Exide Industries invests ₹100 crore in wholly owned subsidiary EESL

Exide Industries Limited (EIL) has announced an equity investment of ₹100 crore in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), on a rights basis. The investment was made on July 22, 2025, through subscription to 2.5 crore equity shares of ₹10 each at a premium of ₹30 per share.

Following this transaction, the total investment by EIL in EESL, including share premium and investment in the erstwhile merged entity Exide Energy Private Limited (EEPL), stands at ₹3,702.23 crore. There is no change in EIL’s shareholding in EESL, which remains at 100%.

EESL was incorporated on March 24, 2022, and is engaged in manufacturing and selling lithium-ion battery cells, modules, and battery packs for electric vehicles and stationary storage applications. As of March 31, 2025, the company had a paid-up equity share capital of ₹1,229.21 crore and a net worth of ₹2,738.06 crore. Its turnover for the financial year ending March 31, 2025, was ₹116.89 crore, with a reported loss after tax of ₹209.12 crore.

The equity investment is aimed at funding EESL’s ongoing greenfield project in Bengaluru, which involves setting up a facility for manufacturing & selling lithium-ion battery cells and related products. The transaction qualifies as a related party transaction as EESL is a wholly owned subsidiary of EIL. However, it has been stated that the transaction was conducted on an arm’s length basis. There are no government or regulatory approvals required for this transaction.

EESL’s turnover in the previous two financial years stood at ₹239.14 crore in FY 2023–24 and ₹112.05 crore in FY 2022–23. These figures include the performance of Exide Energy Private Limited, which was merged with EESL.

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