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 uploaded the audio recording of its Q3FY26 earnings conference call on the company website, following the successful completion of the earnings discussion held on February 03, 2026. The company made this announcement in compliance with regulatory requirements under SEBI listing obligations.

Conference Call Completion

The earnings call was conducted as scheduled with the following specifications:

Senior Management Participation

The conference call featured participation from key members of the company's senior management team:

• Mr. Avik Roy - Managing Director & CEO
• Mr. Manoj Kumar Agarwal - Director-Finance & CFO
• Mr. Jitendra Kumar - President (Legal & Corp. Affairs) & Company Secretary
• Mr. Pravin Saraf - MD & CEO, Exide Energy Solutions Ltd

Audio Recording Availability

Following the completion of the earnings call, the company has made the audio recording available for stakeholders:

Regulatory Compliance and Confirmation

The company has issued this intimation pursuant to Regulation 30 and 46 read with clause 15 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was sent to major stock exchanges including BSE Limited, National Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited.

The company has specifically confirmed that no Unpublished Price Sensitive Information was shared or discussed during the earnings call. This confirmation provides additional assurance to investors and regulatory authorities regarding the company's adherence to disclosure norms and market integrity standards.