Exide Industries Ltd. — Capital/Financing Update 2024

Jan 2, 2024

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Ref No: EIL/SEC/2023-24/71

Date: 2[nd ] January 2024

	The SecretaryThe SecretaryThe Calcutta Stock Exchange LimitedBSE Limited7 Lyons RangePhiroze Jeejeebhoy Towers, DalalKolkata - 700 001Street Mumbai - 400 001	The SecretaryThe SecretaryThe Calcutta Stock Exchange LimitedBSE Limited7 Lyons RangePhiroze Jeejeebhoy Towers, DalalKolkata - 700 001Street Mumbai - 400 001	The SecretaryThe SecretaryThe Calcutta Stock Exchange LimitedBSE Limited7 Lyons RangePhiroze Jeejeebhoy Towers, DalalKolkata - 700 001Street Mumbai - 400 001
	CSE Scrip Code: 15060 &10015060	,BSE Scrip Code: 500086
	The Secretary	-
	National Stock Exchange of India
	LimitedEh Pl 5th Fl
	xcange aza, oorPlot 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") - Increase in Corporate Guarantee limit from Rs 2000 er. to Rs 3000 er. to its wholly owned subsidiary, Exide Energy Solutions Limited

This is in furtherance to our letter dated 4[th ] September 2023 wherein Exide Industries Limited (EIL/Company) had communicated on the extension of Corporate Guarantee to the tune of Rs. 2000 crore in favour of various banks against the respective credit facilities sanctioned by the banks to Exide Energy Solutions Limited (EESL), a wholly owned subsidiary of the Company.

In terms of provisions of Regulation 30 (read with para B of Part A of Schedule III) and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to fu1ther inform that the corporate guarantee limit will be increased from Rs 2000 crore to Rs 3000 crore.

As part of this exercise, the Company has executed deed of corporate guarantee with ICICI Bank Limited thus totalling overall limit to Rs. 750 crore. The Company is in the process to execute the agreements for balance amount with various other banks.

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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&EXIDE

The detailed disclosure required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is enclosed herewith.

This is for your information and records.

Thanking you. For Exide Industries Limited

JITENDRA Digitally signed by JITENDRA KUMAR KUMAR MOHAN LAL Date: 2024.01.02 MOHAN LAL 19:28:34 +05'30' (Jitendra Kumar) Company Secretary & President- Legal & Corporate Affairs ACS No. 11159

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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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Detailed Disclosures required under Regulation 30 of LODR Regulations:

a	Name of party fr which such guarantees	Exide Energy Solutions Limited (EESL),
	or indemnityor suretywasgiven	WhollyOwned Subsidiary
b	Whether the promoter/ promoter group/group companies have any interest intransaction?	None of the promoter/ promoter group/group compames have any interest mtransaction.
	If yes, nature of interest and details thereof
	and whether the same is done at "arm's
	length";
C	B1ief details of such guarantee viz. briefdetails of agreement entered (ifany)including has beenenteredto securesignifcanttermsandconditions,including amount of guarantee;	EIL is in process of increasing the total limitof Cororate Guarantee fom Rs 2000 crore toRs. 3000 crore in fvour of vaiious banksagainst the credit facilities to be availed byExide Energy Solutions Limited (EESL), a
		wholly owned subsidiary of the Company.
		As pai1 of the exercise, the Company hasexecuted deed of cororate guarantee with
		ICICI Bank Limited thus totalling overall limit
		to Rs. 750 crore m proportion to theirsanctioned fcility and is valid until the facilitygets repaid in fll.
		The Company is in the process to execute the
		agreements for balance amount with vaiious
		other banks.
d	Impact of such guarantees on listed entity.	The Cororate Guarantee does not haveanyimpact on the Company.

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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