Exide Industries Ltd. — Capital/Financing Update 2024

Aug 20, 2024

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Ref No: ETL/SEC/2024-25/44

Ref No: ETL/SEC/2024-25/44	Ref No: ETL/SEC/2024-25/44
Date: 20thAugust 2024
The SecretaryThe Calcutta Stock Exchange Limited7 Lyons RangeKolkata - 700 001	The SecretaryBSE LimitedPhiroze Jeejeebhoy Towers, Dalal Street,Mumbai - 400 001
CSE Scrip Code: 15060 &10015060BSE Scrip Code: 500086
The Secretary-National Stock Exchange of India Limited
Exchange Plaza, 5th FloorPlot no. C/1, G Block,Bandra-Kurla Complex,Bandra (E), Mumbai - 400 051NSE 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 20th August 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. 2,652.24 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: 2024.08.20 16:55:01 +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 ofthe target entity details in briefsucl	Name ofthe target entity details in briefsucl	Name ofthe target entity details in briefsucl	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 fr India's electric
				vehicle market and stationary applications. Some of the
				relevant details of EESL are given below:
				-Paid up equity share capital as on date: Rs. 940.33
				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 EESL including
				share premium stands to Rs. 2652.24 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 2,08,33,333 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 is 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
				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

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GEXIDE

d.	Objects and efects of acquisitio	n (includingEESL is in the process o		f setting up a green feld plant at
	but not limited to, disclosure of	reasons frBengaluru for manufctu		ring & selling lithium-ion battery
	acquisition of target entity, if its	business iscells, modules and pack		business. The equity investment
	outside the mainline of busi	ness of thein 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 I 00%
e.	Brief details of any goverment	al or	None
	regulatory approvals required fo
		r the
	acquisition
f	Indicative time period for compl	etion of the	The equity shares agai	nst thecurrentinvestment were
	acquisition		allotted on 20thAugust 2	024
g.	Nature ofconsiderationwh	ethercash	Cash
	consideration or share swap an	dil f
		etas o
	the same
h.	Cost of acquisition or the price a	t which the2,08,33,333 nos. equit		y shares of Rs. I 0/- each at a
	shares are acquired	premium of Rs. 26/- on r		ights basis to EIL
I.	Percentageofshareholding	_I_controlWith the current investm		ent, EIL shareholding in EESL
	acquired and / or number of shar	es acquiredremains unchanged at I 0		0%
J.				th
	Briefbackgroundaboutid t f d	theentity EESL was incorporatet/li f bi bjt f it		on24 March 2022 and thelid i it b
	acqure1erms o pro	csne o usness oecs o are		expane n pon no. c aove
	bi id dt f i	orporation,
	usness acqure, ae o nhi f l 3
		iT fo lt 3		d
	story o ast years turnover,hih h id i h	country nurover r as years		are as uner
		esence and FY 2023-24 - Rs. 239.14		crore*
	wc te acqure entty as prh iif ifoi
		i bifFY 202223 R 1120		*
	any oter sgncant nrmato	(n re)- - s. .FY 2021-22 - NIL		crore
		*Subsequent to merger of E		EP L with £ESL

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