Exide Industries Ltd. — Capital/Financing Update 2024

Nov 12, 2024

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Ref No: EIL/SEC/2024-25/64

12[th ] November 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 Obligations and Disclosure Requirements) Regulations, 2015 ("LODR Regulations") - Further investment in Wholly Owned Subsidiary

This is to inform you that on 12[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. 2,952.24 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 Digitally signed by JITENDRA KUMAR MOHAN KUMAR MOHAN LAL LAL Date: 2024.11.12 15:58:53 +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 of the target entity details in brief	Name of the target entity details in brief	Name of the target entity details in brief	Exide Energy Solutions Limited (EESL), an existing
	such as size, turnover 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 for 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. 1023.66
				crore
				Net wo11h 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. 2,952.24 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 2,77,77,777 nos. equity shares of Rs.
	promoter/	promoter	group/ group	I 0/- each at a premium of Rs. 26/- per share aggregating
	companies have any interest in the entity			to Rs. 99,99,99,972/- (Rupees Ninety-Nine crores ninety­
	being acquired?			nme lakhs ninety-nine thousand nine hundred and
				seventy-two only) on rights basis to EIL.
	If yes, nature of interest and detai Is 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 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
				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 effects of acquisition (includingEESL is in the process of setting up a green feld plant at but not limited to, disclosure of reasons frBengaluru 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 fnd 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%	d. Objects and effects of acquisition (includingEESL is in the process of setting up a green feld plant at but not limited to, disclosure of reasons frBengaluru 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 fnd 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%	d. Objects and effects of acquisition (includingEESL is in the process of setting up a green feld plant at but not limited to, disclosure of reasons frBengaluru 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 fnd 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. Brief details of any governmental or None regulatory approvals required fr the
	acquisition
f.	Indicative time period for completion of the acquisition	The equity shares against the currentinvestment were al lotted on 12thNovember 2024
g.	Nature ofconsiderationwhethercash consideration or share swap and details of the same	Cash
h.	Cost of acquisition or the price at which the 2,77,77,777 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_controlWith the current investment, EIL shareholding in EESL acquired and / or number of shares acquired remains unchanged at 100%
J. Brief backgroundabouttheentityEESL was incorporated on24thMarch 2022 and the acquired 1 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' turnover, country inTurnover for last 3 years are as under which the acquired entity has presence andFY 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 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, w .exideindustries.com GIN: L31402WB1947PLC014919