Exide Industries Ltd. — Capital/Financing Update 2024

Aug 20, 2024

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&EXIDE

Ref No: ETL/SEC/2024-25/44

Date: 20thAugust 2024	Date: 20thAugust 2024
The Secretary The Calcutta Stock Exchange Limited 7 Lyons Range Kolkata - 700 001	The Secretary BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, 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 Wholly Owned Subsidiary through Rights Issue

This is to inform you that on 20th August 2024, "Exide Industries Limited" ('Company/EIL') has invested Rs. 74,99,99,988/- (Rupees Seventy-four crores ninety-nine lakhs ninety-nine thousand nine hundred and eighty-eight 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. 2,652.24 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 III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("LODR Regulations") and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-l/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: 2024.08.20 16:55:01 +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 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 ofthe target entity details in briefsucl	Name ofthe target entity details in briefsucl	Name ofthe target entity details in briefsucl	Exide Energy Solutions Limited (EESL), an existing
	size, turover etc.			wholly owned subsidiary of Exide Industries Limited
				(EIL) was incorporated on 24thMarch 2022 and is engaged
				in the business of manufacturing & 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. 940.33
				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 for 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. 2652.24 crore including
				investment made in erstwhile merged subsidiary Exide
				EnergyPrivate Limited('EEPL').
b.	Whether the acquisition		would fall within	Yes, since EESL is a wholly owned subsidiary of EIL.
	related party transaction(s) and whether the			EESL has allotted 2,08,33,333 nos. equity shares of Rs.
	promoter/	promoter	group/ group	10/- each at a premium of Rs. 26/- per share aggregating
	companies have any interest in the entity			to Rs. 74,99,99,988/- (Rupees Seventy-fur crores
	being acquired?			ninety-nine lakhs ninety-nine thousand nine hundred and
				eighty-eight 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 is 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 entity being acquired			Manufacturing battery cells of advanced chemistry and
	belongs			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.

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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GEXIDE

d. Objects and efects of acquisition (includingEESL is in the process of setting up a green feld plant at but not limited to, disclosure of reasons frBengaluru for 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.	d. Objects and efects of acquisition (includingEESL is in the process of setting up a green feld plant at but not limited to, disclosure of reasons frBengaluru for 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 I 00%
e. f Brief details of any govermental or regulatory approvals required for the acquisition Indicative time period for completion of the acquisition	None The equity shares against thecurrentinvestment were allotted on 20thAugust 2024
g. Nature ofconsiderationwhethercash consideration or share swap and details of the same	Cash
h. Cost of acquisition or the price at which the2,08,33,333 nos. equity shares of Rs. I 0/- each at a shares are acquired premium of Rs. 26/- on rights basis to EIL
I. Percentageofshareholding_I_control With the current investment, EIL shareholding in EESL acquired and / or number of shares acquiredremains unchanged at I 00%
J. Brief backgroundabouttheentity EESL was incorporated on24thMarch 2022 and the acquired 1 terms of products/line of business objects of it are explained in point no. c above
business acquired, date of incorporation, history of last 3 years turnover, country inTurover for last 3 years are as under which the acquired entity has presence and FY 2023-24 - Rs. 239.14 crore any other signifcant information (in brief) FY 2022-23 - Rs. 112.05 crore FY 2021-22 - NIL *Subsequent to merger of EEP L with £ESL

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