Exide Industries Limited has announced a fresh equity investment of ₹450 crore in its wholly owned subsidiary, Exide Energy Solutions Limited, as part of its ongoing expansion in the lithium-ion battery segment.
The investment, made on March 25, 2026, was executed through a rights issue, with Exide subscribing to 11.25 crore equity shares having a face value of ₹10 each, issued at a premium of ₹30 per share. Following the transaction, Exide Industries continues to retain 100% ownership in EESL. The company noted that the transaction qualifies as a related party transaction but was conducted on an arm’s length basis.
The capital infusion will primarily support EESL’s greenfield manufacturing facility in Bengaluru. The plant is being developed to produce lithium-ion battery cells, modules, and packs, catering to India’s rapidly expanding electric vehicle (EV) market as well as stationary energy storage applications.
The project will also focus on advanced battery chemistries and multiple cell formats, including cylindrical, pouch, and prismatic cells, positioning the company to address diverse energy storage requirements.
Incorporated on March 24, 2022, EESL is currently in a growth phase as it scales up operations. Following its merger with Exide Energy Private Limited, the company reported a turnover of ₹116.89 crore in FY 2024–25, while posting a loss after tax of ₹209.12 crore during the same period. As of March 31, 2025, its net worth stood at ₹2,738.06 crore.
Exide Industries made the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and confirmed that no additional regulatory or government approvals were required for the transaction.
