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 invested Rs. 100 crore in 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 plus Rs. 30 premium) on a rights basis. With this, the total cumulative investment in EESL stands at Rs. 3,802.23 crore, while EIL's shareholding remains at 100%. The funds are being used by EESL to set up a greenfield lithium-ion battery manufacturing plant in Bengaluru. EESL reported a turnover of Rs. 116.89 crore and a loss of Rs. 209.12 crore in FY25, with a net worth of Rs. 2,738.06 crore.
This is a routine top-up investment in a wholly owned subsidiary and will not change ownership or consolidated financials meaningfully. Shareholders should note that EESL is loss-making and still in the build-out phase, so continued cash infusions may be needed as the Bengaluru plant ramps up.