	·NA
	amendment of agreement,
	listed entity shall disclose
	ional details to theaddit
	stock exchange(s):
	a)name of parties to the
	agreement;
	natureoftheb)
	agreement;
	c)dateof executionofthe
	agreement;
	d)details of amendment
	andimpactthereofor
	reasons oftermination and
	impact thereof