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Exide Industries Ltd. — Capital/Financing Update 2024
Oct 15, 2024
60960_rns_2024-10-15_f7a1e1fe-b7ab-47db-9c17-de100b1070c2.pdf
Capital/Financing Update
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GIXIDE
Ref no. EIL/SEC/2024-25/57
15[th ] October 2024
| 15thOctober 2024 | ||
|---|---|---|
| The Secretary | The Secretary | |
| The Calcutta Stock Exchange Limited | BSELimited | |
| 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: Update on execution of agreements by Exide Energy Solutions Limited (a material wholly owned subsidiary company) for the purpose of acquisition of solar power by acquisition of equity stake of 26% of "Clean Max Beta Private Limited"
This is to inform you that "Exide Energy Solutions Limited' ("EESL"), a material wholly owned subsidiary of Exide Industries Limited ("Company") has entered into a "Energy Supply Agreement" dated 14[th ] October 2024 with "Clean Max Beta Private Limited" ("SPV"), under which the SPY company will develop and supply solar power of 17 MWp to EESL in state of Karnataka under the Captive user Policy.
EESL has also entered into a Share Purchase Agreement ("SPA") dated 14[th ] October 2024 with the SPY and "Clean Max Enviro Energy Solutions Private Ltd.", the promoter shareholder of SPY ("Promoter Shareholder") towards subscription of not less than 26% paid-up equity share capital of the SPY with a total investment of Rs. 5,95,00,000 (Rupees Five Crore Ninety-Five Lakhs only).
Please note that this disclosure is below the threshold limit of the Company for materiality for disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time. The above transaction doesn't fall within the purview of related party transactions and is a step to increase the renewable power consumption at EESL.
Thanking You
For Exide Industries Limited
Digitally signed by JITENDRA JITENDRA KUMAR KUMAR MOHAN LAL MOHAN LAL Date: 2024.10.15 13:11:43 +05'30'
Jitendra Kumar
(Company Secretary & President- Legal & Corporate Affairs)
ACS No. 11159
Exide Industries Limited, Exide House, 59E Chowringhee Road, Kolkata-700 020 Phone : (033) 2302-3400, 2283-2171, 2283-2118 e-mail : [email protected], www.exideindustries.com CIN: L31402WB1947PLC014919