Exide Industries , a leading battery manufacturer, has announced a significant investment of ₹80 crore in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL). This strategic move is aimed at funding the development of a lithium-ion cell manufacturing plant in Bengaluru, marking a crucial step in the company's expansion into the electric vehicle (EV) and energy storage markets.

Investment Details

The investment was executed through a subscription to EESL's equity share capital on a rights basis. With this infusion, Exide Industries' total investment in EESL has reached ₹3,882.23 crore, underscoring the company's commitment to establishing a strong foothold in the advanced battery technology sector.

Subsidiary Profile

Exide Energy Solutions Limited, incorporated on 24th March 2022, is engaged in the manufacturing and selling of lithium-ion battery cells, modules, and packs. The company aims to cater to India's growing electric vehicle market and stationary applications. Some key financial details of EESL include:

Project Focus

The greenfield plant in Bengaluru is set to manufacture lithium-ion battery cells of advanced chemistry and form factors, including cylindrical, pouch, and prismatic types. This initiative aligns with India's push towards electric mobility and renewable energy storage solutions.

Market Implications

Exide Industries' investment in EESL reflects the growing importance of lithium-ion technology in the Indian market. As the automotive industry shifts towards electrification and renewable energy adoption increases, the demand for advanced battery solutions is expected to rise significantly.

Industry Context

The move comes at a time when the Indian government is actively promoting domestic manufacturing of lithium-ion cells through various initiatives and incentives. Exide's investment in this sector positions the company to capitalize on the anticipated growth in the EV and energy storage markets.

Exide Industries' latest investment in its subsidiary for lithium-ion cell manufacturing demonstrates the company's strategic vision to diversify its product portfolio and align with the evolving energy landscape. As the project progresses, it is expected to contribute significantly to India's self-reliance in advanced battery technology and support the country's clean energy goals.

Exide Industries , a leading manufacturer of storage batteries and power storage solutions, has announced plans to expand its board with the appointment of two new Executive Directors. The company has issued a postal ballot notice seeking shareholder approval for these key appointments, which are aimed at strengthening its leadership team and enhancing operational expertise.

Proposed Appointments

The company is seeking to appoint:

1. Mr. Rajeev Ramesh Chand Khandelwal as Executive Director
2. Mr. Pravin Ramchandra Saraf as Executive Director

Both appointments are proposed for a three-year term, from September 1, 2025, to August 31, 2028, subject to shareholder approval.

Rajeev Ramesh Chand Khandelwal

Mr. Khandelwal, who joined Exide Industries in November 2024 as Senior President & Head-Trade, brings over 30 years of experience in growing brands and building successful businesses. His proposed role includes:

• Responsibility for marketing, sales, and service functions of the company's Trade business
• Strategic oversight and operational execution of trade sales across Mobility, Reserve Power, and Last Mile connectivity verticals

Mr. Khandelwal's proposed remuneration includes:

Pravin Ramchandra Saraf

Mr. Saraf, appointed as Senior President & Head-Operations in October 2024, has 35 years of experience with organizations including Bajaj, Bosch, and Crompton Greaves. His proposed responsibilities encompass:

• Overseeing functions related to Manufacturing, Supply Chain Management, Operational Excellence, Projects, and Research & Development
• Strategic planning, execution, and continuous improvement initiatives

Mr. Saraf's proposed remuneration package includes:

Voting Process

Exide Industries has engaged the services of National Securities Depository Limited (NSDL) to provide remote e-voting facilities for shareholders. The voting period is scheduled as follows:

• Commencement: September 25, 2025, at 9:00 AM IST
• Conclusion: October 24, 2025, at 5:00 PM IST

Results of the postal ballot are expected to be declared by October 25, 2025.

Board Composition

Currently, the Exide Industries Board comprises seven members. The proposed appointments aim to broaden the Board's composition and ensure an optimal balance between Executive and Non-Executive representation.

These strategic appointments reflect Exide Industries' commitment to strengthening its leadership team with experienced professionals who can contribute to the company's growth and operational excellence. Shareholders will play a crucial role in approving these appointments, which could significantly impact the company's future direction and performance in the competitive battery and power storage solutions market.