Exide Industries Ltd. — Capital/Financing Update 2022

Oct 19, 2022

Ref No: EIL/SEC/2022-23/51

Date: 19th October 2022

The Secretary	The Secretary
The Calcutta Stock Exchange Limited	BSE Limited
7 Lyons Range	PhirozeJeejeebhoy Towers Dalal Street,
Kolkata - 700 00 I	Mumbai - 400 001
CSE Scrip Code: 15060 &10015060	BSE Scrip Code: 500086
The Secretary	-
National Stock Exchange oflndia 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. 25,00,00,000/- by way of subscription to the Compulsory Convertible Preference Shares (CCPS) of its subsidiary, "Exide Leclanche Energy Private Limited" (hereinafter referred as 'NC'). With this investment, EIL will hold 100% CCPS of the NC. The equity shareholding with voting rights of EIL in NC remains unchanged at 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 Digitally signed by

JITENDRA KUMAR MOHAN LAL

Jitendra Kumar JITENDRA KUMAR MOHAN LAL Date: 2022.10.19 20:00:10 +05'30'

Company Secretary & President (Legal & Corporate Affairs) ACS No.11159

Encl: as above

Exide Industries Limited Exide House, 59E Chowringhee Road, Kolkata-700 020 Phone : (033) 2302-3400, 2283 2120/2171/2118, Fax : (033) 2283-2175 e-mail : exideindustrieslimited@exide.co.in, www.exideindustries.com GIN : L31402WB1947PLC014919

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

a.	turnover etc.	Name of the target entity details in brief such as size, Exide Leclanche Energy Private Limited (JVC) is anexisting subsidiary of Exide Industries Limited(EIL). Some of the relevant details of NC are givenbelow:Paid up capital as on date: Rs. 194.07 crore.(Equity-Rs. 169.07 er. and Preference capital- Rs. 25 er.)Net worth as on 31 .03.2022: Rs.234.93 croreTurnover as on 31.03.2022: Rs. 33. 40 croreProfit/(Loss) After Tax for the year ended31.03.2022: (Rs. ( 43 .22) crore)
b.	Whether the acquisition would fall within relatedparty transaction(s) and whether the promoter/promoter group/ group companies have any interestin the entity being acquired?If yes, nature of interest and details thereof andwhether the same is done at "ann's length"	Investment by EIL in the Compulsory Convertiblepreference share capital of NC through Rights issuewill not be considered as related party transaction.
c.	Industry to which the entity being acquired belongs	•Manufacture,assembly,trade,saleanddistribution of lithium ion batteries, modulemaking and associated systems ("Products") intheTerritory("BatteryPackAssemblyPlant");Contract manufacturing/ sourcing of modules•for third parties in the Territory on a case to casebasis for strategic reasons as may be agreedbetween the Parties
d.	Objects and effects of acquisition (including but notlimited to, disclosure of reasons for acquisition oftarget entity, if its business is outside the main linenfh11sin P.ss nfth~ li 5t~d ~ntity)	The investment is made to meet various fundingrequirements of NC. EIL will hold 100% of CCPSin JVC. However, there will be no change in theequity holding of EIL in JVC.
e.	Brief details of any governmental or regulatoryapprovals required for the acquisition	None
f.	of theIndicativetimeperiodforcompletionacquisition	The CCPS against the current investment wereallotted on 18.10 2022
g.	Nature of consideration whether cash considerationor share swap and details of the same	Cash

Exide Industries Limited

Exide House, 59E Chowringhee Road, Kolkata-700 020 Phone: (033) 2302-3400, 2283 2120/2171 /2118, Fax: (033) 2283-2175 e-mail : exideindustrieslimited@exide.co.in, www.exideindustries.com CIN: L31402WB1947PLC014919

h.	Cost of acquisition or the price at which the shares	2,50,00,000 CCPS were acquired at Rs. 10/- per
	are acquired	share
I.	Percentage of shareholding / control acquired and /or number of shares acquired	EIL will hold 100% of CCPS in JVC. However,there will be no change in the equity holding of EILin JVC.
J.	Briefbackground about the entityacquiredmterms of products/line of business acquired, date ofincorporation, history of last 3 years turnover,country in which the acquired entity has presenceand any other significant information (in brief)	JVC was incorporated on 29th September 2018 andthe business objects of it are explained in point no. caboveTurnover for last 3 years are:
		FY 2020: Rs. 2,19,18,483/-FY 2021 : Rs.3 ,02,64,249/-FY 2022: Rs. 333,986,993/-

Exide Industries Limited EXIDE Exide House, 59E Chowringhee Road , Kolkata-700 020 Phone : (033) 2302-3400, 2283 2120/2171 /211 8, Fax : (033) 2283-2175 e-mail : exideindustrieslimited@exide.co.in, www.exideindustries. com GIN : L31402WB1947PLC014919