Exide Industries Ltd. — Capital/Financing Update 2025

Sep 25, 2025

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&EXIDE

RefNo: EIL/SEC/2025-26/40

RefNo: EIL/SEC/2025-26/40
25thSeptember 2025
The Secretary	The Secretary
The Calcutta Stock Exchange Limited	BSE Limited
7 Lyons Range	Phiroze Jeejeebhoy Towers, Dalal Street,
Kolkata - 700 00 I	Mumbai - 400 00 I
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,
Sandra (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 Whollv Owned Subsidiarv

This is to inform you that on 25[th ] September 2025, "Exide Industries Limited" ('Company/EIL') has invested Rs. 80,00,00,000/- (Rupees Eighty crores 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. 3,882.23 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 Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated I Ith November 2024 is enclosed herewith.

You are requested to kindly take the fact on record.

Thanking you.

For Exide Industries Limited

JITENDRA KUMAR Digitally signed by JITENDRA KUMAR MOHANLAL MOHANLAL Date: 2025.09.25 16:17:43 +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 GIN: L31402WB1947PLC014919

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Annexure-1

Detailed disclosures under para A of Part A of Schedule III required under Regulation 30 of LODR Regulations:

a. b. c.

Name of the target entity details in brief such as size, turover etc. Exide Energy Solutions Limited (EESL), an existing 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. 1,274.21 crore Net worth as on 31.03.2025: Rs. 2,738.06 crore Turnover as on 31.03.2025: Rs. 116.89 crore Loss afer Tax fr the year ended 31.03.2025: Rs. 209.12 crore As on date, the total investment by Exide Industries Limited in the equity share capital of EESL including share premium stands to Rs. 3,882.23 crore including investment made in erstwhile merged subsidiary Exide Energy Private Limited ('EEPL'). Whether the acquisition would fll within Yes, since EESL is a wholly owned subsidiary of EIL. related party transaction(s) and whether the EESL has allotted 2,00,00,000 nos. equity shares of promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and detai Is thereof and whether the same is done at "arm's length" Industry to which the entity being acquired belongs Rs. I 0/- each at a premium of Rs. 30/- per share aggregating to Rs. 80,00,00,000 /- (Rupees Eighty crores only) on rights basis to EIL. Save & except what 1s mentioned above, the Promoter/promoter group/group companies have no interest in the transaction. The said transaction is at arm's length. Manufcturing battery cells of advanced chemistry and frm 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 GIN: L31402WB1947PLC014919

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&EXIDI

d. e.	Objects and efects ofacquisition (including but EESL is in the process of setting up a green feld plant notlimitedto, disclosureofreasonsforat Bengaluru fr manufacturing & selling lithium-ion acquisition of target entity, if its business isbattery cells, modules and pack business. The equity outside the main line of business of the listed investment in EESL on a rights basis is to fund the entity) above green field project and meet its various funding requirements. With the current investment,EILshareholdingin EESL remains unchanged at I 00% Brief details of any governmental or regulatory None approvals required fr the acquisition Indicative timeperiod fr completion of theThe equity shares against the current investment were acquisition allotted on 25thSeptember 2025 Nature of consideration whether cashCash consideration or share swap and details of the same Cost of acquisition or the price at which the2,00,00,000 nos. equity shares of Rs. 10/- each at a shares are acquired premium of Rs. 30/- each on rights basis to EIL Percentage of shareholding / controlacquiredWith the current investment, EIL shareholding1n and / or number of shares acquired EESL remains unchanged at 100% Briefbackground about the entity acquiredEESL was incorporated on 24thMarch 2022 and the Interms of products/line of business acquired,business objects ofit are explained in point no. c above date of incorporation, history of last 3 years' turover, country in which the acquired entity Turover for last 3 years are as under haspresenceand anyothersignifcant FY 2024-25 - Rs. 116.89 crore information (in brief FY 2023-24 - Rs. 239.14 crore FY 2022-23 - Rs. 112.05 crore Subsequent to merger of EEP L with EESL	Objects and efects ofacquisition (including but EESL is in the process of setting up a green feld plant notlimitedto, disclosureofreasonsforat Bengaluru fr manufacturing & selling lithium-ion acquisition of target entity, if its business isbattery cells, modules and pack business. The equity outside the main line of business of the listed investment in EESL on a rights basis is to fund the entity) above green field project and meet its various funding requirements. With the current investment,EILshareholdingin EESL remains unchanged at I 00% Brief details of any governmental or regulatory None approvals required fr the acquisition Indicative timeperiod fr completion of theThe equity shares against the current investment were acquisition allotted on 25thSeptember 2025 Nature of consideration whether cashCash consideration or share swap and details of the same Cost of acquisition or the price at which the2,00,00,000 nos. equity shares of Rs. 10/- each at a shares are acquired premium of Rs. 30/- each on rights basis to EIL Percentage of shareholding / controlacquiredWith the current investment, EIL shareholding1n and / or number of shares acquired EESL remains unchanged at 100% Briefbackground about the entity acquiredEESL was incorporated on 24thMarch 2022 and the Interms of products/line of business acquired,business objects ofit are explained in point no. c above date of incorporation, history of last 3 years' turover, country in which the acquired entity Turover for last 3 years are as under haspresenceand anyothersignifcant FY 2024-25 - Rs. 116.89 crore information (in brief FY 2023-24 - Rs. 239.14 crore FY 2022-23 - Rs. 112.05 crore Subsequent to merger of EEP L with EESL
f
g.		Cash 2,00,00,000 nos. equity shares of Rs. 10/- each at a premium of Rs. 30/- each on rights basis to EIL With the current investment, EIL shareholding1n EESL remains unchanged at 100%
h.
I.
j.		EESL was incorporated on 24thMarch 2022 and the business objects ofit are explained in point no. c above Turover for last 3 years are as under FY 2024-25 - Rs. 116.89 crore FY 2023-24 - Rs. 239.14 crore FY 2022-23 - Rs. 112.05 crore Subsequent to merger of EEP L with EESL

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 GIN: L31402WB1947PLC014919