Exide Industries has invested ₹450 crore in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), through a rights issue. The transaction was completed on 25 March 2026 with the allotment of 11.25 crore equity shares. Each share carries a face value of ₹10 and a premium of ₹30.
As per the filing, following this infusion, the company’s total investment in EESL has risen to ₹4,802.23 crore. The shareholding structure remains unchanged, with Exide continuing to hold 100% stake in the subsidiary.
The investment is intended to support EESL’s ongoing capital requirements. A key focus is the development of a greenfield facility in Bengaluru for lithium-ion battery manufacturing.
The planned facility will produce battery cells, modules, and packs for electric vehicles as well as stationary energy storage applications. The funding is expected to cover project costs and related operational needs.
EESL was incorporated in March 2022 and operates in the advanced chemistry battery segment. Its activities include manufacturing lithium-ion cells in different formats such as cylindrical, pouch, and prismatic, along with assembly of battery modules and packs.
As of 31 March 2025, the company reported a paid-up equity capital of ₹1,504.21 crore and a net worth of ₹2,738.06 crore. Revenue for FY25 stood at ₹116.89 crore, while the company reported a loss after tax of ₹209.12 crore.
EESL’s turnover has varied over the last 3 financial years. Revenue was ₹239.14 crore in FY24 and ₹112.05 crore in FY23. The fluctuations show the early stage of operations and ongoing investments in capacity.
The current investment also includes amounts routed through a previously merged subsidiary, Exide Energy Private Limited.
The investment was made in cash and classified as a related party transaction, given EESL’s status as a wholly owned subsidiary. The company stated that the transaction was conducted on an arm’s length basis.
No regulatory approvals were required, and the shares were allotted on the same date as the investment.
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As of March 27, 2026, 9:17 am, Exide Industries share price was trading at ₹304.40, down 0.90% from the previous closing price.
The funding adds to Exide Industries’ capital allocation towards its battery business, with emphasis on building domestic lithium-ion manufacturing capacity through its subsidiary.
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Published on: Mar 27, 2026, 9:54 AM IST
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