Exide Industries Limited has informed the Exchange about further investment in Wholly Owned Subsidiary
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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 + Rs. 30 premium) on a rights basis. This takes the total cumulative investment in EESL to Rs. 3,702.23 crore, though EIL's shareholding remains unchanged at 100%. The funds are intended to support EESL's greenfield lithium-ion battery cell, module, and pack manufacturing plant being set up in Bengaluru. EESL's turnover declined from Rs. 239.14 crore in FY24 to Rs. 116.89 crore in FY25, with a loss after tax of Rs. 209.12 crore, indicating the subsidiary is still in its early growth phase.
This is a routine follow-on capital infusion into a wholly owned EV battery subsidiary, with no change in ownership. Shareholders should note that EESL is loss-making and in a capex-heavy build-out phase, so near-term returns from this subsidiary are unlikely. The investment signals continued management commitment to the lithium-ion business but does not materially impact the listed entity's near-term earnings.