Exide Industries Ltd. — Capital/Financing Update 2024

Nov 26, 2024

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RefNo: EIL/SEC/2024-25/71

26[th ] November 2024

RefNo: EIL/SEC/2024-25/71 6thNovember 2024
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
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 Obligations and Disclosure Requirements) Regulations, 2015 ("LODR Regulations") - Further investment in WholJ: Owned Subsidiary

This is to inform you that on 26[th ] November 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. 3,052.24 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-I/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: 2024.11.26 16:22:41 +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, 2283-2171, 2283-2118 e-mail : exideindustrieslimited@exide.co.in, w .exideindustries.com CIN: L31402WB1947PLC014919

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Annexure-1

Detailed disclosures under para A of Part A of Schedule III required under Regulation 30 of LO DR 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 24tMarch 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 of EESL are given below: - Paid up equity share capital as on date: Rs. l 051.44 crore Net worth as on 31.03.2024: Rs. 1,981.56 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 of EESL including share premium stands to Rs. 3,052.24 crore including investment made in erstwhile merged subsidiary Exide EnergyPrivate Limited ('EEPL').

b. C. Whether the acquisition would fll within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length" Industry to which the entity being acquired belongs

Yes, since EESL is a wholly owned subsidiary of EIL. EESL has allotted 2,77,77,777 nos. equity shares of Rs. 10/- each at a premium of Rs. 26/- per share aggregating to Rs. 99,99,99,972/- (Rupees Ninety-Nine crores ninety­ nme lakhs ninety-nine thousand nme hundred and seventy-two only) on rights basis to EIL. Save & except what is mentioned above, the Promoter/promoter goup/group companies have no interest in the transaction. The said transaction is at arm's lengh. 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.

Exide Industries Limited, Exide House, 59E Chowringhee Road, Kolkata-700 020 Phone : (033) 2302-3400, 2283-2171, 2283-2118 e-mail : exideindustrieslimited@exide.co.in, www.exideindustries.com CIN : L31402WB1947PLC014919

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d.		Objects and efects of acquisition (including but not limited to, disclosure of reasons fr acquisition of target entity, if its business is outside the main line of business of the listed entity) Brief details of any governmental or regulatory approvals required for the acquisition Indicative time period fr completion of the acquisition	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 fnd the above green field project and meet its various fnding requirements. With the current investment, EIL shareholding in EESL remains unchanged at I 00% None The equity shares against the currentinvestment were allotted on 26tNovember 2024 Cash	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 fnd the above green field project and meet its various fnding requirements. With the current investment, EIL shareholding in EESL remains unchanged at I 00% None The equity shares against the currentinvestment were allotted on 26tNovember 2024 Cash	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 fnd the above green field project and meet its various fnding requirements. With the current investment, EIL shareholding in EESL remains unchanged at I 00% None The equity shares against the currentinvestment were allotted on 26tNovember 2024 Cash
e.				investment were
f.
g.		Natureofconsideration whether cash consideration or share swap and details of the same Cost of acquisition or the price at which the shares are acquired Percentageofshareholding_I_control acquired and / or number of shares acquired
h. i. j.			2,77,77,777 nos.equityshares of Rs.10/- each at a premium of Rs. 26/- on rights basis to EIL With the current investment, EIL shareholding in EESL remains unchanged at 100%
		Brief backgroundabout the entity acquired m terms of products/line of business acquired, date of incorporation, history of last 3 years' turover, country in which the acquired entity has presence and any other signifcant infrmation (in brief	EESL was incorporated on 24tMarch 2022 and the business objects of it are explained in point no. c above Turover fr last 3 years are as under FY 2023-24 - Rs. 239.14 crore FY 2022-23 - Rs. 112.05 crore FY 2021-22 - NIL *Subsequent to merger of EEPL with EESL

Exide Industries Limited, Exide House, 59E Chowringhee Road, Kolkata-700 020 Phone: (033) 2302-3400, 2283-2171, 2283-2118 e-mail : exideindustrieslimited@exide.co.in, www.exideindustries.com CIN: L31402WB1947PLC014919