Exide Industries Ltd. — Capital/Financing Update 2023

Oct 17, 2023

G ■XIN

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RefNo: EIL/SEC/2023-24/60

Date: 17[th ] October 2023

The Secretary The Secretary The Calcutta Stock Exchange Limited BSE Limited 7 Lyons Range Phiroze Jeejeebhoy Towers Dalal Street, Kolkata - 700 00 I Mumbai - 400 001 BSE Scrip Code: 500086 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

Dear Sir/Madam,

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

This is to inform you that on 17[1h ] October 2023, "Exide Industries Limited" ('Company/EIL') has invested Rs. l ,00,00,00,015/- (Rupees One hundred Crore and Fifteen 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. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13[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 MOHAN KUMAR LAL MOHAN LAL Date: 2023.10.17 17:17:38 +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 para A of Part A of Schedule III required under Regulation 30 o		nnexure f LODR
	ailed li	dil d
		scosures uner	ara
	uat	ons:
a. Name of the target entity details in brief such as size, Exide Energy Solutions Limited (EESL), an existing b. C. d. turnover etc. 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? wholly owned subsidiary of Exide Industries Limited (EIL) was incorporated on 24111March 2022 and will be engaged m the business of manufacturing & selling lithium-ion battery cells, modules and packs for India's electric vehicle market and stationary applications. Some of the relevant details ofEESL are given below: Paid up equity share capital as on date: Rs. 556.65 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 Yes, since EESL is a wholly owned subsidiary of EIL. EESL has allotted 3,22,58,065 equity shares of Rs. 10/- each at a premium of Rs. 21/- per share aggregating to Rs. 1,00,00,00,015/- on rights basis to EIL. If yes, nature of interest and 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. Industry to which the entity being acquired belongs 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) ustries 1m1 Phone : (033) 2302-34 e-mail : exideindustrie The said transaction is at arm's length. Manufacturing battery cells of advanced chemistry and form factor, 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. EESL is in the process of setting up a plant for manufacturing & selling lithium-ion battery cells, modules and pack business. The Company has made further investment by subscribing to equity shares offered by EESL on a rights basis to fund its green field project and meet various funding requirements. With the current investment, EIL shareholding in EESL remains unchan°ed at 100%	Na tur	me of the target entit nover etc.	y de	tails in brief such as size, Exide Energy Solutions Limited (EESL wholl owned subsidiar of Exid	), an existing e Industries
				y y Limited (EIL) was incorporated on 2411	1March 2022
				and will be engaged m the manufacturing & selling lithium-ion modules and packs for India's ele market and stationary applications. relevant details ofEESL are given belo	business of battery cells, ctric vehicle Some of the w:
				Paid up equity share capital as 556.65 crore	on date: Rs.
			Net worth as on 31.03.2023: Rs. 6 Turnover as on 31.03.2023: Nil Loss after Tax for the year ended Rs. 59.81 crore
	Whether the acquisition wo t tti d			uld fall within related hth th t/ Yes, since EESL is a wholly owned subsidiary of EIL EESL has allotted 32258065 euit shares of
	pary ransacon(s) an promoter group/ group com			eer e promoer anies have any interest . ,,, qy Rs. 10/- each at a premium of Rs. 21/- per share aggregating to Rs. 1,00,00,00,015/- on rights basis to EIL. nd details thereof and Save & except what is mentioned above, the "arm's length" Promoter/promoter group/group companies have no interest in the transaction. The said transaction is at arm's length.
	in the entity being acquired?
	If yes, nature of interest a
	whether the same is done at
	Industry to which the entity
	Ojt d fft f i
	becs an eecs o acqus limited to, disclosure of rea
	target entity, if its business i
	of business of the listed entit

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& EXIDE

e.	Brief details of any governmental or regulatory approvals required for the acquisition	None
f.	Indicative timeperiodforcompletionofthe	The equity shares against the currentinvestment
	acquisition	were allotted on 17thOctober 2023
(1 ,:,·	Nature of consideration whether cash consideration	Cash
	or share swap and details of the same
h.	Cost of acquisition or the price at which the shares	3,22,58,065equityshares of Rs.I 0/- each at a
	are acquired	premium of Rs. 21/- per share aggregating to Rs.
		1,00,00,00,015 /-
I.	Percentage of shareholding/control acquired and/	With the current investment, EIL shareholdingm
	or number of shares acquired	EESL remains unchanged at I 00%
J.	Briefbackground about the entityacquiredm	EESL was incorporated on 24thMarch 2022 and the
	terms of products/line of business acquired, date of incorporation,historyof last,, _.)_yearsturnover,	business objects of it are explainedin point no. c above
	country in which the acquired entity has presence and any other significant information (in brief)	Turnover for 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