Exide Industries Limited (EIL) has made a significant move to strengthen its position in the electric vehicle (EV) and energy storage markets. The company has invested an additional ₹65 crore in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), bringing its total investment in the subsidiary to ₹3,947.23 crore.

Investment Details

The investment, made on October 28, 2025, was executed through a subscription to EESL's equity share capital on a rights basis. Here's a breakdown of the transaction:

About Exide Energy Solutions Limited

EESL, incorporated on March 24, 2022, is strategically positioned in the electric vehicle and energy storage sectors. The subsidiary focuses on:

• Manufacturing and selling lithium-ion battery cells, modules, and packs
• Targeting India's electric vehicle market
• Developing solutions for stationary applications

Financial Snapshot of EESL

As of March 31, 2025, EESL's financial position stood as follows:

Strategic Implications

This investment underscores Exide Industries' commitment to expanding its footprint in the advanced energy storage solutions market. By bolstering EESL's financial position, Exide aims to enhance its capability to develop and manufacture battery technologies for the growing electric vehicle and renewable energy sectors.

The move aligns with India's push towards electric mobility and sustainable energy solutions, positioning Exide to potentially capitalize on these emerging market opportunities.

Disclosure and Compliance

EIL has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has stated that the transaction was conducted at arm's length, maintaining transparency in its dealings with the wholly-owned subsidiary.

As the electric vehicle and energy storage markets continue to evolve, Exide's investments in EESL may play a role in shaping the company's future in these sectors.

Exide Industries Limited , a leading battery manufacturer, has announced that its shareholders have approved the appointment of two new Whole-time Directors through a postal ballot process. The voting, which concluded on October 24, 2025, saw strong support for both appointments, reflecting shareholder confidence in the company's leadership choices.

Key Appointments

The two appointments approved by shareholders are:

1. Mr. Rajeev Ramesh Chand Khandelwal (DIN: 08763979)
2. Mr. Pravin Ramchandra Saraf (DIN: 10137023)

Both directors have been appointed for a three-year term, from September 1, 2025, to August 31, 2028.

Voting Results

The postal ballot, conducted through remote e-voting, saw participation from 2,796 shareholders out of a total of 12,87,396 shareholders on the record date. The voting results for both resolutions were overwhelmingly positive:

Voting Process

The e-voting period began on September 25, 2025, and concluded on October 24, 2025. Shareholders holding shares as of the cut-off date, September 12, 2025, were eligible to participate in the voting process. The company had dispatched the Postal Ballot Notice electronically on September 24, 2025, to all eligible members.

Scrutinizer's Report

The voting process was overseen by Mr. S. M. Gupta of S.M. Gupta & Co., Company Secretaries, who served as the Scrutinizer. The Scrutinizer's report confirmed that both resolutions were passed with the requisite majority.

Shareholder Participation

The voting saw active participation across different shareholder categories:

• Promoter and Promoter Group: 100% of their holding (390,954,666 shares) voted, all in favor of both resolutions.
• Public Institutions: 86.52% of their holding (216,426,702 shares) participated, with 97.01% voting in favor.
• Public Non-Institutions: 18.14% of their holding (approximately 37.9 million shares) took part, with over 99.93% voting in favor.

This high level of support across all shareholder categories underscores the confidence in the company's decision to appoint these new Whole-time Directors.

The appointment of Mr. Khandelwal and Mr. Saraf as Whole-time Directors for a three-year term signals Exide Industries' commitment to strengthening its leadership team. As the company continues to navigate the evolving energy storage landscape, these appointments may play a crucial role in shaping its future strategies and operations.