Exide Industries Limited (EIL) has made an additional investment of ₹99,99,99,980 (Rupees ninety-nine crore ninety-nine lakh ninety-nine thousand nine hundred and eighty only) in its wholly-owned subsidiary Exide Energy Solutions Limited (EESL) on 15th July 2026. This investment was made by way of subscription to equity share capital on a rights basis.
Investment Details
- Investment Amount: ₹99.99 crore
- Investment Date: 15th July 2026
- Investment Method: Subscription to equity shares on rights basis
- Share Details: 2,85,71,428 equity shares of ₹10 each at a premium of ₹25 per share
- Total Investment to Date: ₹4,902.23 crore (including investment in erstwhile merged subsidiary Exide Energy Private Limited)
- Ownership Impact: No change in shareholding percentage - remains at 100%
Subsidiary Financials (EESL as of 31.03.2026)
- Paid-up Equity Share Capital: ₹1,532.78 crore
- Net Worth: ₹3,991.06 crore
- Turnover: ₹157.56 crore
- Loss After Tax: ₹248.16 crore
Historical Turnover of EESL
- FY 2025-26: ₹157.56 crore
- FY 2024-25: ₹116.89 crore (subsequent to merger of EEPL with EESL)
- FY 2023-24: ₹239.14 crore (subsequent to merger of EEPL with EESL)
Business Context
EESL was incorporated on 24th March 2022 and is engaged in manufacturing battery cells of advanced chemistry and form factor (including cylindrical, pouch, prismatic), as well as manufacturing, assembling, and selling battery modules, battery packs and related activities. The company is currently setting up a green field plant at Bengaluru for lithium-ion battery manufacturing.
Transaction Details
- Nature of Transaction: Related party transaction (wholly-owned subsidiary)
- Arm's Length: Confirmed as arm's length transaction
- Consideration: Cash
- Government Approvals: None required
- Completion Date: Equity shares were allotted on 15th July 2026
Background
The Board of Directors of Exide Industries Limited had previously approved this investment of up to ₹1,400 crore in its meeting held on 30th January 2026, to be made in one or more tranches, for setting up a green field multi-gigawatt lithium-ion cell manufacturing facility in India.