Exide Industries Ltd. — Capital/Financing Update 2021

Apr 13, 2021

Ref no. EIL/SEC/2021-22/05

Date: 13th April, 2021

The Secretary	The Secretary
The Calcutta Stock Exchange Limited	BSE Limited
7 Lyons Range	PhirozeJeejeebhoy 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,
Pk•t uv, C/1, CT Blm:k
Bat1dra-Kurla Complex, Handra (E),
Mumbai -400 051
NSE Symbol: EXIDEIND

Dear Sir/Madam,

Sul,; Disdusure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requiremenis) RegulaUons, 201~ ("LODR Regulations")

Further to our communication vide letter no. EIL/SEC/2020-21/35 dated 23rd November 2020, this is to inform you that "Exide Industries Limited' ('EIL') has further invested an amount aggregating to Rs 39 ,99 ,99 ,999/- by way of subscription to the equity share capital of its subsidiary, Exide Leclanche Energy Private Limited" (hereinafter referred as 'NC').

With the above investment, the equity shareholding of EIL in JVC stands increased from 80.15% to 82.71 % of the total paid-up share capital.

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

~ Kumar

Jitendra 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 GIN : L31402WB1947PLC01 4919

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

a.	Name of the target entity details in brief such assize, turnover etc.	Exide Leclanche Energy Private Limited (JVC)is an existing subsidiary of Exide IndustriesLimited (EIL). Some of the relevant details ofJVC are given below:-Paid up capital as on date: Rs. 147.64crore.Net worth as on 31.03.2020: Rs. 144.98 er.Turnover as on 31.03.2020: Rs. 2.19 erProfit/(Loss) After Tax for the year ended31.03.2020: (Rs. 18.95 crore.)
b.	Whether theacquisition would fallwithinrelated party transaction(s) aml whether thepromoter/ promoter group/ grnup c0mpani~shave any interest in the entity being acquired?If yes, nature of interest and details thereofandwhether the same is done at "arm's length"	Investment by EIL in the equity share capital ofJVC through Rights issue will not be consideredas n:lal1::J party Lransadions.ThePromoter/promotergroup/groupcompanies have no interest in the transaction.
c.	Industry to which the entity being acquiredbelongs	Manufacture,assembly,trade,sale•anddistribution of lithium ion batteries, modulemaking and associated systems ("Products") intheTerritory("BatteryPackAssemblyPlant");•Contract manufacturing/ sourcing of modulesfor third parties in the Territory on a case tocase basis for strategic reasons as may beagreed between the Parties
d.	Objects and effects of acquisition (including butof reasonsnotlimitedto,disclosureforacquisition of target entity, if its business isoutside the main line of business of the listedentity)	To meet various funding requirements of JVC.With the current investment, EIL shareholdingin JVC has increased by another 2.56% from80.15% to 82.71% of the paid-up equity sharecapital.
e.	Brief details of any governmental or regulatoryapprovals required for the acquisition	None
f.	Indicative time period for completion of theacquisition	The equity shares have been allotted on 12thApril, 2021

g.	ofNatureconsiderationwhethercashconsideration or share swap and details of thesame	Cash
h.	Cost of acquisition or the price at which theshares are acquired	of Rs.1,90,47,619Equity Shares10/-atPremium of Rs. 11/-each aggregating to Rs.39,99,99,999/-
1.	Percentage of shareholding / control acquiredand / or number of shares acquired	Upon allotment, EIL shareholding in JVC hasincreased by 2.56% and now aggregates to82.71 % of the paid-up equity share capital ofJVC
J.	Brief background about the entity acquired interms of products/line of business acquired, dateof incorporation, history oflast 3 years turnover,countrymwhichtheacquiredentity haspresence and any other significant information(in brief)	JVC was incorporated on 29th September 2018and the business objects of it are explained inpoint no. c aboveTurnover for last 2 years are:FY 2019: NILFY 2020: Rs. 2il9;18,483/-