Exide Industries Limited has informed the Exchange about further investment in Exide Energy Solutions Limited, wholly owned subsidiary of the Company.
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Exide Industries has infused an additional Rs. 100 crore into its wholly owned subsidiary Exide Energy Solutions Limited (EESL) by subscribing to 2.5 crore equity shares at Rs. 40 each (Rs. 10 face value + Rs. 30 premium) on a rights basis. With this, total investment in EESL stands at Rs. 4,352.23 crore. EIL's ownership remains unchanged at 100%. The funds will be used by EESL to set up its greenfield lithium-ion battery cells, modules, and packs manufacturing plant in Bengaluru, targeting the EV and stationary storage markets. EESL, incorporated in March 2022, had a turnover of Rs. 116.89 crore in FY25 but reported a loss of Rs. 209.12 crore, with a net worth of Rs. 2,738.06 crore as of March 2025.
This is an internal capital infusion into Exide's lithium-ion battery subsidiary and does not change the consolidated structure or shareholding pattern. Shareholders should note that EESL is still in investment mode with ongoing losses, but the continued funding signals management's commitment to the EV battery business, which is a long-term growth bet. No immediate impact on stock price is expected from this routine subsidiary funding.