Exide Industries Ltd. — Capital/Financing Update 2024

Mar 22, 2024

JITENDRA KUMAR Digitally signed by JITENDRA KUMAR MOHAN LAL MOHAN LAL Date: 2024.03.22 16:49:55 +05'30'

a.	Nameofthe target entity details in brief suchas	Chloride Metals Limited (CML)isan existing wholly owned
	size, turnover etc.	subsidiaryofExide Industries Limited (EIL).Itwas
		incorporated on14thDecember1998andbecame a wholly
		owned subsidiaryofExide Industries Ltd since 1stNovember
		2007.Itisengaged in the businessofrunning smelting plants
		having integrated facilities for extracting lead from exhausted
		batteries and manufacturing and supplying recycled lead and
		lead alloys. Some of the relevant detailsofCML are given
		below:
		Paid up equity share capitalason date:Rs.73.58 crore
		Net worthason 31.03.2023:Rs249.42 crore
		Turnoverason 31.03.2023: 3,918.77crore
		Loss after Tax for the year ended 31.03.2023:Rs.4.26
		crore
b.	Whether the acquisition would fall within	Yes, since CMLisa wholly owned subsidiaryofEIL. CML
	related party transaction(s) and whether the	has allotted 1,27,90,698 nos. equity sharesofRs.10/- each at
	promoter/ promoter group/ group companieshave any interest in the entity being acquired?	a premiumofRs. 76/- per share aggregatingtoRs.1,10,00,00,028/- (Rupees One Hundred and Ten Crores andTwenty-Eight only) on rights basistoEIL.
	Ifyes, natureofinterest and details thereof and	Save&exceptwhatismentionedabove,the
	whether the same is done at "arm's length"	Promoter/promoter group/group companies have no interest in
		the transaction.
		The said transaction isatarm's length.
c.	Industrytowhich the entity being acquired	Manufacturingofmetal and metal products
	belongs
d.	Objects and effectsofacquisition (including	The Company has made further investment by subscribing to
	but not limited to, disclosureofreasons for	equity shares offered by CML on a rights basistofund its long
	acquisitionoftarget entity,ifits business is	term capital requirements.
	outside the main lineofbusinessofthe listed
	entity)	With the current investment, EIL's shareholding m CML
		remains unchangedat100%
e.	Brief detailsofany governmental or	None
	regulatory approvals required for the
	acquisition

f.	Indicative time period for completion	ofthe	The equity shares against the current investment were allotted
	acquisition		on 22ndMarch 2024
g.	Natureofconsiderationwhether	cash	Cash
	consideration or share swap and details	ofthe
	same
h.	Costofacquisition or the priceatwhich the		1,27 ,90,698 nos. equity sharesofRs.10/- eachata premium
	shares are acquired		ofRs.76 each on rights basistoEIL
1.	Percentageofshareholding / control acquired		With the current investment, EIL shareholding remams
	and / or numberofshares acquired		unchangedat100%
J.	Brief background about the entity acquired		CML was incorporated on14thDecember 1998 and became a
	Illtermsofproducts/lineofbusiness acquired,		wholly owned subsidiaryofExide Industries Limited since 1st
	dateofincorporation, historyoflast 3	years	November 2007 and the business objectsofit are explainedin
	. turnover, country in which the acquired	entity	point no. c above
	haspresence and any other significant
	information (in brief)		Turnover for last 3 years are: 2022-2023: 3,918 crores
			2021 -2022: 2,906 crores
			2020-2021: 1,854 crores