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-700 020
Phone : (033) 2302-3400, Fax : (033) 2283-2642/37
e-mail : exideindustrieslimited@exide.co.in, www.exideindustries.com
CIN : L31402WB1947PLC01491

Detailed Disclosures required under Regulation 30 of LODR Regulations:

a. Name(s) of parties with	CSE Solar Sunpark Tamil	Greenyana Solar Private	CSE Solar Sunpark
whom the agreement ts	Nadu Private Limited	hereinafter Limited	Maharashtra Private
entered	(formerly known as CSE	referred as Greenaya)	(hereinafter Limited
	Solar Sunpark Haryana	and Cleantech Solar	referred as Sunpark)
	Private Limited)	Energy (India) Pvt Ltd.	and Cleantech Solar
	(hereinafter referred as	(hereinafter called as	Energy (India) Pvt
	'CSE Solar') and	'Cle ante ch'.)	Ltd. (hereinafter
	Cleantech Solar Energy		collectively called as
	Ltd. Pvt (India)		'Cleantech')
	(hereinafter called as
	'Cle ante ch'.)
b. Purpose of entering into	Procure energy for Hosur	Procure energy for	Procure energy for the
the agreement	factory of the Company	Bawal factory of the	three factories in the
	from the 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	To subscribe equity	To subscribe equity
the entity with whom the	comprising at least 26%	shares comprising at	shares comprising at
agreement is executed	(twenty-six percent) but	least 26% (twenty-six	least 26% (twenty-six
	not exceeding 30% (thirty	percent) but not	percent) but not
	percent) of the issued and paid up share capital of	exceeding 30% (thirty percent) of the issued	exceeding 30% (thirty percent) of the issued
	'CSE Solar'.	and paid up share capital	and paid up share
		of 'Greenyana'.	capital of 'Sunpark'.
d. Significant terms of the	The agreement has various	The agreement has	The agreement has
agreement (in brief)	customary minority	various customary	various customary
special rights like right to	protection rights,	minority protection	minority protection
appoint directors, first	including the optional	rights, including the	rights, including the
right to share subscription	right of the shareholders	optional right of the	optional right of the
in case of issuance of	to nominate directors on	shareholders to	shareholders to
shares, right to restrict any	the board of the 'CSE	nominate directors on	nominate directors on
change m capital	Solar', a list of reserved	the board	of the board of
structure, etc.	matters which require the	'Greenyana', a list of	'Sunpark', a list of
	affirmative approval of	reserved matters which	reserved matters
	Exide, exit rights upon the	require the affirmative	which require the

		occurrence of an event of default, mutual rights in connection with any proposal by either party to transfer shares in CSE Solar to an affiliate/ third party.	approval of Exide, exit rights upon the occurrence of an event of default, mutual rights in connection with any proposal by either party to transfer shares in Greenyana to an affiliate/ third party	affirmative approval of Exide, exit rights upon the . occurrence of an event of default, mutual rights in connection with any proposal by either party to transfer shares m Sunpark to an affiliate/ third party.
	e. Whether, the said parties are related to promoter/promoter group/ group companies in any manner. If yes, nature of relationship	CSE Solar and Cleantech are not related to the promoter/ promoter group/ group compames of Exide.	Greenyana and Cleantech are not related to the promoter/ promoter group/ group companies of Exide.	Sunpark and Clean tech are not related to the promoter/ promoter group/ group companies of Exide.
f.	Whether the transaction would fall within related party transactions? if yes, whether the same is done at "arm's length"	The transaction would not fall within Related Party Transaction	The transaction would not fall within Related Party Transaction	The transaction would not fall within Related Party Transaction
	g. In case of issuance of shares to the parties, details of issue price, class of shares issued	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 CSE Solar.	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 Greenyana.	To subscribe equity shares comprising at least 26% (twenty-six but percent) not exceeding 30% (thirty percent) of the issued and paid up share capital of Sunpark.
	h. Any other disclosures related to such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc	NA	NA	NA

I.	in case of tennination or	NA	NA	· NA
	amendment of agreement,
	listed entity shall disclose
	ional details to the addit
	stock exchange(s):
	a) name of parties to the
	agreement;
	nature of the b)
	agreement;
	c) da t e of execution of the
	agreement;
	d) details of amendment
	and impact thereof o r
	reasons of ter mina tion and
	impact thereof