Exide Industries Ltd. — Capital/Financing Update 2026

Jan 28, 2026

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Ref No: EIL/SEC/2025-26/64

Ref No: EIL/SEC/2025-26/64	Ref No: EIL/SEC/2025-26/64
28thJanuary 2026
The SecretaryThe Calcutta Stock Exchange Limited7 Lyons RangeKolkata - 700 001CSE Scrip Code: 15060 &10015060	The SecretaryBSE LimitedPhiroze Jeejeebhoy Towers, Dalal Street,Mumbai - 400 001BSE Scrip Code: 500086
The SecretaryNational Stock Exchange of India LimitedExchange Plaza, 5th FloorPlot no. C/1, G Block,Bandra-Kurla Complex,Sandra (E), Mumbai - 400 051NSE Symbol: EXIDEIND	-

Dear Sir/Madam,

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015 ("SEBI Listing Regulations") - Further investment in WhoUv Owned Subsidiary

This is to inform you that on 28[th ] January 2026, "Exide Industries Limited" ('Company/EIL') has invested Rs. 50,00,00,000/- (Rupees Fifty 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. 4,252.23 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/0l 55 dated I Ith 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 MOHANLAL MOHANLAL Date: 2026.01.28 16:35:28 +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 of SEBI Listing 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 24thMarch 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.1,366.71 croreNet worth as on 31.03.2025: Rs. 2,738.06 croreTurnover as on 31.03.2025: Rs. 116.89 croreLoss afer Tax fr 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. 4252.23 crore includinginvestment made in erstwhile merged subsidiaryExide 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 1,25,00,000 nos. equity shares ofpromoter/ promoter group/ group companies Rs. I 0/- each at a premium of Rs. 30/- per sharehave any interest in the entity being acquired?aggregating to Rs. 50,00,00,000/- (Rupees Fify croresonly) on rights basis to EIL.If yes, nature of interest and details thereof andwhether the same is done at "arm's length"Save & except what is mentioned 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 Manufcturing battery cells of advanced chemistrybelongsand frm fctor, 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 GIN: L31402WB1947PLC014919

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d.	Objects and effects of acquisition (including butEESL is in the process of setting up a green feld plantnotlimitedto,disclosure ofreasonsfrat Bengaluru fr manufcturing & selling lithium-ionacquisition of target entity, if its business isbattery cells, modules and pack business. The equityoutside the main line of business of the listedinvestment in EESL on a rights basis is to fund theentity)above green feld project and meet its various fundingrequirements.With the current investment,EILshareholdinginEESL remains unchanged at 100%Brief details of any governmental or regulatoryNoneapprovals required for the acquisitionIndicative time period for completion of theThe equity shares against the current investment wereacquisitionallotted on 28thJanuary 2026Natureofconsiderationwhethercash Cashconsideration or share swap and details of thesameCost of acquisition or the price atwhich the1,25,00,000 nos. equity shares of Rs. I 0/- each at ashares are acquiredpremium of Rs. 30/- each on rights basis to EILPercentage of shareholding / control acquiredWith the current investment, EILshareholdingInand / or number of shares acquiredEESL remains unchanged at l 00%Brief background about the entityacquired EESL was incorporated on 24**11' March 2022 and theinterms of products/line of business acquired, business objects of it are explained in point no. c abovedate of incorporation, history of last 3 years'turnover, country in which the acquired entity Turnover for last 3 years are as underhaspresenceandanyothersignifcantFY 2024-25 - Rs. 116.89 croreinformation (in brief)FY 2023-24 - Rs. 239 .14 croreFY 2022-23 - Rs. 112.05 crore**Subsequent to merger of EEPL with EESL	Objects and effects of acquisition (including butEESL is in the process of setting up a green feld plantnotlimitedto,disclosure ofreasonsfrat Bengaluru fr manufcturing & selling lithium-ionacquisition of target entity, if its business isbattery cells, modules and pack business. The equityoutside the main line of business of the listedinvestment in EESL on a rights basis is to fund theentity)above green feld project and meet its various fundingrequirements.With the current investment,EILshareholdinginEESL remains unchanged at 100%Brief details of any governmental or regulatoryNoneapprovals required for the acquisitionIndicative time period for completion of theThe equity shares against the current investment wereacquisitionallotted on 28thJanuary 2026Natureofconsiderationwhethercash Cashconsideration or share swap and details of thesameCost of acquisition or the price atwhich the1,25,00,000 nos. equity shares of Rs. I 0/- each at ashares are acquiredpremium of Rs. 30/- each on rights basis to EILPercentage of shareholding / control acquiredWith the current investment, EILshareholdingInand / or number of shares acquiredEESL remains unchanged at l 00%Brief background about the entityacquired EESL was incorporated on 24**11' March 2022 and theinterms of products/line of business acquired, business objects of it are explained in point no. c abovedate of incorporation, history of last 3 years'turnover, country in which the acquired entity Turnover for last 3 years are as underhaspresenceandanyothersignifcantFY 2024-25 - Rs. 116.89 croreinformation (in brief)FY 2023-24 - Rs. 239 .14 croreFY 2022-23 - Rs. 112.05 crore**Subsequent to merger of EEPL with EESL
e.		NoneThe equity shares against the current investment wereallotted on 28thJanuary 2026
f
g.		Cash1,25,00,000 nos. equity shares of Rs. I 0/- each at apremium of Rs. 30/- each on rights basis to EILWith the current investment, EILshareholdingInEESL remains unchanged at l 00%EESL was incorporated on 24**11' March 2022 and thebusiness objects of it are explained in point no. c aboveTurnover for last 3 years are as underFY 2024-25 - Rs. 116.89 croreFY 2023-24 - Rs. 239 .14 croreFY 2022-23 - Rs. 112.05 crore**Subsequent to merger of EEPL 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