Exide Industries invests ₹80 crore in arm to fund Bengaluru lithium-ion cell plant

Battery maker Exide Industries Limited (EIL) on Thursday (September 25) said it has invested ₹80 crore in the equity share capital of its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), on a rights basis. With this infusion, the company’s total investment in EESL stands at ₹3,882.23 crore. The investment does not change EIL’s 100% shareholding in the subsidiary.EESL, incorporated on March 24, 2022, is engaged in the manufacturing and sale of lithium-ion battery cells, modules, and packs for India’s electric vehicle market and stationary applications. The company is currently setting up a greenfield plant in Bengaluru to support this business.

As per the latest financials, EESL has a paid-up equity capital of ₹1,274.21 crore, a net worth of ₹2,738.06 crore, and reported a turnover of ₹116.89 crore for FY25. The company posted a loss after tax of ₹209.12 crore for the year. Over the last three years, EESL’s turnover was ₹112.05 crore in FY23 and ₹239.14 crore in FY24, following the merger of erstwhile Exide Energy Private Limited with EESL.

Also Read: Exide Industries Q4 Results: Profit down 11%; firm sees demand improving going aheadThe current rights issue involved the allotment of two crore equity shares of ₹10 each at a premium of ₹30 per share. The transaction is classified as a related-party transaction, but it was executed at arm’s length, with no promoter or promoter group interest beyond EIL’s existing ownership. The purpose of the investment is to fund the Bengaluru greenfield project and meet EESL’s other funding requirements.

No governmental or regulatory approvals were required for this investment, and the shares were allotted on September 25, 2025. Shares of Exide Industries Ltd ended at ₹393.60, down by ₹6.25 or 1.56%, on the BSE today, September 25.

Also Read: Exide Industries infuses ₹100 cr into arm Exide Energy Solutions in lithium-ion battery fillip