Exide Industries Ltd. — Capital/Financing Update 2024

Dec 17, 2024

&EXIDE

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Ref No: EIL/SEC/2024-25/74

1 7[th ] December 2024

Ref No: EIL/SEC/2024-25/74 1 7thDecember 2024
The Secretary	The Secretary
The Calcutta Stock Exchange Limited	BSE Limited
7 Lyons Range	Phiroze Jeejeebhoy Towers, Dalal Street,
Kolkata - 700 001	Mumbai - 400 001
CSE Scrip Code: 15060 &10015060	BSE Scrip Code: 500086
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 Oh.gations and Disclosure Requirements) Regulations. 2015 ("LODR Regulations") - Further investment in Whollv Owned Subsidiary

This is to inform you that on 17[th ] December 2024, "Exide Industries Limited" ('Company/EIL') has invested Rs. 99, 99,99,972/- (Rupees Ninety-Nine crores ninety-nine lakhs ninety-nine thousand nine hundred and seventy-two 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. With this investment, the total investment made by the Company in EESL stands to Rs. 3152.24 crores. 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 KUMAR Digitally signed by JITENDRA KUMAR MOHAN LAL MOHAN LAL Date: 2024.12.17 15:05:32 +05'30' Jitendra Kumar Company Secretary & President (Legal & Corporate Affairs) ACS No.11159

Encl: as above

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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

SPEEDING AHEAD

&EXIDE

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Annexure-1

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	Name of the target entity details in brief such	Exide Energy Solutions Limited (EESL), an existing
	as size, turover etc.		wholly owned subsidiary of Exide Industries Limited
			(EIL) was incorporated on 24thMarch 2022 and is
			engaged in the business of manufcturing & selling lithium-ion battery cells, modules and packs fr
			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.
			I 079.22 crore
			Net worth as on 31.03.2024: Rs. I, 981.56 crore
			Turnover as on 31.03.2024: Rs. 239.14 crore
			Loss afer Tax fr the year ended 31.03.2024: Rs.
			149.45 crore
			As on date, the total investment by Exide Industries
			Limited in the equity share capital ofEESL including
			share premium stands to Rs. 3,152.24 crore including
			investment made in erstwhile merged subsidiary
			Exide Energy Private Limited ('EEPL').
b.	Whether the acquisition would fll within		Yes, since EESL is a wholly owned subsidiary of EIL.
	related party transaction(s) and whether the		EESL has allotted 2, 77, 77,777 nos. equity shares of
	promoter/ promoter	group/ group companies	Rs. I 0/- each at a premium of Rs. 26/- per share
	have any interest in the entity being acquired?		aggregating to Rs. 99,99,99,972/- (Rupees Ninety-
			Nine crores ninety-nine lakhs ninety-nine thousand
	If yes, nature of interest and details thereof and		nine hundred and seventy-two only) on rights basis to
	whether the same is done at "arm's length"		EIL.
			Save & except what is mentioned above, the
			Promoter/promoter group/group companies have no
			interest in the transaction.
			The said transaction is at arm's length.
c.	Industry to which belongs	the entity being acquired	Manufcturing battery cells of advanced chemistry and frm fctor, including but not limited to
			cylindrical, pouch, prismatic, (the "Battery Cells"), as
			well as manufcturing, assembling, selling battery
			modules, battery packs and other related activities
			thereto.
EXDE **75 **		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
	SPEEDING AHEAD

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&EXIDE

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d.	Objects and effects of acquisition (including but notlimitedto,disclosureofreasonsfr acquisition of target entity, if its business is outside the main line of business of the listed entity)		EESL is in the process of setting up a green feld plant at Bengaluru fr manufcturing & selling lithium-ion battery cells, modules and pack business. The equity investment in EESL on a rights basis is to fund the above green feld project and meet its various fnding requirements. With the currentinvestment,EfLshareholdingin EESL remains unchanged at I 00%
e.		Brief details of any governmental or regulatory None approvals required fr the acquisition Indicative timeperiod fr completion of the The equity shares against the current investment were acquisition allotted on 17thDecember 2024 Nature of consideration whether cashCash consideration or share swap and details of the same Cost of acquisition or the price at which the2, 77, 77,777 nos. equity shares of Rs. 10/- each at a shares are acquired premium of Rs. 26/- on rights basis to EIL	None The equity shares against the current investment were allotted on 17thDecember 2024 Cash
f g.
h.
I.	Percentage of shareholding_I_controlacquired With the current investment, EILshareholdingin and / or number of shares acquired EESL remains unchanged at 100% Brief background about the entityacquiredEESL was incorporated on 24thMarch 2022 and the in terms of products/line of business acquired,business objects of it are explained in point no. c above date of incorporation, history of last 3 years' turover, country in which the acquired entityTurover fr last 3 years are as under haspresenceandanyothersignifcant FY 2023-24 - Rs. 239.14 crore infrmation (in brief FY 2022-23 - Rs. 112.05 crore FY 202 I -22 - NIL *Subsequent to merger of EEPL with EESL
J.

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SPEEDING AHIAD
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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