Exide Industries Ltd has invested ₹100 crore in its wholly owned subsidiary, Exide Energy Solutions Ltd (EESL), through a rights issue, as per a recent stock exchange filing. The shares were allotted on 24 February 2026.
EESL issued 2.5 crore equity shares of ₹10 each at a premium of ₹30 per share. The transaction was completed in cash. Following the allotment, Exide’s total investment in EESL stands at ₹4,352.23 crore. The company’s shareholding remains unchanged at 100%.
The investment is classified as a related party transaction as EESL is a wholly owned subsidiary. The company stated that the transaction was conducted at arm’s length.
No regulatory or governmental approvals were required. The total investment figure includes earlier infusions, including funds invested in Exide Energy Private Ltd, which has since merged with EESL.
EESL was formed in March 2022 and operates in the lithium-ion battery segment. The company manufactures battery cells, modules and packs for electric vehicles and stationary applications.
As of 31 March 2025, EESL’s paid-up equity share capital stood at ₹1,391.71 crore, while its net worth was ₹2,738.06 crore. The subsidiary recorded revenue of ₹116.89 crore in FY25, down from ₹239.14 crore in FY24 and up from ₹112.05 crore in FY23. It posted a loss after tax of ₹209.12 crore for the year.
The fresh capital will be used to plan EESL’s greenfield manufacturing facility in Bengaluru. The plant is being set up to produce lithium-ion battery cells in cylindrical, pouch and prismatic formats, along with battery modules and packs. The funding is to meet project and operational requirements.
For the third quarter, Exide Industries reported a net profit of ₹257 crore, up 4.9% from ₹245 crore a year earlier. Revenue rose 4.7% year-on-year to ₹4,029 crore. EBITDA stood at ₹469 crore, with a margin of 11.60%.
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As of February 25, 2026, 9:18 am, Exide Industries share price was trading at ₹339.30, 1.00% increase from the previous closing price.
With the ₹100 crore investment, Exide continues to fund its wholly owned lithium-ion subsidiary. The shareholding structure remains unchanged at 100%.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 25, 2026, 11:33 AM IST
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