Exide Industries Invests ₹100 Crore in Exide Energy Solutions to Fund Bengaluru Lithium-Ion Plant
Rights Issue Strengthens Funding for EV-Focused Greenfield Project
Exide Industries Ltd on Tuesday announced an investment of ₹100 crore in its wholly owned subsidiary, Exide Energy Solutions Ltd, through a rights issue of equity shares.Exide Energy Solutions allotted 2.5 crore equity shares of ₹10 each at a premium of ₹30 per share, aggregating to ₹100 crore. The transaction was completed in cash on February 24, 2026.
Following this infusion, Exide Industries’ total investment in EESL, including share premium and investments made in the former merged subsidiary Exide Energy Private Ltd, has risen to ₹4,352.23 crore. The parent company’s shareholding in EESL remains unchanged at 100 percent.
Funding Lithium-Ion Battery Manufacturing Expansion
Incorporated on March 24, 2022, Exide Energy Solutions Ltd is engaged in the manufacturing and sale of lithium-ion battery cells, modules, and packs catering to India’s electric vehicle market and stationary energy storage applications.The company is currently setting up a greenfield manufacturing plant in Bengaluru for lithium-ion battery cells, modules, and packs. The latest equity investment is aimed at supporting the development of this greenfield facility and meeting related funding requirements.
Financial Snapshot of Exide Energy Solutions
As of March 31, 2025, EESL reported a paid-up equity share capital of ₹1,391.71 crore and a net worth of ₹2,738.06 crore.For FY25, the company recorded a turnover of ₹116.89 crore and a net loss of ₹209.12 crore. In comparison, turnover stood at ₹239.14 crore in FY24 and ₹112.05 crore in FY23, following the merger of Exide Energy Private Ltd with EESL.
The transaction qualifies as a related party transaction, given EESL’s status as a wholly owned subsidiary. The company stated that the deal was conducted at arm’s length and did not require any governmental or regulatory approvals.
Exide Industries Q3 Results: Profit and Revenue Edge Higher
Separately, Exide Industries reported its third quarter results, posting a net profit of ₹257 crore, up 4.9 percent year-on-year from ₹245 crore in the corresponding quarter last year.Revenue for the quarter rose 4.7 percent to ₹4,029 crore, compared with ₹3,848 crore a year ago.
Stock Performance
Shares of Exide Industries Ltd ended at ₹336.45 on the BSE, down ₹1.85 or 0.55 percent for the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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