Exide Industries Invests ₹100 Crore in Wholly Owned Subsidiary Exide Energy Solutions
Exide Industries invested ₹100 crore in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), on a rights basis. This increases the total investment in EESL to ₹4,352.23 crore. EESL is developing a lithium-ion battery cell manufacturing plant in Bengaluru. The investment was made on February 24, 2026.
The investment is substantial and crucial for the subsidiary's strategic project (lithium-ion battery manufacturing), which is a key growth area for Exide Industries, thereby having a medium-term impact on the company's future prospects.
The investment is a routine capital infusion into a wholly-owned subsidiary for project funding, with no immediate significant impact on the parent company's financials reported.
Exide Industries Limited (EIL) has announced a further investment of ₹100 crore (Rupees One Hundred Crore only) by subscribing to the equity share capital of its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), on a rights basis. This latest investment brings EIL's total investment in EESL to ₹4,352.23 crore.
Exide Energy Solutions Limited, incorporated on March 24, 2022, is focused on manufacturing and selling lithium-ion battery cells, modules, and packs for India's electric vehicle and stationary applications market. The company is currently establishing a greenfield plant in Bengaluru for this purpose. The equity investment is intended to fund this project and meet EESL's various funding requirements.
As of March 31, 2025, EESL had a paid-up equity share capital of ₹1,391.71 crore and a net worth of ₹2,738.06 crore. Its turnover for FY2024-25 was ₹116.89 crore, with a loss after tax of ₹209.12 crore for the same period. The shareholding percentage of Exide Industries Limited in EESL remains unchanged at 100% following this investment. The transaction was completed on February 24, 2026, and is considered an arm's length transaction.
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