Exide Industries Ltd. — Capital/Financing Update 2025

Jul 22, 2025

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&EXIDE

RefNo: ElL/SEC/2025-26/23

22ndJuly2025
The Secretary The Calcutta Stock Exchange Limited	IThe Secretary 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 EBI (Listing Obligations and Disclosure Requirement ) Regulation , 2015 ("LODR Reglations") - Further investment in Whollv Owned ubsidiarv

July 2025, ·'Exide Industries Limited" ('Company/EIL ') has This is to inform you that on 22[n][d ] invested Rs. I 00,00,00,000/- (Rupees One hundred 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. 3,702.23 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/C[R/P/0 155 dated 11th November 2024 is enclosed herewith.

You are requested to kindly take the fact on record.

Thanking you.

For Exide Industries Limited

JITENDRA Digitally signed by JITENDRA KUMAR KUMAR MOHANLAL MOHANLAL Date: 2025.07.22 17:24:40 +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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GIXIDI

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	Exide Energy Solutions Limited (EESL), an existing
	as size, turnover etc.	wholly owned subsidiary of Exide Industries Limited
		(EIL) was incorporated on 24111March 2022 and is
		engaged in the business of manufcturing & 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.
		1,229.21 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 for 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. 3,702.23 crore including
		investment made m erstwhile merged subsidiary
		Exide Energy Private Limited ('EEPL').
b.	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 2,50,00,000 nos. equity shares of
	promoter/ promoter group/ group companies	Rs. 10/- each at a premium of Rs. 30/- per share
	have any interest in the entity being acquired?	aggregating to Rs. 100,00,00,000 /- (Rupees One
		hundred crores only) on rights basis to EIL.
	If yes, nature of interest and detai Is thereof and
	whether the same is done at "arm's length"	Save & except what ts mentioned above, the
		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 belongs	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 CIN: L31402WB1947PLC014919

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&EXIDE

	&EXI
d.	Objects and effects of acquisition (including butEESL 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 is battery cells, modules and pack business. The equity outside the main line of business of the listedinvestment in EESL on a rights basis is to fund the entity) above green field project and meet its various funding req ui rem en ts. With the current investment,E!LshareholdingIn EESL remains unchanged at 100% Brief details of any governmental or regulatory None approvals required for the acquisition Indicative time period fr completion of theThe equity shares against the current investment were acquisition allotted on 22ndJuly 2025 Nature of consideration whether cashCash consideration or share swap and details of the same Cost of acquisition or the price at which the2,50,00,000 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 / control acquired With the current investment,EILshareholdingin and / or number of shares acquired EESL remains unchanged at 100%
e. f
g.
h.	Cost of acquisition or the price at which the2,50,00,000 nos. equity shares of Rs. 10/- each at shares are acquired premium of Rs. 30/- each on rights basis to EIL
I. J.
	Briefbackground about the entity acquiredEESL was incorporated on 24thMarch 2022 and the
	mterms of products/line of business acquired,business objects of it are explained in point no. c above date of incorporation, history of last 3 years' turnover, country in which the acquired entityTurnover for last 3 years are as under haspresenceandanyothersignifcant FY 2024-25 - Rs. 1 16.89 crore infonnation (in brief FY 2023-24 - Rs. 239. l 4 crore FY 2022-23 - Rs. 112.05 crore Subsequent to merger of EEP 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