Exide Industries Limited has invested an additional Rs. 50 crore in its wholly owned subsidiary Exide Energy Solutions Limited (EESL) through a rights issue completed on January 28, 2026. The investment was made by subscribing to 1.25 crore equity shares of Rs. 10 each at a premium of Rs. 30 per share, maintaining the parent company's 100% shareholding in the subsidiary.

Investment Details

The latest investment brings Exide Industries' total investment in EESL to Rs. 4,252.23 crore, including investments made in the erstwhile merged subsidiary Exide Energy Private Limited. The transaction was conducted on an arm's length basis as a related party transaction.

About Exide Energy Solutions Limited

EESL was incorporated on March 24, 2022, and operates in the manufacturing and selling of lithium-ion battery cells, modules and packs for India's electric vehicle market and stationary applications. The subsidiary focuses on manufacturing battery cells of advanced chemistry and form factors, including cylindrical, pouch, and prismatic batteries, along with battery modules and packs.

Business Operations and Expansion

EESL is currently establishing a greenfield manufacturing plant in Bengaluru for producing lithium-ion battery cells, modules and packs. The fresh equity investment will fund this expansion project and meet various operational funding requirements of the subsidiary.

Historical Performance

The subsidiary's turnover performance over the last three years shows:

Note: Figures are subsequent to the merger of Exide Energy Private Limited with EESL

Regulatory Compliance

The investment was disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No governmental or regulatory approvals were required for this transaction, and the equity shares were allotted on the same date as the investment.

Exide Industries Limited has announced the appointment of Mr. Indranil Chatterjee as Senior Management Personnel (SMP) effective January 12, 2026. The appointment was communicated to stock exchanges including BSE, NSE, and Calcutta Stock Exchange in compliance with Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations 2015.

Appointment Details

Mr. Chatterjee has been designated as Executive Vice President and Head Operations in his role as Senior Management Personnel. The appointment is on a full-time employment basis, marking a significant addition to the company's senior leadership team.

Professional Background and Qualifications

Mr. Indranil Chatterjee brings over three decades of extensive experience in manufacturing excellence, operational leadership, project management, and business transformation. His expertise spans across diverse sectors including FMCG, industrial ceramics, and automobiles, with core competencies in large-scale operations, capacity expansion, process optimization, and cost leadership.

Educational Credentials

• Bachelor's degree in Production Engineering from Jadavpur University, Kolkata
• Advanced Management Diploma from Wharton School, University of Pennsylvania, USA

Career Journey at Exide Industries

Chatterjee's association with Exide Industries began in 2014 when he joined as Head of the Two-Wheeler Battery Manufacturing Facility in Haryana. His career progression within the organization includes:

• 2014: Head of Two-Wheeler Battery Manufacturing Facility, Haryana
• Subsequently: Led Shyamnagar manufacturing unit in West Bengal
• Later: Chief Manufacturing – Industrial with responsibility for three major manufacturing locations at Haldia, Shyamnagar, and Hosur (Tamil Nadu)
• Prior to current role: Managing Director & CEO of Chloride Metals Limited

Leadership at Chloride Metals Limited

As Managing Director & CEO of Chloride Metals Limited, a wholly-owned subsidiary of Exide Industries Limited, Chatterjee demonstrated exceptional leadership in scaling recycling operations. Under his stewardship, the company achieved remarkable growth and operational excellence.

Key Initiatives and Innovations

During his tenure at Chloride Metals Limited, Chatterjee successfully implemented several trend-setting initiatives:

• Producer Gas systems
• Integrated Battery Breaking Units
• Plastic Recycling facilities
• Strategic positioning for BWMR (Battery Waste Management Rules) compliance
• Development as best-in-class supplier of lead, lead alloys, and recycled plastics

Previous Professional Experience

Before joining Exide Industries, Chatterjee held pivotal roles at several renowned organizations, where he was instrumental in transforming manufacturing operations to meet evolving global standards:

• Eveready Industries
• Aditya Birla Group
• Hindustan National Glass

His extensive experience across these organizations has equipped him with deep insights into manufacturing excellence and operational transformation, making him well-positioned to drive operational efficiency and growth in his new role as Senior Management Personnel at Exide Industries Limited.