Exide Industries Limited has announced a fresh investment in its wholly owned subsidiary, Exide Energy Solutions Limited, as part of its ongoing expansion in the lithium-ion battery segment. On March 25, 2026, the company infused Rs. 450 crore into EESL by subscribing to equity shares through a rights issue.
With this latest investment, Exide Industries’ total cumulative investment in EESL has reached Rs. 4,802.23 crore. The transaction involved the allotment of 11,25,00,000 equity shares with a face value of Rs. 10 each, issued at a premium of Rs. 30 per share. Despite the additional capital infusion, Exide continues to hold 100% ownership in the subsidiary. As a result, the transaction is treated as a related party transaction, although the company stated that it was carried out on an arm’s length basis.
The main purpose of this funding is to support EESL’s greenfield project being developed in Bengaluru. The facility is focused on manufacturing lithium-ion battery cells, modules, and packs. These products are expected to serve India’s fast-growing electric vehicle market as well as stationary energy storage applications. The project also covers advanced battery chemistries and multiple cell formats, including cylindrical, pouch, and prismatic types.
EESL, which was incorporated on March 24, 2022, is still in a growth phase as it scales up operations. After merging with Exide Energy Private Limited, the company reported a turnover of Rs. 116.89 crore in the financial year 2024-25. However, it also posted a loss after tax of Rs. 209.12 crore during the same period. As of March 31, 2025, its net worth stood at Rs. 2,738.06 crore.
The company made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It also confirmed that no additional approvals from government or regulatory authorities were required for this share subscription.
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