Exide invests Rs 50 crore more in lithium ion arm EESL

Exide Industries Limited has infused an additional Rs 50 crore into its wholly owned subsidiary, Exide Energy Solutions Limited (EESL). The investment, completed on January 28, 2026, takes Exide’s total exposure in the lithium ion battery business to Rs. 4,252.23 crore.

The company invested in a rights issue, subscribing to 1.25 million equity shares at a premium of Rs 30 per share. Following the allotment, Exide Industries Limited continues to hold 100% ownership in Exide Energy Solutions Limited (EESL).

EESL, incorporated in March 2022, is engaged in the manufacture of lithium-ion battery cells, modules and packs for Electric Vehicles (EVs) and stationary energy storage applications. For the financial year ended March 31, 2025, the subsidiary reported a turnover of Rs 116.89 crore and a net loss of Rs 209.12 crore.

The fresh capital will be used to fund the development of EESL’s greenfield manufacturing facility in Bengaluru and to meet ongoing operational requirements. The investment reflects Exide Industries Limited’s continued expansion into advanced battery technologies beyond its core lead-acid battery business.

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