Exide Industries Ltd. — Capital/Financing Update 2022

Jan 22, 2022

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

Date: 22nd January, 2022

	ef No: EIL/SEC	/2021-22/65
	t 22d J
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TT7KC	he Secretary
				T	he Se	cretary
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	Lyons Rangelk 00 00 I			P	hiroz	e Jeejeeb	hoy Towers Dal	al Street,
					umb	ai - 400	01
	oata - 7SE Scrip Code
		: 15060&100150	60	B	SE S	crip Cod	e: 500086
TNEnB-N	he Secretary			-
	ational Stock E	xchange of Indi	a Limited
	xchange Plaza,o. C/1, G Block	th Floor Plot
		,
	andra-Kurla Co	mplex, Bandra (E	), Mumbai
	400 051SE Symbol: EX
		IDEIND
	ear Sir/Madam,

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) isan existing subsidiary of Exide Industries Limited(EIL). Some of the relevant details of JVC are givenbelow:-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 ended31.03.2021: (Rs.18.21 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 “arm’s length”	Investment by EIL in the equity share capital ofJVC through Rights issue will not be considered asrelated party transaction.The Promoter/promoter group/group companieshave no interest in the transaction.
c.	Industry to which the entity being acquired belongs	•Manufacture,assembly,trade,saleanddistribution of lithium ion batteries, modulemaking and associated systems (“Products”) inthe Territory (“Battery Pack AssemblyPlant”);•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 but notlimited to, disclosure of reasons for acquisition oftarget entity, if its business is outside the main lineof business of the listed entity)	To meet various funding requirements of JVC.With the current investment, EIL shareholding inJVC stands increased to 84.90%
e.	Brief details of any governmental or regulatoryapprovals required for the acquisition	None
f.	Indicative time period for completion of theacquisition	The equity shares against the current investmentwere allotted by the JVC on 21stJanuary, 2022
g.	Nature of consideration whether cash considerationor 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 shareWith current equity infusion of Rs. 19,99,99,989/-,EIL acquired additional equity shareholding in JVCby 0.9% and its total shareholding stands increasedto 84.90%. JVC was incorporated on 29thSeptember 2018 andthe business objects of it are explained in point no.c aboveTurnover for last 3 years are:FY 2019: NILFY 2020: Rs. 2,19,18,483/-FY 2021: Rs.3,02,64,249/-
	h.	Cost of acquisition or the price at which the sharesare 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 JVCby 0.9% and its total shareholding stands increasedto 84.90%.
	j.	Brief background about the entity acquired interms 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 29thSeptember 2018 andthe business objects of it are explained in point no.c aboveTurnover for last 3 years are:FY 2019: NILFY 2020: Rs. 2,19,18,483/-FY 2021: Rs.3,02,64,249/-

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