Exide Industries Ltd. — Capital/Financing Update 2024

Jun 26, 2024

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Ref No: EIL/SEC/2024-25/29

Date: 26[th ] June 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 through Rights Issue

This is to inform you that on 26th June 2024, "Exide Industries Limited" ('Company/EIL') has invested Rs. 49,99,99,968/- (Rupees Forty-nine crores ninety-nine lakhs ninety-nine thousand nine hundred and sixty-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. 2,502.24 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: 2024.06.26 16:59:57 +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 sue!	Name of the target entity details in brief sue!	Name of the target entity details in brief sue!	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 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. 898.66
				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 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. 2,502.24 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 1,38,88,888 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. 49,99,99,968/- (Rupees Forty-nine crores ninety­
	being acquired?			nine lakhs ninety-nine thousand nine hundred and sixty­
				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.

Exide Industries Limited, Exide House, 59E Chowringhee Road, Kolkata-700 020 Phone : (033) 2302-3400, Fax : (033) 2283-2642/37 e-mail : exideindustrieslimited@exide.co.in, www.exideindustries.com CIN: L31402WB1947PLC014919

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C.	Industry to which the entity being acquired belongs	Manufcturing battery cells of advanced chemistry and form 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.
d.	Objects and efects of acquisition (including but not limited to, disclosure of reasons for	EESL is in the process of setting up a green feld plant at Bengaluru for manufcturing & selling lithium-ion battery
	acquisition of target entity, if its business is	cells, modules and pack business. The equity investment
	outside the main line of business of the	in 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 l 00%
e.	Brief details of any governmental or	None
	regulatory approvals required fr the
	acquisition
f.	Indicative time period for completion of the	The equity shares against the current investment were
	acquisition	allotted on 26thJune 2024.
g.	Nature of consideration whether cash	Cash
	consideration or share swap and details of
	the same
h.	Cost of acquisition or the price at which the	I ,38,88,888 nos. equity shares of Rs. 10/- each at a
	shares are acquired	premium of Rs. 26/- on rights basis to EIL.
I.	Percentage of shareholding / control	With the current investment, EIL shareholding in EESL
	acquired and / or number of shares acquired	remains unchanged at I 00%
J.	Brief background about the entity	EESL was incorporated on 24thMarch 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 in	Turnover fr last 3 years are as under
	which the acquired entity has presence and	FY 2023-24 - Rs. 239.14 crore*
	any other significant information (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 GIN: L31402WB1947PLC014919