Exide Industries Ltd. — Capital/Financing Update 2020

Aug 31, 2020

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&EXIDE

Ref no. EIL/SEC/2020-21/21

31[st ] August 2020

The Secretary The Calcutta Stock Exchange Limited 7 Lyons Range Kolkata - 700 00 I CSE Scrip Code:15060 &10015060 �	The Secretary BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400 001 BSE Scrip Code: 500086
The Secretar 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,

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Sub: Disclosure under Regulation 30 of SEBI (isting Obligations and Disclosure Requirements} Reglations, 2015 ("LODR Regulations"}

Further to our communication vide le er no. EIL/SEC/2018-19/17 dated 27[th ] June 2018, this is to inform you that "Exide Industries Limited' ('EIL') has invested an amount aggregating to Rs.33.17 crore by way of subscription to the equity share capital of its subsidiary, Exide Leclanche Energy Private Limited (hereinafter referred as 'JVC').

JVC was incorporated as Joint Venture (JV) company with EIL holding 74.99% of the total paid-up share capital of the JVC, while balance portion 25.01 % was held by the other JV Partner "Leclanche S.A.". With the above_ investment, the equity shareholding of EIL in JVC stands increased to 77.87% of the total paid-up share capital.

The detailed disclosure required under Regulation 30 ofSEBI (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

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Jitendra Kumar

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

Encl: as above

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

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&EXIDE

Detailed disclosures under para A of Part A of Schedule III required under Regulation 30 of LOD� Regulations:

a.	Name of the target entity details in brief such as size, tuover etc.	Exide Leclanche Energy Private Limited ( JV C) is an existing subsidiary of Exide Industries
		Limited (EIL). Some of the relevant details of
		JVC are given below:
		- Paid up capital as on date: Rs. 115.32
		crore.
		- Net worth as on 31.03.2020: Rs. 144.98 er.
		Tuover as on 31.03.2020: Rs. 2.19 er Proft/(Loss) After Tax fr the year ended
		31.03.2020: (Rs. 18.95 crore.)
b.	Whether the ac_quisition would fll within related paty transactin(s). and wether the promoter/ promoter grou/ group co'npanies	Investment by EIL in the equity shae capital of JVC though Rights issue will not be considered as relaed pa trasactions.
	have any interest in the entity being acquired?
	If yes, nature of interest and details thereof and whether the sae is done at "arm's length"	The Promoter/promoter group/grou companies have no interest in the tansaction.
c.	Industry to which the entity being acquired	• Manufcture, assembly, trade, sale and
	belongs	distribution of lithium ion batteries, module maing and associated systems("Products")in the Territor("Battery Pack Assembly
		Plant"); • Contract maufcturing/ sourcing of modules fr third partiesinthe Territor on a case to case bais fr strategic reasons as may be
		agreed between the Parties
d.	Objects and efects of acquisition (including but not limited to, disclosure of reasons fr acquisition of taget entity, if its business is outside the main line of business of the listed entity)	To meet the fnding requirement, particularly the Caital Expenditure projects of JVC. With the current investment, EIL shaeholding in JVC has increased by aother 2.88% fom 74.99% to 77.87% of the paid-up equity shae
		capital.
e.	Brief details of any goverental or regulatory approvals required fr the acquisition	None
f.	Indicative time period fr completion of the	The equity shaed have been allotted on 31st
	acquisition	August 2020

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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

&IXIDI

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		**&IXIDI **
g. Nature of considerationwhether cash consideration or,share swap and details of the same		Cash
h. Cost of acquisition or the price at which the shaes are acquired		1,32,69,600EquityShaesof Rs.10/- at Premium of Rs. 15/- each aggregating to Rs. 33.17 crore
1.	Percentage of shareholding / control acquired and / or number of shaes acquired	Upon allotment, EIL shareholding in JVC has increased by 2.88% and now aggregates to 77.87% of the paid-up equity share capital of JVC
J.	Briefbackground aboutthe entityacquired mterms of products/line of business acquired, date of incorporation, history of last 3 years tover, country in which the acquired entity haspresenceadany othersignifcant information (in lriefh- �- - "·- /	JVC was incorporated on 29tSeptember 2018 ad the business objects of it ae explained in point no. c above Tuover fr last 2 yeas ae: FY 2019: NIL FY 2020: Rs. 2,19,18,483/-

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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