Exide Industries invests ₹99.99 crore in subsidiary Exide Energy Solutions
- Exide Industries invested ₹99.99 crore in Exide Energy Solutions via rights issue on September 29, 2026
- Total cumulative investment in the wholly owned subsidiary now stands at ₹5,202.23 crore
- Funds are allocated for the greenfield lithium-ion battery plant in Bengaluru
- Subsidiary reported FY26 turnover of ₹157.56 crore and loss after tax of ₹248.16 crore
*this image is generated using AI for illustrative purposes only.
Exide Industries has invested ₹99.99 crore in its wholly owned subsidiary Exide Energy Solutions through a rights issue on September 29, 2026. This latest infusion brings the parent company's total cumulative investment in the subsidiary to ₹5,202.23 crore.
Investment details
The investment was made by subscribing to equity shares of Exide Energy Solutions Limited (EESL) on a rights basis. The transaction involved the allotment of 2,85,71,428 equity shares of ₹10 each at a premium of ₹25 per share. The consideration was paid in cash, and the shareholding percentage of Exide Industries in EESL remains unchanged at 100%.
| Parameter | Details |
|---|---|
| Investment mode | Rights issue |
| Amount invested | ₹99.99 crore |
| Subsidiary | Exide Energy Solutions |
| Total cumulative investment | ₹5,202.23 crore |
| Date of allotment | September 29, 2026 |
The latest infusion adds to Exide Industries' ongoing capital commitment to Exide Energy Solutions, with cumulative funding now standing at ₹5,202.23 crore including investments in the erstwhile merged subsidiary Exide Energy Private Limited.
Purpose and subsidiary profile
The equity investment is intended to meet funding requirements for EESL's greenfield plant in Bengaluru, which will manufacture and sell lithium-ion battery cells, modules, and packs for India's electric vehicle market and stationary applications. EESL was incorporated on March 24, 2022.
Key financial metrics for EESL as disclosed in the filing include:
- Paid up equity share capital: ₹1,618.50 crore
- Net worth (as on March 31, 2026): ₹3,991.06 crore
- Turnover (FY26): ₹157.56 crore
- Loss after tax (FY26): ₹248.16 crore
What the numbers show
The data reveals a significant gap between the subsidiary's capital base and its operational scale. With a net worth of ₹3,991.06 crore and a FY26 turnover of only ₹157.56 crore, EESL is currently in a heavy capital expenditure phase with minimal revenue generation relative to its asset base. The reported loss after tax of ₹248.16 crore in FY26 underscores the costs associated with establishing the lithium-ion battery manufacturing capabilities prior to full commercial output.
Historical Stock Returns for Exide Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.76% | -3.87% | -7.91% | +42.22% | +4.79% | +129.71% |
What is the projected timeline for the Bengaluru greenfield plant to reach full commercial production and begin contributing meaningful revenue?
How does Exide Industries plan to manage the ongoing cash burn at EESL until the subsidiary achieves operational break-even?
What specific government incentives or PLI scheme benefits is Exide targeting to offset the high capital expenditure in lithium-ion battery manufacturing?
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