Exide Industries Ltd. — Interim / Quarterly Report 2025

Jan 28, 2025

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& EXIDI

Ref no.: EIL/SEC/2024-25/87

Date: 28[th ] January 2025 The Secretary The Secretary The Calcutta Stock Exchange Limited BSE Limited 7 Lyons Range Phiroze Jeejeebhoy Towers Kolkata - 700 00 I Dalal 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, Bandra (E), Mumbai - 400 05 I NSE Symbol: EXIDEIND

Dear Sir/Madam,

Sub: Outcome of Board meeting held on 28[th ] Januar 2025

The Board of Directors at its meeting held today i.e. Tuesday 28[th ] January 2025, inter alia, has - taken the following decisions

1. Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended 3P[1 ] December 2024

Pursuant to Regulation 33 and all other applicable regulations, if any of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended 31 si December 2024, reviewed by the Audit Committee, have been approved by the Board.

Pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated 31[5t ] December 2024, BSE Circular No. 20250 l 02-4 and NSE Circular No. NSE/CML/2025/02 dated 2[nd ] January 2025, we enclose herewith Integrated Filing (Financial) for the quarter and nine months ended 3 I si December 2024.

The copy of the Press Release being issued in this regard is also enclosed herewith.

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

&EXIDE

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2. Further investment in '"Exide Energy Solutions Limited" ("EESL"), Wholly Owned Subsidiary of the Company

This is with reference to the communications made by the Company to the Exchanges from time to time pertaining to investment in equity share capital of EESL towards setting up a green field multi-gigawatt Lithium-ion cell manufacturing facility in India. In order to meet the funding requirement, the Board has decided to further invest in the equity share capital of EESL upto an amount of Rs. 300 crore, in one or more tranches.

Details as required under Regulation 30 of the SEBI Listing Regulations and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0 155 dated 11th November 2024 with respect to the above decision will be disseminated to the Exchanges as and when actual investment takes place.

3. Change in Senior Management Personnel ("SMP")

Pursuant to Regulation 30 of SEBI Listing Regulations, we hereby inform you that Dr. Dipak Sen Chaudhuri, Technical Advisor to Managing Director & CEO and Mr. Amab Saha, President-Trade, Reserve Power cease to be Senior Management Personnel ("SMP") w.e.f. 28th January 2025.

Requisite details as per SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024 is enclosed as Annexure 1.

The Board meeting commenced at 3:30 PM and concluded at 5.00 PM.

The disclosure 1s also being made available on the Company's website at www.exideindustries.com

This is for your information and record.

Thanking you.

Yours faithfully,

For Exide Industries Limited

JITENDRA KUMAR Digitally signed by JITENDRA KUMAR MOHAN LAL MOHAN LAL Date: 2025.01.28 17:21:50 +05'30'

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

Encl:

• I. Integrated Filing (Financials)

• Press Release

• Annexure I

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

Godrej Waterside, Unit No. 603 6th Floor, Tower 1, Plot No 5, Block - DP Sector V, Salt Lake, Kolkata - 700091 Tel: +91 33 4035 4200 Fax: +91 33 4035 4295

BS R & Co. LLP

Chartered Accountants

Limited Review Report on unaudited standalone financial results of Exide Industries Limited for the quarter ended 31 December 2024 and year to date results for the period from 1 April 2024 to 31 December 2024 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To the Board of Directors of Exide Industries Limited

1. We have reviewed the accompanying Statement of unaudited standalone financial results of Exide Industries Limited (hereinafter referred to as "the Company") for the quarter ended 31 December 2024 and year to date results for the period from 1 April 2024 to 31 December 2024 ("the Statement").

2. This Statement, which is the responsibility of the Company's management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). Our responsibility is to issue a report on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For B S R & Co. LLP Chartered Accountants

Firm's Registration No.:101248W/W-100022

Kolkata

28 January 2025

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Seema Mohnot Partner

Membership No.: 060715 UDIN:25060715BMNVLX3303

Registered Office:

BS R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14. 2013

.14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of 1

EXIDE INDUSTRIES LIMITED

EXIDE HOUSE, 59E,CHOWRINGHEE ROAD, KOLKATA- 700020 CIN: L31402WB1947PLCOl4919

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UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2024

	Particulars	3 Months	3 Months	3 Months	Year to		Year to	Year
		ended	ended	ended	date		date	ended
		31 Dec. 2024	30 Sept. 2024	31 Dec.2023	31 Dec. 2024		31 Dec. 2023	31 Mar,2024
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)		(Unaudited)	(Audited)
		Rs. Crores	Rs. Crores	Rs. Crores	Rs. Crores		Rs. Crores	Rs. Crores
I.	Income
	a. Revenue fom Operations	3,848.63	4,267.30	3,840.53	12,428.69		12,019.80	16,029.19
	b. Other Income	13.15	52.81	22.73	80.11		8111	84.54
	Total Income	3,861.78	4,320.11	3,863.26	12,508.80		12,100.91	16,113.73
2.	Expenses
	a. Cost of materials consumed	2,570.68	3,084.66	2,872.11	8,525.89		8,355.25	11,262.78
	b. Purchases of Stock in Trade	0.33	0.56	1.88	1.99		7.35	7.35
	c. (Increase)/decrease in inventories of Finished Goods,
	Work in Progress and Stock in Trade d. Employee benefts expense	46.79 261.90	(163.88) 267.53	(242.87) 246.73	0.75 794.43		19.71 740.05	(201.78) 982.68
	e. Finance Costs	11.96	10.29	14.46	30 91		35.77	48.59
	f Depreciation and amortisation expenses	124.43	126.99	127.36	377.16		372.63	497.45
	g. Other expenses	520.38	594.83	522.75	1,679.18		1,542.21	2,106.78
	Total expenses	3,536.47	3,920.98	3,542.42	11,410.31		11,072.97	14,703.85
3.	Proft befre Tax fr the period	325.31	399.13	320.84	1,098.49		1,027.94	1,409.88
4.	Tax Expenses - Current	90.81	106.91	89.88	300.41		282.44	386.37
	- Deferred	(I 0.49)	(5.55)	(9.31)	(24.25)		(23.71)	(29.45)
	- Total	80.32	101.36	80.57	276.16		258.73	356.92
5.	Net Proft afer Tax fr the period	244.99	297.77	240.27	822.33		769.21	1,052.96
6.	Other Comprehensive Income
	i. Items that will not be reclassifed toStatement of proft or loss	(884.02)	1,074.23	85.41	(145 04)		1,294.38	1,176.62
	ii.Income tax relating toitems thatwillnot be reclassifed to Statement of proft or loss	126.41	(126.40)	(8.97)	38.82		(147.69)	(132.09)
	Total Other Comprehensive Income	(757.61)	947.83	76.44	(106.22)		1,146.69	1,044.53
7.	Total Comprehensive Income fr the period	(512.62)	1,245.60	316.71	716.11		1,915.90	2,097.49
8.	Paid up Equity Share Capital	85.00	85.00	85.00	85.00		85.00	85.00
	( Face Value Re.1 )
9.	Other Equity							13,052.24
10.	Earnings per Share ( Basic & Diluted )	Rs. 2.88#	Rs. 3.50#	Rs. 2.83#	Rs. 9.67	#	Rs. 9.05#	Rs. 12.39

Not annualised .

Notes:

• I. The Company's business activity falls within single operating segment of "Storage Batteries and Allied Product". Hence, no separate segment information is disclosed.

• Revenue from Operations is net of trade discounts/ trade incentives.

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3. The aforementioned results were reviewed by the Audit Committee and approved by the Board of Directors at their respec ve eetings held on January 28, 2025. The
Limited Review of these standalone financial results, as required under Regulation 33 of the SEBI (Listing Obligations and Di clos e Requirements) Regulations, 2015 has
been completed by the Statutory Auditors of the Company
ByOr
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Mumbai Av1kK
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January 28, 2025. Managi
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Godrej Waterside, Unit No. 603 6th Floor, Tower 1, Plot No 5, Block - DP Sector V, Salt Lake, Kolkata - 700091 Tel: +91 33 4035 4200 Fax:+913340354295

BS R & Co. LLP Chartered Accountants

Limited Review Report on unaudited consolidated financial results of Exide Industries Limited_ for the quarter ended 31 December 2024 and year to date results for the period from 1 April 2024 to 31 December 2024 pursuant to Regulation 33 of Securities and Exchange Board of India {Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To the Board of Directors of Exide Industries Limited

1. We have reviewed the accompanying Statement of unaudited consolidated financial results of Exide Industries Limited (hereinafter referred to as "the Parent"), and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") and its share of the net profit after tax and total comprehensive income of its associates for the quarter ended 31 December 2024 and year to date results for the period from 1 April 2024 to 31 December 2024 ("the Statement"), being submitted by the Parent pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").

2. This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.

1. The Statement includes the results of the following entities:

Parent

a. Exide Industries Limited

Subsidiaries

a. Chloride International Limited

• b. Chloride Metals Limited

• c. Exide Energy Solutions Limited

• d. Chloride Batteries S.E. Asia Pte Limited

• e. Espex Batteries Limited

• f. Associated Battery Manufacturers (Ceylon) Limited

Associates

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• a. CSE Solar Sunpark Maharashtra Private Limited

• b. CSE Solar Sunpark Tamilnadu Private Limited

Registered Office:

14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063

BS R & Co. (a partnership firm with Registration No. BA61223) converted into BS R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013

Page 1 of 2

8 SR & Co. LLP

Exide Industries Limited Limited Review Report (Continued)

c. Zillica ReneWables Private Limited

1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review report of the other auditor referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

2. We did not review the interim financial information of one Subsidiary included in the Statement, whose interim financial information reflects total revenues (before consolidation adjustments) of Rs.1,470.66 crores and Rs. 4,159.11 crores, total net loss after tax (before consolidation adjustments) of Rs.33.52 crores and Rs. 66.35 crores and total comprehensive loss (before consolidation adjustments) of Rs. 33.46 crores and Rs 66.18 crores , for the quarter ended 31 December 2024 and for the period from 1 April 2024 to 31 December 2024 respectively, as considered in the Statement. This interim financial information has been reviewed by other auditor whose report has been furnished to us by the Parent's management and our conclusion on the' Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary, is based solely on the report of the other auditor and the procedures performed by us as stated in paragraph 3 above.

Our conclusion is not modified in respect of this matter.

1. The Statement includes the interim financial information of four Subsidiaries which have not been reviewed, whose interim financial information reflects total revenues (before consolidation adjustments) of Rs. 112.54 crores and Rs. 346.64 crores, total net profit after tax (before consolidation adjustments) of Rs. 2.94 crores and Rs. 14.14 crores and total comprehensive income (before consolidation adjustments) of Rs. 2.94 crores and Rs 14.14 crores, for the quarter ended 31 December 2024 and for the period from 1 April 2024 to 31 December 2024 respectively, as considered in the Statement. The Statement also includes the Group's share of net profiU(loss) after tax of Rs. 0.10 crores and Rs. (0.05) crores and total comprehensive profiU(loss) of Rs. 0.1 O crores and Rs. (0.05) crores, for the quarter ended 31 December 2024 and for the period from 1 April 2024 to 31 December 2024 respectively as considered in the Statement, in respect of three associates, based on their interim financial information which have not been reviewed. According to the information and explanations given to us by the Parent's management, these interim financial information are not material to the Group.

Our conclusion is not modified in respect of this matter.

For B S R & Co. LLP Chartered Accountants Firm's Registration No.:101248W/W-100022

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�[(\'\ok.ol-]

Seema Mohnot

Partner

Kolkata

28 January 2025

Membership No.: 060715 UDIN:25060715BMNVLY5931

Page 2 of 2

EXIDE INDUSTRIES LlMITED

EXIDE HOUSE, S9E,CHOWRINGHEE ROAD, KOLKATA- 700020 CIN: L31402WB1947P LC014919

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UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 DECEMBER 2024

		Particulars	3 Months	3 Months	3 Months		Year to	Year to		Year
			ended	ended	ended		date	date		ended
			31 Dec. 2024	30 Sept. 2024	31 Dec.2023		31 Dec. 2024	31 Dec. 2023		31 Mar,2024
			(Unaudited)	(Unaudited)	(Unaudited)		(Unaudited)	(Unaudited)		(Audited)
			Rs. Crores	Rs. Crores	Rs. Crores		Rs. Crores	Rs. Crores		Rs. Crores
1.	lncome
	a. Revenue fom operations		4,016.72	4,450.00	3,979.83		12,902.43	12,596.83		16,769.73
	b. Other income		12.69	40.25	25.20		69.27	84.89		89.95
	Total income		4,029.41	4,490.25	4,005.03		12,971.70	12,681.72		16,859.68
2.	Expenses
	a. Cost of materials consumed		2,650.12	3,123.75	2,978.79		8,661.91	8,525.47		11,481.61
	b. Purchases of Stock in trade		10.30	79.98	14.69		100.11	175.89		216.31
	c.(Increase)/decrease in inventories of fnished goods, work in progess and stock in trade d. Employee benefts expense		18.71 323.49	(229.62) 329.96	(323.93) 293.77		(100.81) 974.61	(55.47) 868.85		(300.33) 1,166.63
	e. Finance costs		54.36	34.02	31.65		I 18.17	85.24		116.00
	f Depreciation and an1ortisation expenses		145.03	145.91	144.70		434.70	418.59		560.42
	g. Other expenses		589.48	673.63	584.63		1,896.52	1,712.97		2,388.42
	Total expenses		3,791.49	4,157.63	3,724.30		12,085.21	11,731.54		15,629.06
3.	Proft before share of profit/(loss) of Equity Accounted Investees and		237.92	332.62	280.73		886.49	950.18		1,230.62
	Tax
	Share of Proft/(Loss) ofEquity Accounted Investees (Net of tax)		0.10	(0.25)	(0.09)		(0.05)	0.37		0.55
4.	Proft befre tax fr the period		238.02	332.37	280.64		886.44	950.55		1,231.17
5.	Tax expenses - Current		92.37	109.47	92.65		305.00	287.62		393.98
	- Defrred		(12.79)	(10.50)	(14.70)		(31.15)	(34.19)		(45.63)
	- Total		79.58	98.97	77.95		273.85	253.43		348.35
6.	Net Proft afer tax fr theperiod		158.44	233.40	202.69		612.59	697.12		882.82
7.	Other comprehensive income
	i. Items that will not be reclassifed to Statement of proft or loss		(883.99)	1,074.3 I	85.39		(144.97)	1,294.32		1,176.41
	ii. Income tax relating to items that will not be reclassifed to Statement of proft or loss		126.39	(126.44)	(8.97)		38.76	(147.68)		(I 32.05)
	iii. Items that will be reclassifed	to statement of proft or loss	(2.47)	6.91	2.67		3.71	2.07		3.02
	Total other comprehensive income		(760.07)	954.78	79.09		(102.50)	1,148.71		1,047.38
8.	Total Comprehensive Income		(601.63)	1,188.18	281.78		510.09	1,845.83		1,930.20
9.	Paid up equity share capital		85.00	85.00	85.00		85.00	85.00		85.00
	( Face value Re. I )
IO.	Other equity									12,801.34
II.	Earings per Share (Basic and Diluted)		Rs. 1.84#	Rs. 2.72#	Rs. 2.36	#	Rs. 7.15#	Rs. 8.14	#	Rs. 10.31
#	Notannuahsed
A.	Proft/ (loss) fr the period attributable to:
	Owners of the Company		156.81	231.28	200.23		608.15	691.94		876.68
	Non-contolling interests		1.63	2.12	2.46		4.44	5.18		6.14
B.	Other comprehensive income/ (loss) fr the period attributable to:
	Owners of the Company		(760.07)	954.78	79.09		(102.50)	1,148.71		1,047.38
	Non-contolling interests		-		-		-
C.	Total comprehensive income/ (loss) fr the period attributable to:
	Owners of the Company Non-contolling interests		(603.26) 1.63	I 186.06 2.12	279.32 2.46		505.65 4.44	1,840.65 5.18		1,924.06 6.14

Notes:

l. Revenue from operations is net of trade discounts / trade incentives.

1. The Group's business activity falls within single operating segment of "Storage Batteries and Allied Product". Hence, no separate segment information is disclosed.

2. The aforementioned results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on January 28, 2025. Th Lim" ed Review of these consolidated financial results, as requrred under Regulation 33 of the SEBI (L1sttng Obhgauons and Disclosure Reqmrements) Regulallons, 20 as been comp! te Auditors

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as been comp! te
By order of the Board
\�
� ...
Avik Kumar Roy
Managing Director & C�-xecutive Officer
DIN : 08456036 -------
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Mumbai

January 28, 2025.

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GEXIDE

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• Statement on deviation or variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. - Not Applicable

• A.

• Format for disclosing outstanding default on loans and debt securities - Not Applicable

• C. Format for disclosure of related party transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter) - Not Applicable for this quarter

• D. Statement on impact of audit qualifications (for audit report with modified opinion) submitted along with annual audited financial results (standalone and consolidated separately) (applicable only for annual filing i.e., 4th quarter) - Not Applicable for this quarter

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

January 28, 2025

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&IXIDI

Press Release

For the first nine months of the current financial year, Profit Before Tax has grown by 7%

year-on-year

Standalone financial performance highlights

Pariculars Revenue from operations	Pariculars Revenue from operations		Units		Q3F25 Q3F24 3,849 3,841 449 440 325 321	Q3F25 Q3F24 3,849 3,841 449 440 325 321	Q3F25 Q3F24 3,849 3,841 449 440 325 321	9MF25	9MF24
			Rs.Crore					12,429 1,426	12,020 1,355
EBITDA			Rs.Crore
PBT PAT			Rs. Crore Rs.Crore					1,098	1,028 769 9.05
					245 240			822
EPS			Rs.		2.88	2.83		9.67

Key financial highlights

• In Q3FY25, standalone revenues stood at Rs.3,849 crore compared to Rs.3,841 crore in Q3FY24.

• During the quarter, EBITDA expanded by 20 bps y-o-y to 11.7%, up from 11.5% in the same quarter of the previous year. On a sequential basis, EBITDA Margin expanded by 40 bps, up from 11.3% in Q2 FY25.

• In the first nine months of the financial year, operating profitability has remained steady, with EBITDA margin of 11.5% vis-a-vis 11.3% in the same period last year.

Key business highlights for the quarter ended December 31, 2024

• Registered double-digit growth in both the 2W and 4W replacement segments driven by a robust demand in the Automotive Aftermarket.

• Similarly, Solar posted double-digit growth in revenues on the back of Government incentives and various solarization programs.

• However, demand from Automotive OEMs has remained muted leading to dip in performance in Auto OEM.

• , lnrtuc;tri;1I lnfrn J1Prfnrm;1nr:P rpm;1inPrl c;11hrl11Prl ;1c; thP m;1rkPt ic; enine thrn11eh ;i slowdown due to lower government spending on infrastructure. Private Capex outlay has also remained muted in Q3.

• Automotive Exports continued to register a robust growth, driven by the success of our Export- focussed strategies around Product Portfolio and Go-to-Market.

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

&EXIDE

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Other key updates

• During the quarter, Exide has invested nearly Rs.400.0 crore as equity in the wholly owned subsidiary, Exide Energy Solutions Limited (EESL). Additionally, around Rs.150 crore has been invested in January 2025. With this, the total equity investment made in EESL till date, stands at Rs. 3,302.23 crore (including investment made in erstwhile merged subsidiary EEPL).

• At EESL's site, construction works for the various factory buildings and equipment installation at production lines is going on. Additionally, structured efforts are being taken to onboard customers across key end consumer markets.

Below are the few pictures of the lithium-ion cell manufacturing project site:

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Commenting on the performance - Mr. Avik Roy, MD & CEO, said:

'Our operating profitability remains steady with EB/TOA and PBT margins of 11. 7% and 8.5%, respectively, in the current quarter, benefitting from relatively stable commodity prices and focus on cost excellence. Although overall sales remained flattish in the quarter, attributable to a slowdown in govt. capex and other macroeconomic factors, we observed promising growth in the auto replacement and auto exports market segments.

Near-term outlook is positive, with replacement markets remaining buoyant and expectation of rebound of govt. & private capex, which has the potential to drive up industrial demand. Commodity prices are expected to remain broadly stable. Our diversified product portfolio along with unparallel brand recall, should enable us to capture growth across sectors in which we operate and deliver a strong performance going forward.

In our lithium-ion cell manufacturing project, construction work is going on in full swing and the team is working relentlessly to ensure project completion. We intend to commercialise operations in FY26.'

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

&EXIDE

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About Exide Industries Limited

For more than seven decades, Exide has been one of India's most reliable battery brands, enjoying unrivalled reputation and recall. Exide designs, manufactures, markets, and sells the widest range of lead acid storage batteries in the world from 2.SAh to 20,200Ah capacity, to cover the broadest spectrum of applications. The batteries are manufactured for Automotive, Power, Telecom, Infrastructure projects, UPS systems as well as for Railways, Mining, and Defence sectors. The company enjoys leadership position in India and its exports span 63 countries across six continents.

In the financial year 2021-22, Exide also set up a wholly owned subsidiary, Exide Energy Solutions Limited, under which it is setting up a plant for lithium-ion cell manufacturing along with modules and packs to cater to India's EV market as well as stationary applications. The company is setting up a 12 GWh green-field cell manufacturing plant in two phases of 6 GWh each. Presently EESL is engaged in the production, assembly and sale of lithium-ion battery modules and packs, through its operating plant based out of Prantij Gujarat.

For more information on the Company, please log on to www.exideindustries.com

Disclaimer

In this document, we have disclosed Jorward looking statements' within the meaning of applicable laws and regulations. Actual results might differ substantially from those expressed or implied. Important developments that could affect the Company's operations include changes in industry structure, significant changes in political and economic environment in India and overseas, tax laws, import duties, litigation and labour relations.

For any further queries/clarifications please contact us at:

Exide Industries Limited Chhavi Agarwal Exide House Head - Investor Relations & Sustainability 59 E, Chowringhee Road Exide Industries Limited Kolkata - 700 020 Email-id chhavi.ag�rwal@exide.co.in Phone - +91 33 2302 3400 Website -www.exideindustries.com Email Id -investor.relations@exide.co.in Website -www.exideindustries.com

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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&EXIDE

Annexure I

Disclosure under sub-para (7) of Para A of Part A of Sch·edule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Sr. No.		Particulars	Dr. Dipak Sen Chaudhuri	Dr. Dipak Sen Chaudhuri		Mr. Arnab Saha Re-constitution of Executive Committee due to change in interal organisational structure
1.		Reason fr change	Re-constitution of Executive Committee due to change in internal organisational structure
2.		Date of cessation	28th	January 2025		28thJanuary 2025
- ..		Brief profle (in case of appointment) Disclosure of relationships between directors (in case of appointment of a director).		N.A		N.A.
4.				N.A.		N.A.

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