Exide Industries Ltd. — Capital/Financing Update 2022

Jan 22, 2022

Ref No: EIL/SEC/2021-22/65

Date: 22nd January, 2022

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 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")

This is to inform you that “Exide Industries Limited’ (‘EIL’) has invested Rs. 19,99,99,989/- by way of subscription to the equity share capital of its subsidiary, “Exide Leclanche Energy Private Limited” (hereinafter referred as ‘JVC’) and as a result of which, its total equity shareholding in JVC stands increased to 84.90%.

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 JITENDRA Digitally signed by JITENDRA KUMAR MOHAN KUMAR MOHAN LAL Date: 2022.01.22 19:52:59 LAL +05'30' Jitendra Kumar Company Secretary & President (Legal & Corporate Affairs) ACS No.11159

Encl: as above

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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 as size, turnover etc.	Exide Leclanche Energy Private Limited (JVC) 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. 169.07 crore. - Net worth as on 31.03.2021: Rs.193.12 crore - Turnover as on 31.03.2021: Rs. 3.02 crore - Profit/(Loss) After Tax for the year ended 31.03.2021: (Rs.18.21 crore)
b.	Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”	Investment by EIL in the equity share capital of JVC through Rights issue will not be considered as related party transaction. The Promoter/promoter group/group companies have no interest in the transaction.
c.	Industry to which the entity being acquired belongs	• Manufacture, assembly, trade, sale and distribution of lithium ion batteries, module making and associated systems (“Products”) in the Territory (“Battery Pack Assembly Plant”); • Contract manufacturing/ sourcing of modules for third parties in the Territory on a case to case basis for strategic reasons as may be agreed between the Parties
d.	Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity)	To meet various funding requirements of JVC. With the current investment, EIL shareholding in JVC stands increased to 84.90%
e.	Brief details of any governmental or regulatory approvals required for the acquisition	None
f.	Indicative time period for completion of the acquisition	The equity shares against the current investment were allotted by the JVC on 21stJanuary, 2022
g.	Nature of consideration whether cash consideration or share swap and details of the same	Cash

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			The equity shares were acquired by EIL at Rs. 21/- per share including a premium of Rs 11/- per share With current equity infusion of Rs. 19,99,99,989/-, EIL acquired additional equity shareholding in JVC by 0.9% and its total shareholding stands increased to 84.90%. JVC was incorporated on 29thSeptember 2018 and the business objects of it are explained in point no. c above Turnover for last 3 years are: FY 2019: NIL FY 2020: Rs. 2,19,18,483/- FY 2021: Rs.3,02,64,249/-
	h.	Cost of acquisition or the price at which the shares are acquired	The equity shares were acquired by EIL at Rs. 21/- per share including a premium of Rs 11/- per share
	i.	Percentage of shareholding / control acquired and / or number of shares acquired	With current equity infusion of Rs. 19,99,99,989/-, EIL acquired additional equity shareholding in JVC by 0.9% and its total shareholding stands increased to 84.90%.
	j.	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief)	JVC was incorporated on 29thSeptember 2018 and the business objects of it are explained in point no. c above Turnover for last 3 years are: FY 2019: NIL FY 2020: Rs. 2,19,18,483/- FY 2021: Rs.3,02,64,249/-

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