Exide Industries Ltd. — Capital/Financing Update 2024

Jul 16, 2024

==> picture [192 x 61] intentionally omitted <==

& EXIDE

RefNo: EIL/SEC/2024-25/39

Date: 16thJuly2024
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 Wholly Owned Subsidiary through Rights Issue

This is to inform you that on 16th July 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. 2577.24 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-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 Ind us tries Limited

JITENDRA KUMAR Digitally signed by JITENDRA KUMAR MOHAN LAL MOHAN LAL Date: 2024.07.16 16:49:50 +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

==> picture [142 x 62] intentionally omitted <==

&EXIDE

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 sue]	the target entity details in brief sue]	Exide Energy Solutions Limited (EESL), an existing
	size, turnover 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 detai Is of EESL are given below:
				Paid up equity share capital as on date: Rs. 919.49
				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 £ESL including
				share premium stands to Rs. 2577.24 crore including
				investment made in erstwhile merged subsidiary Exide
				EnergyPrivate 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			£ESL 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 1s mentioned above, the
	length"			Promoter/promoter group/group compames have no
				interest in the transaction.
				The said transaction is at arm's length.
C.	Industry to which the entity being acquired belongs			Manufcturing battery cells of advanced chemistry and frm 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

==> picture [141 x 61] intentionally omitted <==

&EXIDE

d. e. 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 manufacturing & 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 feld I isted entity) project and meet its various funding requirements. With the current investment, EIL shareholding in EESL remains unchanged at 100% Brief details of any governmental 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 feld plant at but not limited to, disclosure of reasons frBengaluru for manufacturing & 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 feld I isted entity) project and meet its various funding requirements. With the current investment, EIL shareholding in EESL remains unchanged at 100% Brief details of any governmental 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 feld plant at but not limited to, disclosure of reasons frBengaluru for manufacturing & 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 feld I isted entity) project and meet its various funding requirements. With the current investment, EIL shareholding in EESL remains unchanged at 100% Brief details of any governmental or None regulatory approvals required fr the acquisition
f. Indicative time period fr completion of theThe equity shares against thecurrentinvestmentwere acquisition allotted on 16thJuly 2024
Nature of considerationwhethercashCash
g. consideration or share swap and details of the same
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_controlWith the current investment, EIL shareholding in EESL acquired and / or number of shares acquired remains unchanged at 100%
J. Brief background aboutthe entityEESL was incorporated on24thMarch 2022 and the acquired m 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 fr last 3 years are as under which the acquired entity has presence andFY 2023-24 -Rs. 239.14 crore*
any other signifcant infrmation (in brief)		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