Key Quantitative Figures

  • Investment amount: ₹1,49,99,99,970 (Rupees One Hundred Forty-Nine Crore Ninety-Nine Lakh Ninety-Nine Thousand Nine Hundred Seventy Only)
  • Total investment in EESL to date: ₹5,352.23 crore
  • Number of shares acquired: 4,28,57,142 equity shares of ₹10 each at a premium of ₹25 each
  • EESL's paid-up equity share capital as on date: ₹1,661.36 crore
  • EESL's net worth as on March 31, 2026: ₹3,991.06 crore
  • EESL's turnover for FY 2025-26: ₹157.56 crore
  • EESL's loss after tax for FY 2025-26: ₹248.16 crore

Dates of Action

  • Investment date: October 27, 2026
  • EESL incorporation date: March 24, 2022
  • Reference to previous disclosure: September 29, 2026

Parties Involved

  • Exide Industries Limited (the "Company") - investing entity
  • Exide Energy Solutions Limited ("EESL") - target subsidiary (wholly owned)
  • Erstwhile merged subsidiary: Exide Energy Private Limited ("EEPL")

Purpose and Rationale

The equity investment in EESL on a rights basis is intended to meet its various funding requirements for the greenfield plant in Bengaluru for the manufacture and sale of lithium-ion battery cells, modules and packs.

Financial and Operational Impact

  • No change in shareholding percentage: Company maintains 100% ownership in EESL
  • The transaction is classified as a related party transaction
  • The transaction was executed at arm's length
  • No governmental or regulatory approvals were required for the acquisition

Business Background of EESL

EESL is engaged in the business of manufacturing and selling lithium-ion battery cells, modules and packs for India's electric vehicle market and stationary applications. The company manufactures battery cells of advanced chemistry and form factor, including cylindrical, pouch, and prismatic cells, as well as manufacturing, assembling, and selling battery modules and packs.

Turnover for last 3 years:

  • 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)

Capital Structure Impact

The investment was made through subscription to equity shares on rights basis, maintaining the Company's 100% ownership stake in EESL.

#Tags: #ExideIndustries #EESL #SEBIRegulation30 #SubsidiaryInvestment #LithiumIonBattery