Exide Industries Ltd. — Capital/Financing Update 2023

Nov 7, 2023

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RefNo: EIL/SEC/2023-24/64

Date: 7[th ] November 2023

The Secretary The Calcutta Stock Exchange Limited 7 Lyons Range Kolkata - 700 00 1 CSE Scrip Code: 15060 &10015060

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

The Secretary BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400 00 I BSE Scrip Code: 500086

Dear Sir/Madam,

Sub: Disclosure under Regulation 30 of SEBI (isting Obligations and Disclosure Requirements) Regulations, 2015 ("LODR Regulations") - Further investment in Wholly Owned Subsidiary through Rights Issue

This is to inform you that on 7[th ] November 2023, "Exide Industries Limited" ('Company/EIL') has invested Rs. 50,00,00,023/- (Rupees Fifty crore and twenty-three only) by way of subscription in the equity share capital of its wholly owned subsidiary, "Exide Energy Solutions Limited" (hereinafter referred as 'EESL'), on rights basis. There is no change in the shareholding percentage of the Company in EESL pursuant to such an acquisition.

The detailed disclosure required under Regulation 30 read with para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("LODR Regulations") and SEBI Circular No. SEB I/H O/CFD/CFD-PoD-1 /P /CIR/2023/123 dated I 3[th ] July 2023 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 KUMAR MOHAN LAL MOHAN LAL Date: 2023.11.07 17:58:14 +05'30'

Jitendra Kumar 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, Fax: (033) 2283-2642/37 e-mail : exideindustrieslimited@exide.co.in, www.exideindustries.com CIN: L31402WB1947PLC014919

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Annexure

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, turover etc.	Exide Energy Solutions Limited (EESL), an existing wholly owned subsidiary of Exide Industries
		Limited (EIL) was incorporated on 24thMarch 2022
		and will be engaged m the business of
		manufacturing & selling lithium-ion battery cells,
		modules and packs fr India's electric vehicle
		market and stationary applications. Some of the
		relevant details of EESL are given below:
		Paid up equity share capital as on date: Rs.
		572. 78 crore
		Net worth as on 31.03.2023: Rs. 655.20 crore
		Turnover as on 31.03.2023: Nil
		Loss after Tax for the year ended 31.03.2023:
		Rs. 59.81 crore
b.	Whether the acquisition would fall within related	Yes, since EESL is a wholly owned subsidiary of
	party transaction(s) and whether the promoter/	EIL. EESL has allotted 1,61,29,033 equity shares of
	promoter group/ group companies have any interest in the entity being acquired?	Rs. 10/- each at a premium of Rs. 21/- per share aggregating to Rs. 50,00,00,023/- on rights basis to EIL.
	If yes, nature of interestand details thereof and	Save & except what is mentioned above,the
	whether the same is done at "arm's length"	Promoter/promoter group/group companies have no
		interest in the transaction.
		The said transaction is at arm's length.
C.	Industry to which the entity being acquired belongs	Manufacturing battery cells of advanced chemistry and form fctor, including but not limited to
		cylindrical, pouch, prismatic, (the "Battery Cells"),
		as well as manufacturing, assembling, selling
		battery modules, battery packs and other related
		activities thereto.
d.	Objects and efects of acquisition (including but not limited to, disclosure of reasons fr acquisition of	EESL is in the process of setting up a plant fr manufcturing & selling lithium-ion battery cells,
	target entity, if its business is outside the main line of business of the listed entity)	modules and pack business. The Company has made frther investment by subscribing to equity shares offered by EESL on a rights basis to fnd its green field project and meet various fnding requirements.
		With the current investment, EIL shareholding in
		EESL remains unchan ed at 100%
	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
	CIN: L31402WB1947PLC014919

& EXIDE

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e. f. g. Brief details of any govermental or regulatory None approvals required for the acquisition Indicativetimeperiod forcompletionoftheTheequity shares againstthe currentinvestment acquisition were allotted on 71hNovember 2023 Nature of consideration whether cash considerationCash or share swap and details of the same	e. f. g. Brief details of any govermental or regulatory None approvals required for the acquisition Indicativetimeperiod forcompletionoftheTheequity shares againstthe currentinvestment acquisition were allotted on 71hNovember 2023 Nature of consideration whether cash considerationCash or share swap and details of the same
g.
h. I.	Cost of acquisition or the price at which the shares1,61,29,033equityshares of Rs.I 0/- each at a are acquired premium of Rs.21/- per share aggregating to Rs. 50,00,00,023/- Percentage of shareholding/control acquired and/With the current investment, EIL shareholding in or number of shares acquired EESL remains unchanged at I 00%
J.	Briefbackground about the entity acquired m EESL was incorporated on 24thMarch 2022 and the terms of products/line of business acquired, date of business objects of it are explained in point no. c incorporation,historyof last3yearsturover, above country in which the acquired entity has presence and any other sigifcant information (in brief Turover fr last 3 years are: NIL

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 CIN: L31402WB1947PLC014919