Exide Industries Ltd. — Capital/Financing Update 2023

Sep 7, 2023

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&EXIDE

RefNo: EIL/SEC/2023-24/46

Date: 7thSeptember 2023	Date: 7thSeptember 2023
The SecretaryThe Calcutta Stock Exchange Limited7 Lyons RangeKolkata - 700 00 ICSE Scrip Code: 15060 &10015060	The SecretaryBSE LimitedPhiroze Jeejeebhoy Towers Dalal Street,Mumbai - 400 001BSE Scrip Code: 500086
The SecretaryNational Stock Exchange oflndia LimitedExchange Plaza, 5th Floor, Plotno. C/1, G BlockBandra-Kurla Complex, Bandra (E), Mumbai- 400 051NSE 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 7[th ] September 2023, "Exide Industries Limited" ('Company/EIL') has invested Rs. 100,00,00, 015/- (Rupees One hundred crore and fifteen only) by way of subscription in the equity share capital of its wholly owned subsidiary, "Exid.e 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. SEBVHO/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 KUMAR Digitally signed by JITENDRA KUMAR MOHAN LAL MOHAN LAL Date: 2023.09.07 17:21:31 +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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&EXIDE

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) 1s anexisting wholly ownedsubsidiaryof ExideIndustries Limited (EIL). Some of the relevantdetails of EESL are given below:Paid up equity share capital as on date: Rs.374.40 croreNet worth as on 31.03.2023: Rs. 655.20 croreTurnover as on 31.03.2023: NilLoss after Tax for the year ended 31.03.2023:Rs. 59.81 crore
b.	Whether the acquisition would fll within related Investment by EIL in the equity share capital ofparty transaction(s) and whether the promoter/EESL though Rights issue will not be considered aspromoter group/ group companies have any interestrelated party transaction.in the entity being acquired?If yes, nature of interest and details thereof andwhether the same is done at "arm's length"The Promoter/promoter group/group companieshave no interest in the transaction.
C.	Industry to which the entity being acquired belongs Manufacturing battery cells of advanced chemistryand frm factor, including but not limited tocylindrical, pouch, prismatic, (the "Battery Cells"),as well as manufcturing, assembling, sellingbattery modules, battery packs and other relatedactivities thereto.
d.	Objects and efects of acquisition (including but notlimited to, disclosure of reasons fr acquisition oftarget entity, if its business is outside the main lineof business of the listed entity)The Company has made frther investment bysubscribing to equity shares offered by EESL on arights basis to meet various fnding requirements ofEESL.With the current investment, EIL shareholding inEESL remains unchanged at 100%
e.	Brief details of any governmental or regulatoryapprovals required for the acquisitionNone
f.	Indicative time period for completion of the The equity shares against the current investmentacquisitionwere allotted on 7t1, September 2023

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