Exide Industries Ltd. — Capital/Financing Update 2025

Apr 17, 2025

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Ref No: EIL/SEC/2025-26/06

17[th ] April 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 - 400 001 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: Disclo ure under Regulation 30 of SEBl (Listing Obligations and Disclo ure Requirements) Regulations, 2015 ("LODR Regulations") - Further investment in Wholl Owned ubsidiarv

With reference to the Board meeting dated 28[th ] January 2025, this is to inform you that on 17[th ] April 2025, "Exide Industries Limited" ('Company/Ell') has invested Rs. 2,99,99,99,988/- (Rupees Two hundred Ninety-nine 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. 3,602.23 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 11th 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 MOHAN LAL MOHAN LAL Date: 2025.04.17 16:14:42 +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 ofLODR 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 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.
		1,204.21 crore
		Net worth as on 31.03.2024: Rs. I, 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. 3,602.23 crore including
		investment made in erstwhile merged subsidiary
		Exide EnergyPrivate Limited('EEPL').
b.	Whether the acquisition would fll within	Yes, since EESL is a wholly owned subsidiary ofEIL.
	related party transaction(s) and whether the	EESL has allotted 8,33,33,333 nos. equity shares of
	promoter/ promoter group/ group companies	Rs. I 0/- each at a premium of Rs. 26/- per share
	have any interest in the entity being acquired?	aggregating to Rs. 2,99,99,99,988 /- (Rupees Two
		hundred Ninety-nine crores ninety-nine lakhs Ninety­
	If yes, nature of interest and details thereof and	nine thousand Nine hundred and Eighty-Eight only)
	whether the same is done at "arm's length"	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.

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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C. d.	Industryto which theentitybeing acquiredManufacturing battery cells of advanced chemistry belongs andfrmfctor,includingbutnotlimitedto cylindrical, pouch, prismatic, (the "Battery Cells"), as well as manufcturing,assembling, selling battery modules, battery packs and other related activities thereto.
	Objects and efects of acquisition (including butEESL is in the process of setting up a green feld plant notlimitedto,disclosureof reasonsfr at Bengaluru for 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 listedinvestment in EESL on a rights basis is to fnd the entity) above green feld project and meet its various fnding requirements. With the currentinvestment,EILshareholdingIn EESL remains unchanged at I 00%
e. f g.	Brief details of any governmental or regulatory None approvals required fr the acquisition Indicative timeperiod for completion of the The equity shares against the current investment were acquisition al lotted on I ?1hApril 2025 Nature of consideration whether cashCash consideration or share swap and details of the same Cost of acquisition or theprice at which the 8,33,33,333 nos. equity shares of Rs. I 0/- each at a shares are acquired premium of Rs. 26/- on rights basis to EIL Percentage of shareholding / controlacquired With the current investment, EILshareholdingm and_I_or number of shares acquired EESL remains unchanged at I 00% Briefbackground about the entityacquiredEESL 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 entityTurover for last 3 years are as under has presenceand anyothersignifcant FY 2023-24 - Rs. 239.14 crore infrmation (in brief) FY 2022-23 - Rs. 112.05 crore FY 2021-22 - NIL *Subsequent to merger of EEP L with EESL
h.
I.
j.

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