Exide Industries has invested an additional ₹65 crore in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), through equity share subscription. This investment brings the total investment in EESL to ₹3,947.23 crore. The funds will support EESL’s lithium-ion battery manufacturing and related activities. Exide Energy Solutions is setting up a greenfield plant to manufacture lithium-ion batteries. The shareholding percentage remains unchanged at 100%.
Investment Details
On October 28, 2025, Exide Industries Limited invested ₹65 crore in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), by subscribing to equity shares. This investment was made on a rights basis. Following this transaction, the total investment made by Exide Industries in EESL now stands at ₹3,947.23 crore.
Purpose of the Investment
The investment will be utilized by EESL to support its ongoing initiatives in manufacturing and selling lithium-ion battery cells, modules, and packs. EESL is currently focused on the electric vehicle market and stationary applications within India. The company is in the process of establishing a greenfield plant in Bengaluru for manufacturing these products.
Exide Energy Solutions Limited (EESL) Overview
EESL was incorporated on March 24, 2022, as a wholly-owned subsidiary of Exide Industries. The company’s primary business involves manufacturing battery cells of advanced chemistry and form factor, including cylindrical, pouch, and prismatic cells. EESL also assembles and sells battery modules and packs, supporting various related activities.
EESL Financial Highlights
Key financial figures for EESL include:
- Paid-up equity share capital: ₹1,290.46 crore
- Net worth as of March 31, 2025: ₹2,738.06 crore
- Turnover for FY 2024-25: ₹116.89 crore
- Loss after Tax for FY 2024-25: ₹209.12 crore
Shareholding
With this latest investment, Exide Industries maintains 100% ownership of Exide Energy Solutions Limited.
Source: BSE
