Exide Industries Ltd. — Capital/Financing Update 2022

Nov 5, 2022

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JITENDRA Digitally signed by JITENDRA KUMAR MOHAN KUMAR MOHAN LAL LAL Date: 2022.11.05 17:48:35 +05'30'

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	a.	Nameofthe target entity detailsinbrief such as	Nameofthe target entity detailsinbrief such as	Exide Leclanche EnergyPrivateLimited
		size, turnover etc.		(ELEPL)isan existing subsidiaryofExide
				Industries Limited (EIL). Someofthe relevant
				detailsofELEPLare given below:
				-Paid up capital as on date: Rs. 168.54 crore.
				(Equity -Rs. 143.54 er. and Preference
				capital - Rs. 25 er.)
				Net worth as on 31.03.2022: Rs.234.93
				crore
				Turnover as on31.03.2022: Rs. 33. 40 crore
				Profit/(Loss) After Tax for the year ended
				J I.UJ.2U'.tL (Ks._(43.22) _crore)
	b.	Whether the acquisition would fall within		NoApplicable
		related party transaction(s) and whether the
		promoter/ promoter group/ group companies
		have any interestinthe entity being acquired?
		Ifyes, natureofinterest and detailsthereofand
		wheLherLhesame	isuulle al "am1'sle11gLl1"
	C.	Industry to which the entity being acquired		•Manufacture, assembly, trade, sale and
		belongs		distributionoflithium ion batteries, module
				makingandassociatedsystems
				("Products")inthe Territory("Battery
				Pack Assembly Plant");
				•Contractmanufacturing/sourcingof
				modules for third parties in the Territory on
				a case to case basisfor strategic reasons as
				maybe agreed between the Parties
	d.	Objects and effectsofacquisition (including but		There was no direct acquisitionofequity shares
		not limitedto,	disclosureofreasons for	by EILinELEPL.
		acquisitionoftarget entity,ifits business is
		outside the main	lineofbusinessofthe listed	Since Leclanche SA (erstwhile JV shareholder)
		entity)		has tendered their entire equity stakeof
				approximately 15. I 0%inELEPL under the
				buyback offer, the equity shareholdingofEIL
				stands increased to I 00%inELEPLw.e.f4th
				November2022.
	EXIDE75		Exide Industries LimitedExide House, 59E Chowringhee Road, Kolkata-700 020Phone:(033)2302-3400, 2283 2120/2171 /2118,Fax:(033) 2283-2175e-mail : exideindustrieslimited@exide.co.in, www.exideindustries.comCIN :L31402WB 1947PiLC0:0:1'.":'49; 1;;r.9:--:-:,:-:-:---7.--:-;":":-.:----:-:""-.--.-./'??1~:t_
	SPEEDINGAHEAD

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		&EXID
e.	Briefdetailsofany governmentalorregulatoryapprovals required for the acquisition	None
f.	Indicative time period for completionoftheacquisition	ELEPL has become wholly owned subsidiaryofExidew.e.f.4thNovember2022
g.	Natureofconsiderationwhethercashconsiderationorshareswapand detailsofthesame	NotApplicable
h.	Costofacquisitionorthe price at which theshares are acquired	NotApplicable
I.	Percentageofshareholding_I_control acquiredand/ornumberofshares acquired	There was no direct acquisitionofequity sharesby EIL in ELEPL.Since Leclanche SA (erstwhileJVshareholder)has tendered their entire equity stakeofapproximately 15.10%inELEPLunder thebuyback offer, the equity shareholdingofEILstands increased to 100%inELEPLw.e.f4thNovember2022.
J.	Briefbackground about the entity acquiredmtermsofproducts/I ineofbusiness acquired, dateofincorporation, historyoflast3 years turnover,countrymwhich the acquired entity haspresence and any other significant information(inhrief)	NotApplicable