Exide Industries Ltd. — Capital/Financing Update 2024

Oct 10, 2024

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&EXIDE

Ref No: EIL/SEC/2024-25/55

10[th ] October 2024

	Ref No: EIL/SEC/2024-25/55 10thOctober 2024
	The Secretary	The Secretary
	The Calcutta Stock Exchange Limited 7 Lyons Range	BSE Limited Phiroze Jeeeebhoy 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 (isting Obligations and Disclosure Requirements) Regulations, 2015 ("LODR Regulations") - Further investment in Wholly Owned Subsidiar through Rights Issue

This is to inform you that on 10[th ] October 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. 2,852.24 crore. 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 ill 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 KUMAR MOHAN LAL MOHAN LAL Date: 2024.10.10 15:57:27 +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,www.exideindustries.com GIN: L31402WB1947PLC014919

Annexure-1

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GEXIDE

Detailed disclosures under para A of Part A of Schedule ID required under Regulation 30 of LO DR Regulations:

a.	Name of	the target entity details in brief	the target entity details in brief	Exide Energy Solutions Limited (EESL), an existing
	such as size, tover etc.			wholly owned subsidiary of Exide Industries Limited (EIL) was incorporated on 24tMarch 2022 and is engaged
				in the business of manufacturing & selling lithium-ion
				batter 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. 995.88
				crore
				Net worth as on 31.03.2024: Rs. 1,981.56 crore
				Turover 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. 2,852.24 crore including
				investent made in erstwhile merged subsidiary Exide
				EnergyPrivate Limited('EEPL').
b.	Whether the acquisition would fll within related party transaction(s) and whether the			Yes, since EESL is a wholly owned subsidiary of EIL. EESL has allotted 2,77,77,777 nos. equit shares of Rs.
	promoter/ promoter		group/ group	10/- each at a premium of Rs. 26/- per share aggregating
	companies have any interest in the entit			to Rs. 99,99,99,972/- (Rupees Ninety-Nine crores ninety­
	being acquired?			nme lakhs ninety-nine thousand nme hundred and
				seventy-two only) on rights basis to EIL.
	If yes, nature of interest and details thereof
	and whether the same is		done at "arm's	Save & except what 1s mentioned above, the
	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 entit being acquired belongs			Manufcturing battery cells of advanced chemistry and frm fctor, including but not limited to cylindrical, pouch, prismatic, (the "Batter 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 GIN: L31402WB1947PLC014919

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&EXIDE

d. e. Objects and efects of acquisition (includingEESL is in the process of setting up a green field plant at but not limited to, disclosure of reasons fr Bengaluru fr manufcturing & selling lithium-ion battery acquisition of target entity, if its business iscells, modules and pack business. The equity investment outside the mainline of business of thein EESL on a rights basis is to fund the above green field listed entity) project and meet its various funding requirements. With the current investment, EIL shareholding in EESL remains unchanged at 100% Brief details of any goverental or None regulatory approvals required fr the acquisition	d. e. Objects and efects of acquisition (includingEESL is in the process of setting up a green field plant at but not limited to, disclosure of reasons fr Bengaluru fr manufcturing & selling lithium-ion battery acquisition of target entity, if its business iscells, modules and pack business. The equity investment outside the mainline of business of thein EESL on a rights basis is to fund the above green field listed entity) project and meet its various funding requirements. With the current investment, EIL shareholding in EESL remains unchanged at 100% Brief details of any goverental or None regulatory approvals required fr the acquisition	d. e. Objects and efects of acquisition (includingEESL is in the process of setting up a green field plant at but not limited to, disclosure of reasons fr Bengaluru fr manufcturing & selling lithium-ion battery acquisition of target entity, if its business iscells, modules and pack business. The equity investment outside the mainline of business of thein EESL on a rights basis is to fund the above green field listed entity) project and meet its various funding requirements. With the current investment, EIL shareholding in EESL remains unchanged at 100% Brief details of any goverental or None regulatory approvals required fr the acquisition
f. Indicative time period fr completion of the acquisition		The equity shares against the curent investent were allotted on 10tOctober 2024
g.	Nature ofconsiderationwhethercash consideration or share swap and details of	Cash
the same
h. Cost of acquisition or the price at which the 2,77,77,777 nos. equit shares of Rs. 10/- each at a shares are acquired premium of Rs. 26/- on rights basis to EIL
I. Percentage ofshaeholding_I_contolWith the current investment, EIL shareholding in EESL acquired and / or number of shares acquired remains unchanged at 1 00%
J. Brief backgroundabout theentitEESL was incorporated on24tMarch 2022 and the acquired in terms of products/line ofbusiness objects of it are explained in point no. c above business acquired, date of incorporation, history of last 3 years' turover, county inTurover fr last 3 years are as under which the acquired entity has presence andFY 2023-24 -Rs. 239.14 crore any other significant infrmation (in brief FY 2022-23 -Rs. 112.05 crore FY 2021-22-NIL *Subsequent to merger of EEP L with EES

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