Exide Industries invests ₹80 crore more in battery subsidiary EESL

Exide Industries Limited announced a further investment of ₹80,00,00,000 in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL). This investment, made on September 25, 2025, through a rights issue, brings Exide Industries' total investment in EESL to ₹3,882.23 crore. The shareholding percentage of Exide Industries in EESL remains unchanged at 100%.

EESL, incorporated on March 24, 2022, focuses on manufacturing and selling lithium-ion battery cells, modules, and packs for India's electric vehicle market and stationary applications. The new capital will fund EESL's greenfield plant in Bengaluru, which is establishing advanced chemistry battery cell production. For the financial year ended March 31, 2025, EESL reported a turnover of ₹116.89 crore and a net worth of ₹2,738.06 crore, with a loss after tax of ₹209.12 crore.

This strategic investment reinforces Exide Industries' commitment to its core business of advanced battery manufacturing, aligning with the growing demand for EV and energy storage solutions.