Exide Industries Ltd. — Capital/Financing Update 2026

Feb 24, 2026

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Ref No: EIL/SEC/2025-26/70

24 [th ] February 2026

Ref No: EIL/SEC/2025-26/704thFebruary2026
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 Obligation and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Reglations") - Further inve tent in WholJv Owned Sub idiarv

This is to inform you that on 24 [th ] February 2026, "Exide Industries Limited" ('Company/Ell') has invested Rs. I 00,00,00,000/- (Rupees Hundred crore 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. 4,352.23 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 ("SEBI Listing Regulations") and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0 155 dated I I th November 2024 is enclosed herewith.

You are requested to kindly take the fact on record.

Thanking you.

For Exide Industries Limited

Digitally signed by JITENDRA JITENDRA KUMAR KUMAR MOHANLAL MOHANLAL Date: 2026.02.24 17:23:40 +05'30'

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

Encl: as above

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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 of SEBI Listing Regulations:

a.b.

Name of the target entity details in brief suchas size, turnover etc.Whether the acquisition would fall withinrelated party transaction(s) and whether thepromoter/ promoter group/goup 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 Solutions Limited (EESL), an existingwholly owned subsidiary of Exide Industries Limited(EIL) was incorporated on 241hMarch 2022 and isengaged in the business of manufacturing & sellinglithium-ion battery cells, modules and packs frIndia's electric vehicle market and stationaryapplications. Some of the relevant details of EESL aregiven below:Paid up equity share capital as on date: Rs.1,391.71 croreNet worth as on 3 I .03.2025: Rs. 2,738.06 croreTurnover as on 3 I .03.2025: Rs. 116.89 croreLoss afer Tax for the year ended 31.03.2025: Rs.209.12 croreAs on date, the total investment by Exide IndustriesLimited in the equity share capital of EESL includingshare premium stands to Rs. 4,352.23 crore includinginvestment made in erstwhile merged subsidiaryExide Energy Private Limited ('EEPL').Yes, since EESL is a wholly owned subsidiary ofEIL.EESL has allotted 2,50,00,000 nos. equity shares ofRs. 10/- each at a premium of Rs. 30/- per shareaggregating to Rs. I 00,00,00,000/- (Rupees Hundredcrore only) on rights basis to EIL.Save & except what is mentioned above, thePromoter/promoter group/goup companies have nointerest in the transaction.The said transaction is at arm's length.

C.

Industry to which the entity being acquiredbelongsManufcturing battery cells of advanced chemistryand frm factor, including but not limited tocylindrical, pouch, prismatic, (the "Battery Cells"), aswell as manufcturing, assembling, selling batterymodules, battery packs and other related activitiesthereto.

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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		s and efects of acquisition (including butEESL is in the process of setting up a green field plantmitedto,disclosureof reasonsfrat Bengaluru fr manufcturing & selling lithium-iontion of target ·entity, if its business isbattery cells, modules and pack business. The equitythe main line of business of the listed investment in EESL on a rights basis is to fnd theabove green feld project and meet its various fundingrequirements.With the current investment,EILshareholdingtnEESL remains unchanged at 100%etails of any governmental or regulatoryNoneals required fr the acquisitionive time period for completion of the The equity shares against the current investment weretionallotted on 24thFebruary 2026 ofconsiderationwhethercashCashration or share swap and details of thef acquisition or the price at which the2,50,00,000 nos. equity shares of Rs. 10/- each at aare acquiredpremium of Rs. 30/- each on rights basis to EILage of shareholding / control acquiredWith the current investment, EILshareholdingIn	s and efects of acquisition (including butEESL is in the process of setting up a green field plantmitedto,disclosureof reasonsfrat Bengaluru fr manufcturing & selling lithium-iontion of target ·entity, if its business isbattery cells, modules and pack business. The equitythe main line of business of the listed investment in EESL on a rights basis is to fnd theabove green feld project and meet its various fundingrequirements.With the current investment,EILshareholdingtnEESL remains unchanged at 100%etails of any governmental or regulatoryNoneals required fr the acquisitionive time period for completion of the The equity shares against the current investment weretionallotted on 24thFebruary 2026 ofconsiderationwhethercashCashration or share swap and details of thef acquisition or the price at which the2,50,00,000 nos. equity shares of Rs. 10/- each at aare acquiredpremium of Rs. 30/- each on rights basis to EILage of shareholding / control acquiredWith the current investment, EILshareholdingIn	s and efects of acquisition (including butEESL is in the process of setting up a green field plantmitedto,disclosureof reasonsfrat Bengaluru fr manufcturing & selling lithium-iontion of target ·entity, if its business isbattery cells, modules and pack business. The equitythe main line of business of the listed investment in EESL on a rights basis is to fnd theabove green feld project and meet its various fundingrequirements.With the current investment,EILshareholdingtnEESL remains unchanged at 100%etails of any governmental or regulatoryNoneals required fr the acquisitionive time period for completion of the The equity shares against the current investment weretionallotted on 24thFebruary 2026 ofconsiderationwhethercashCashration or share swap and details of thef acquisition or the price at which the2,50,00,000 nos. equity shares of Rs. 10/- each at aare acquiredpremium of Rs. 30/- each on rights basis to EILage of shareholding / control acquiredWith the current investment, EILshareholdingIn	s and efects of acquisition (including butEESL is in the process of setting up a green field plantmitedto,disclosureof reasonsfrat Bengaluru fr manufcturing & selling lithium-iontion of target ·entity, if its business isbattery cells, modules and pack business. The equitythe main line of business of the listed investment in EESL on a rights basis is to fnd theabove green feld project and meet its various fundingrequirements.With the current investment,EILshareholdingtnEESL remains unchanged at 100%etails of any governmental or regulatoryNoneals required fr the acquisitionive time period for completion of the The equity shares against the current investment weretionallotted on 24thFebruary 2026 ofconsiderationwhethercashCashration or share swap and details of thef acquisition or the price at which the2,50,00,000 nos. equity shares of Rs. 10/- each at aare acquiredpremium of Rs. 30/- each on rights basis to EILage of shareholding / control acquiredWith the current investment, EILshareholdingIn	s and efects of acquisition (including butEESL is in the process of setting up a green field plantmitedto,disclosureof reasonsfrat Bengaluru fr manufcturing & selling lithium-iontion of target ·entity, if its business isbattery cells, modules and pack business. The equitythe main line of business of the listed investment in EESL on a rights basis is to fnd theabove green feld project and meet its various fundingrequirements.With the current investment,EILshareholdingtnEESL remains unchanged at 100%etails of any governmental or regulatoryNoneals required fr the acquisitionive time period for completion of the The equity shares against the current investment weretionallotted on 24thFebruary 2026 ofconsiderationwhethercashCashration or share swap and details of thef acquisition or the price at which the2,50,00,000 nos. equity shares of Rs. 10/- each at aare acquiredpremium of Rs. 30/- each on rights basis to EILage of shareholding / control acquiredWith the current investment, EILshareholdingIn	s and efects of acquisition (including butEESL is in the process of setting up a green field plantmitedto,disclosureof reasonsfrat Bengaluru fr manufcturing & selling lithium-iontion of target ·entity, if its business isbattery cells, modules and pack business. The equitythe main line of business of the listed investment in EESL on a rights basis is to fnd theabove green feld project and meet its various fundingrequirements.With the current investment,EILshareholdingtnEESL remains unchanged at 100%etails of any governmental or regulatoryNoneals required fr the acquisitionive time period for completion of the The equity shares against the current investment weretionallotted on 24thFebruary 2026 ofconsiderationwhethercashCashration or share swap and details of thef acquisition or the price at which the2,50,00,000 nos. equity shares of Rs. 10/- each at aare acquiredpremium of Rs. 30/- each on rights basis to EILage of shareholding / control acquiredWith the current investment, EILshareholdingIn
d.	Objectnotliacquisioutsideentity)	s and efects of acquisition (including butmitedto,disclosureof reasonsfrtion of target ·entity, if its business isthe main line of business of the listed				EESL is in the process of setting up a green field plantat Bengaluru fr manufcturing & selling lithium-ionbattery cells, modules and pack business. The equityinvestment in EESL on a rights basis is to fnd theabove green feld project and meet its various fundingrequirements.With the current investment,EILshareholdingtnEESL remains unchanged at 100%
e.	Brief dapprov	etails of any governmental or regulatoryNoneals required fr the acquisition
f.g.h.i.	Indicatacquisi	ive time period for completion of thetion ofconsiderationwhethercashration or share swap and details of thef acquisition or the price at which theare acquiredage of shareholding / control acquired				The equity shares against the current investment wereallotted on 24thFebruary 2026Cash2,50,00,000 nos. equity shares of Rs. 10/- each at apremium of Rs. 30/- each on rights basis to EIL
				/ control acquired		With the current investment, EILshareholdingIn
						EESL remains unchanged at 100%EESL was incorporated on 24thMarch 2022
J.
			of products/line of business acquired,corporation, history of last 3 years'ountry in which the acquired entitynce andanyothersignificantn (in brief			business objects of it are explained in point no. c aboTurover fr last 3 years are as underFY 2024-25 - Rs. 116.89 crore*FY 2023-24 - Rs. 239.14 crore*FY 2022-23 - Rs. 112.05 crore**Subsequent to merger of EEPL 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