Exide Industries Ltd. — Capital/Financing Update 2025

Apr 17, 2025

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

17th 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 u_re Requirements) Regulations, 2015 ("LODR Regulations") - Further investment in Wholl Owned ubsidiarv

With reference to the Board meeting dated 28th January 2025, this is to inform you that on 17th 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 MOHAN LAL Digitally signed by JITENDRA KUMAR 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

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 suchas size, turnover etc.	Exide Energy Solutions Limited (EESL), an existingwholly owned subsidiary of Exide Industries Limited(EIL) was incorporated on 24th March 2022 and isengaged in the business of manufacturing & sellinglithium-ion battery cells, modules and packs forIndia'selectricvehiclemarketandstationaryapplications. Some of the relevant details of EESL aregiven 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 croreTurnover as on 31.03.2024: Rs. 239.14 croreLoss after Tax for the year ended 31.03.2024: Rs.149.45 croreAs on date, the total investment by Exide IndustriesLimited in the equity share capital of EESL includingshare premium stands to Rs. 3,602.23 crore includinginvestment made in erstwhile merged subsidiary
b.	Whether the acquisition would fall withinrelated party transaction(s) and whether thepromoter/ promoter group/ group companieshave any interest in the entity being acquired?If yes, nature of interest and details thereof andwhether the same is done at "arm's length"	Exide Energy Private Limited ('EEPL').Yes, since EESL is a wholly owned subsidiary ofEIL.EESL has allotted 8,33,33,333 nos. equity shares ofRs. I 0/-each at a premium of Rs. 26/-per shareaggregating to Rs. 2,99,99,99,988 /-(Rupees Twohundred Ninety-nine crores ninety-nine lakhs Ninetynine thousand Nine hundred and Eighty-Eight only)on rights basis to EIL.
		Save &except what1smentioned above,thePromoter/promoter group/group companies have nointerest in the transaction.The said transaction is at arm's length.

C.	Industry to which the entity being acquired	Manufacturing battery cells of advanced chemistry
	belongs	including but not limited toandform factor,
		cylindrical, pouch, prismatic, (the "Battery Cells"), as
		well as manufacturing, assembling, selling battery
		modules, battery packs and other related activities
		thereto.
d.	Objects and effects of acquisition (including but	EESL is in the process of setting up a green field plant
	not limitedto, disclosure ofreasons for	at Bengaluru for 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 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, EIL shareholding In
		EESL remains unchanged at I 00%
e.	Brief details of any governmental or regulatory	None
	approvals required for the acquisition
f.	Indicative time period for completion of the	The equity shares against the current investment were
	acquisition	al lotted on I ?1h April 2025
g.	Natureofconsiderationwhethercash	Cash
	consideration or share swap and details of the
	same
h.	Cost of acquisition or the price 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
I.	Percentage of shareholding / control acquired	With the current investment, EIL shareholding m
	and I or number of shares acquired	EESL remains unchanged at I 00%
j.	acquiredBriefbackground about the entity	EESL was incorporated on 24th March 2022 and the
	m terms of products/line of business acquired,	business objects ofit are explained in point no. c above
	date of incorporation, history of last 3 years'
	turnover, country in which the acquired entity	Turnover for last 3 years are as under
	haspresenceandanyothersignificant	FY 2023-24 -Rs. 239.14 crore*
	information (in brief)	FY 2022-23 -Rs. 112.05 crore*
		FY 2021-22 -NIL
		* 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 CIN : L31402WB1947PLC014919