Exide Industries Ltd. — Capital/Financing Update 2025

Dec 23, 2025

Ref No: EIL/SEC/2025-26/58

23rd December 2025

The Secretary	The Secretary
The Calcutta Stock Exchange Limited	BSE Limited
7 Lyons Range	Phiroze Jeejeebhoy Towers, Dalal
Kolkata -700 001	Street, 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:

• 1. Update on cha11ge in Ke MaaageriaJ Personnel (KMP) in the material wbollv owned ubsidiarv companv, E ide Energy Solutions Limited ("EESL"); and
• 2. Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") on further eguitv investment in EESL

This is to inform you that:

I. Mr. Mandar V Deo, Managing Director & Chief Executive Officer ('·MD & CEO") of Exide Energy Solutions Limited (EESL), a material wholly owned subsidiary of Exide Industries Limited (EIL), has resigned on 22nd December 2025. The Nomination & Remuneration Committee (NRC) and the Board of the Directors (BOD) of "'Exide Industries Limited'' took note of the resignation and recommended to appoint Mr. Pravin Ramchandra Saraf (DIN: 10137023), Executive Director of EIL as Managing Director (MD) & CEO of EESL.

The Board of the Directors of EESL on 22nd December 2025, accepted the resignation of Mr. Mandar Deo and have approved the appointment of Mr. Pravin Ramchandra Saraf, Executive Director, EIL and non-executive Director - EESL, as MD & CEO of EESL with immediate effect.

1. On 23rd December 2025, Ell has invested Rs. I ,80,00,00,000/- (Rupees One hundred and eighty crore only) by way of subscription in the equity share capital of its wholly owned subsidiary, EESL on rights basis. With this investment, the total investment made by the Company in EESL stands to Rs. 4,202.23 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 Ill of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") and SEBI Master Circular No. SEBI/HO/CFD/PoO2/CIR/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 KUMAR MOHANLAL Digitally signed by JITENDRA KUMAR MOHANLAL Date: 2025.12.23 10:50:46 +05'30'

Jitendra Kumar Company Secretary & President (Legal & Corporate Affairs) ACS No.11159

Encl: as above

Annexure-1

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

a.	Name of the target entity details in briefsuch as size, turnover etc.	Exide Energy Solutions Limited (EESL), anexisting whollyownedsubsidiaryofExide
		Industries Limited (EIL) was incorporated on 24th
		March 2022 and is engaged in the business of
		manufacturing & selling lithium-ion battery cells,modules and packs for 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.
		1,354.21 crore
		Net worth as on 31.03.2025: Rs. 2,738.06
		crore
		Turnover as on 31.03.2025: Rs. 116.89 croreLoss after Tax for the year ended 3 I .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.
		4202.23 crore including investment made m
		erstwhilemergedsubsidiaryExideEnergyPrivate Limited ('EEPL').
b.	Whether the acquisition would fall within	Yes, since EESL is a wholly owned subsidiary of
	related party transaction(s) and whether the	EIL. EESL has allotted 4,50,00,000 nos. equity
	promoter/promotergroup/group	shares of Rs. I 0/-each at a premium of Rs. 30/­
	companies have any interest in the entity	per share aggregating to Rs. I ,80,00,00,000/­
	being acquired?	(Rupees One hundred and eighty crores only) on
		rights basis to EIL.
	If yes, nature of interest and details thereof
	and whether the same is done at ·'arm's	Save & except what is mentioned above, the
	length"	Promoter/promoter group/group companies haveno 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

C.	Industry to which the entity being acquired	Manufacturingbatterycellsofadvanced
	belongs	chemistry and form factor, including but not
		limited to cylindrical, pouch, prismatic, (the
		"BatteryCells"),as well as manufacturing,
		assembling,selling battery modules, battery
		packs and other related activities thereto.
d.	Objectsandeffectsofacquisition	EESL is in the process of setting up a green field
	(including but not limited to, disclosure of	plant at Bengaluru for manufacturing & selling
	reasons for acquisition of target entity, if its	lithium-ionbattery cells, modules and pack
	business is outside the main line of business	business. The equity investment in EESL on a
	of the listed entity)	rights basis is to fund the above green field project
		and meet its various funding requirements.
		With the current investment, EIL shareholding in
		EESL remains unchanged at I 00%
e.	Brief detai Is of any governmental or	None
	regulatory approvals required for the
	acquisition
f.	Indicative time period for completion of the	The equity shares against the current investment
	acquisition	were allotted on 23rd December 2025
g.	Natureofconsiderationwhethercash	Cash
	consideration or share swap and details of
	the same
h.	Cost of acquisition or the price at which the	4,50,00,000 nos. equity shares of Rs. I 0/-each at
	shares are acquired	a premium of Rs. 30/-each on rights basis to Ell
i.	Percentageofshareholding/control	With the current investment, EIL shareholding in
	acquired and/ or number of shares acquired	EESL remains unchanged at I 00%
J	Briefbackgroundabouttheentity	EESL was incorporated on 24th March 2022 and
	acquiredinterms of products/line of	the business objects ofit are explained in point no.
	business acquired, date of incorporation,	c above
	history of last 3 years' turnover, country in
	which the acquired entity has presence and	Turnover for last 3 years are as under
	any other significant information (in brief)	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