Exide Industries Ltd. — Capital/Financing Update 2024

Mar 22, 2024

RefNo: EIL/SEC/2023-24/89

Date: 22nd March 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 oflndia 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 22nd March 2024, "Exide Industries Limited" ('Company/EIL') has invested Rs. 110,00,00,028/- (Rupees One Hundred and Ten Crores and Twenty-Eight only) by way of subscription in the equity share capital of its wholly owned subsidiary, "Chloride Metals Limited" (hereinafter referred as 'CML'), on rights basis. There is no change in the shareholding percentage of the Company in CML 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 13th July 2023 is enclosed herewith.

You are requested to kindly take the above on record.

Thanking you.

For Exide Industries Limited Jitendra Kumar Company Secretary & President (Legal & Corporate Affairs) ACS No.11159 JITENDRA KUMAR MOHAN LAL Digitally signed by JITENDRA KUMAR MOHAN LAL Date: 2024.03.22 16:49:55 +05'30'

Encl: as above

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 such as Chloride Metals Limited (CML) is an existing wholly owned
	size, turnover etc.	of ExidesubsidiaryIndustriesLimited(EIL).wasItincorporated on 14th December 1998 and became a whollyowned subsidiary of Exide Industries Ltd since 1 st November2007. It is engaged in the business of running smelting plantshaving integrated facilities for extracting lead from exhaustedbatteries and manufacturing and supplying recycled lead andlead alloys. Some of the relevant details of CML are givenbelow:
		Paid up equity share capital as on date: Rs. 73.58 croreNet worth as on 31.03.2023: Rs 249.42 croreTurnover as on 31.03.2023: 3,918.77 croreLoss after Tax for the year ended 31.03.2023: Rs. 4.26crore
b.	Whether the acquisition would fallwithinrelated party transaction(s) and whether thepromoter/ promoter group/ group companieshave any interest in the entity being acquired?	Yes, since CML is a wholly owned subsidiary of EIL. CMLhas allotted 1,27,90,698 nos. equity shares of Rs. 10/-each ata premium of Rs.76/-per share aggregating toRs.1,10,00,00,028/- (Rupees One Hundred and Ten Crores andTwenty-Eight only) on rights basis to EIL.
	If yes, nature of interest and details thereof andwhether the same is done at "arm's length"	Save&exceptwhatmentionedabove,theisPromoter/promoter group/group companies have no interest inthe transaction.
		The said transaction is at arm's length.
c.	Industry to which the entity being acquiredbelongs	Manufacturing of metal and metal products
d.	Objects and effects of acquisition (includingbut not limited to, disclosure of reasons foracquisition of target entity, if its business isoutside the main line of business of the listedentity)	The Company has made further investment by subscribing toequity shares offered by CML on a rights basis to fund its longterm capital requirements.With the current investment, EIL's shareholding m CMLremains unchanged at 100%
e.	Brief details of any governmental orregulatory approvals required for theacquisition	None

f.	Indicative time period for completion of theacquisition	The equity shares against the current investment were allottedon 22nd March 2024
g.	Natureofconsiderationwhethercashconsideration or share swap and details of thesame	Cash
h.	Cost of acquisition or the price at which the	1,27 ,90,698 nos. equity shares of Rs. 10/-each at a premium
	shares are acquired	of Rs.76 each on rights basis to EIL
1.	Percentage of shareholding / control acquiredand / or number of shares acquired	With the current investment, EIL shareholding remamsunchanged at 100%
J.	Briefbackground about the entityacquiredIll terms of products/line of business acquired,date of incorporation, history of last 3 years. turnover, country in which the acquired entityhaspresenceandanyothersignificant	CML was incorporated on 14th December 1998 and became awholly owned subsidiary of Exide Industries Limited since 1 stNovember 2007 and the business objects of it are explained inpoint no. c above
	information (in brief)	Turnover for last 3 years are:2022-2023: 3,918 crores2021 -2022: 2,906 crores
		2020-2021: 1,854 crores