Exide Industries Ltd. — Capital/Financing Update 2026

Mar 25, 2026

Ref No: EIL/SEC/2025-26/73

25th March 2026
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. Cl I, G Block,
Bandra-Kurla Complex,
Bandra (E), Mumbai -400 051
NSE Symbol: EXIDEIND

Dear Sir/Madam,

Sub: Disclosure under Regulation 30 or SEBI (Li ting Obligation and Disclosure Requirements) Regulations, 2015 ("SEBI Li ting Regulation ") - Further in e tment in Wholly Owned ubsidiarv

This is to inform you that on 25th March 2026, "Exide Industries Limited" ('Company/EIL') has invested Rs. 450,00,00,000/- (Rupees Four Hundred 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. 4,802.23 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 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: 2026.03.25 15:44:07 +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 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 24th March 2022 and isengaged in the business of manufacturing & sellinglithium-ion battery cells, modules and packs forIndia'selectricvehiclemarketandstationaryapplications. Some of the relevant details ofEESL aregiven below:
		Paid up equity share capital as on date: Rs.1504.21 croreNet worth as on 31.03.2025: Rs. 2,738.06 croreTurnover as on 31.03.2025: Rs. 116.89 croreLoss after Tax for the year ended 31.03.2025: Rs.209. 12 crore
		As on date, the total investment by Exide IndustriesLimited in the equity share capital of EESL includingshare premium stands to Rs. 4,802.23 crore includinginvestment made in erstwhile merged subsidiaryExide Energy Private Limited ('EEPL').
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"	Yes, since EESL is a wholly owned subsidiary of EIL.EESL has allotted 11,25,00,000 nos. equity shares ofRs. 10/-each at a premium of Rs. 30/-per shareaggregating to Rs. 450,00,00,000/-(Rupees FourHundred Fifty crores only) on rights basis to EIL.Save &except what 1smentioned 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 acquiredbelongs	Manufacturing battery cells of advanced chemistryandform factor, including but not limited tocylindrical, pouch, prismatic, (the "Battery Cells"), aswell as manufacturing, 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

d.	Objects and effects of acquisition (including butnot limited to,disclosureofreasonsforacquisition of target entity, if its business isoutside the main line of business of the listedentity)	EESl is in the process of setting up a green field plantat Bengaluru for manufacturing & selling lithium-ionbattery cells, modules and pack business. The equityinvestment in EESl on a rights basis is to fund theabove green field project and meet its various fundingreq ui rem en ts.With the current investment, Ell shareholding InEESL remains unchanged at I 00%
e.	Brief details of any governmental or regulatoryapprovals required for the acquisition	None
f.	Indicative time period for completion of theacquisition	The equity shares against the current investment wereallotted on 25th March 2026
g.	Natureofconsiderationwhethercashconsideration or share swap and details of thesame	Cash
h.	Cost of acquisition or the price at which theshares are acquired	I 1,25,00,000 nos. equity shares of Rs. I 0/-each at apremium of Rs. 30/-each on rights basis to Ell
I.	Percentage of shareholding / control acquiredand/ or number of shares acquired	With the current investment, Ell shareholding InEESl remains unchanged at l 00%
j.	Briefbackground about the entityacquiredterms of products/line of business acquired,Indate of incorporation, history of last 3 years'turnover, country in which the acquired entityhaspresenceandanyothersignificantinformation (in brief)	EESl was incorporated on 24th March 2022 and thebusiness objects ofit are explained in point no. c aboveTurnover for last 3 years are as underFY 2024-25 -Rs. I 16.89 crore*FY 2023-24 -Rs. 239.14 crore*FY 2022-23 -Rs. 112.05 crore**Subsequent to merger of EEPL with EESL