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Exide Industries infuses ₹100 crore into EESL; total investment rises to ₹4,352 croreShares of Exide Industries Ltd ended at ₹336.45, down by ₹1.85, or 0.55%, on the BSE.By Jomy Jos Pullokaran  February 24, 2026, 10:09:06 PM IST (Updated)2 Min ReadBattery maker Exide Industries Ltd on Tuesday (February 24) said it invested ₹100 crore by subscribing to equity shares of its wholly owned subsidiary, Exide Energy Solutions Ltd (EESL), on a rights basis. Exide Energy Solutions Ltd allotted 2.5 crore equity shares of ₹10 each at a premium of ₹30 per share, aggregating to ₹100 crore. The transaction was executed in cash.

Following the investment, Exide Industries’ total investment in EESL, including share premium and investments made in the erstwhile merged subsidiary Exide Energy Private Ltd (EEPL), stands at ₹4,352.23 crore. The shareholding of Exide Industries in EESL remains unchanged at 100%.

EESL was incorporated on March 24, 2022, and is engaged in manufacturing and selling lithium-ion battery cells, modules and packs for India’s electric vehicle market and stationary applications. It is setting up a greenfield plant in Bengaluru for manufacturing and selling lithium-ion battery cells, modules and packs. The equity investment is intended to fund the greenfield project and meet funding requirements.

Also Read: Exide Industries Q3 Results: Net profit, revenue rise; margin flat at 11.60%

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. Turnover for FY25 stood at ₹116.89 crore, with a loss after tax of ₹209.12 crore. Turnover for FY24 and FY23 was ₹239.14 crore and ₹112.05 crore, respectively, subsequent to the merger of EEPL with EESL.

The transaction is a related party transaction as EESL is a wholly owned subsidiary, and it has been undertaken at arm’s length. No governmental or regulatory approvals were required. The shares were allotted on February 24, 2026.

Third Quarter Results

Net profit rose 4.9% year-on-year to ₹257 crore, compared with ₹245 crore in the same quarter last year. Revenue for the quarter increased 4.7% to ₹4,029 crore from ₹3,848 crore a year ago.

Also Read: Exide Industries invests ₹80 crore in arm to fund Bengaluru lithium-ion cell plant

On an operating basis, the company's EBITDA grew 4.6% year-on-year to ₹469 crore from ₹448.4 crore. The figure was marginally ahead of the CNBC-TV18 poll estimate of ₹466 crore. EBITDA margin stood at 11.60%, beating the Street's expectation of 10.90% and remaining flat on a year-on-year basis.

Shares of Exide Industries Ltd ended at ₹336.45, down by ₹1.85, or 0.55%, on the BSE.Continue Reading(Edited by : Jomy Jos Pullokaran)First Published: Feb 24, 2026 10:08 PM ISTTagsExide Industriesshare market today