Exide Industries Ltd. — Capital/Financing Update 2020

Nov 23, 2020

a.	Nameofthe target entity detailsinbriefsuch as	Exide Leclanche Energy Private Limited (JVC)
	size, turnover etc.	is an existing subsidiaryofExide Industries
		Limited (EIL). Someofthe relevant detailsof
		JVC are given below:
		-Paid up capital as on date: Rs. 128.59
		crore.
		Networth as on 31.03.2020: Rs. 144.98 er.
		Turnover as on 31.03.2020: Rs. 2.19 er
		Profit/(Loss) AfterTaxfor the year ended
		31.03.2020: (Rs. 18.95 crore.)
b.	Whether the acquisition would fall within	Investment by EIL in the equity share capitalof
	related party transaction(s) and whether the	JVC through Rights issue will notbeconsidered
	promoter/ promoter group/ group companies	asrelated party transactions.
	have any interest in the entity being acquired?	ThePromoter/promotergroup/group
		companies have no interest in the transaction.
	Ifyes, natureofinterest and detailsthereofand
	whether the smne is donent"arm'slength"
c.	Industry to which the entity being acquired	•Manufacture,assembly,trade,saleand
	belongs	distributionoflithium ion batteries, modulemaking and associated systems**("Products")**in
		the Territory**("Battery Pack Assembly**
		Plant");
		•Contract manufacturing/ sourcingofmodules
		forthird partiesinthe Territoryona case to
		case basisforstrategic reasonsasmaybe
		agreed between the Parties
d.	Objects and effectsofacquisition (including but	To meet the funding requirement, particularly
	not limited to, disclosureofreasons for	the Capital Expenditure projectsofJVC.
	acquisitionoftarget entity,ifits business is
	outside the main lineofbusinessofthe listed	With the current investment, EIL shareholding
	entity)	in JVC has increasedbyanother 2.28% from
		77 .87% to 80.15%ofthe paid-up equity share
		capital.
e.	Briefdetailsofany governmentalorregulatory	None
	approvals required for the acquisition
f.	Indicative time period for completionofthe	The equity shares have been allotted on 23rd
	acquisition	November, 2020

g.	Natureofconsideration	whether	cash	Cash
	consideration or share swap	and details	ofthe
	same
h.	Costofacquisition or the price at which the			1,32,69 ,600 Equity SharesofRs. 10/- at
	shares are acquired			PremiumofRs.I5/- each aggregating to Rs.
				33.17 crore
I.	Percentageofshareholding	/ control acquired		Upon allotment, EIL shareholdinginJVC has
	and_I_or numberofshares acquired			increased by 2.28% and now aggregates to
				80.15%ofthe paid-up equity share capitalof
				JVC
J.	Briefbackground about the entity acquired			JVC was incorporated on 29thSeptember 2018
	mtermsofproducts/lineof	business acquired,		and the business objectsofit are explained in
	dateofincorporation, historyoflast 3		years	point no. c above
	turnover, country in which the acquired		entity
	haspresenceandany	othersignificant		Turnover for last 2 years are:
	information (in brief)
				FY 2019:NIL
				FY 2020: Rs. 2, 19, 18,483/-

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