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Exide Industries Limited (EIL) has announced an additional investment of ₹80 crore in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL). With this fresh infusion, EIL’s total investment in the battery manufacturing unit has reached ₹3,882.23 crore.
The investment was made through a rights issue, under which EESL allotted 2 crore equity shares of ₹10 each at a premium of ₹30 per share. Following the transaction, EIL’s shareholding in EESL remains unchanged at 100%.
Established in March 2022, EESL operates in the lithium-ion battery manufacturing sector, producing cells, modules, and packs for India’s electric vehicle market and stationary applications. The subsidiary is currently setting up a greenfield manufacturing facility in Bengaluru.
As of March 31, 2025, EESL reported a paid-up equity share capital of ₹1,274.21 crore and a net worth of ₹2,738.06 crore. For FY2024-25, the company recorded revenue of ₹116.89 crore but posted a loss after tax of ₹209.12 crore. Over the past three financial years, turnover has remained volatile—₹112.05 crore in FY2022-23, ₹239.14 crore in FY2023-24, and ₹116.89 crore in FY2024-25.
The latest investment will support EESL’s Bengaluru project and meet operational funding requirements. The subsidiary specializes in manufacturing advanced chemistry battery cells across cylindrical, pouch, and prismatic form factors, along with battery modules and packs.
This expansion underscores India’s growing demand for electric vehicles and energy storage solutions, while highlighting EIL’s strategic shift from its traditional lead-acid battery business towards next-generation battery technologies.
The company disclosed this development to the BSE, NSE, and Calcutta Stock Exchange in compliance with SEBI listing regulations. EIL shares trade under the symbol EXIDEIND on NSE and scrip code 500086 on BSE.
