Exide Industries Invests ₹100 Crore in EESL, Total Investment Reaches ₹4,352 Crore
Exide Industries Ltd has invested ₹100 crore in its subsidiary Exide Energy Solutions Ltd (EESL) by subscribing to equity shares. This investment increases Exide's total stake in EESL to ₹4,352.23 crore. EESL, focused on lithium-ion battery production for electric vehicles, is establishing a greenfield plant in Bengaluru. As of March 31, 2025, EESL reported a paid-up capital of ₹1,391.71 crore and a net worth of ₹2,738.06 crore, with a loss after tax of ₹209.12 crore for FY25.
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Exide Industries Ltd invested ₹100 crore in Exide Energy Solutions Ltd (EESL) by subscribing to 2.5 crore equity shares on February 24, 2026. This brings Exide's total investment in EESL to ₹4,352.23 crore, maintaining a 100% shareholding.
EESL, incorporated on March 24, 2022, manufactures lithium-ion batteries and is building a greenfield plant in Bengaluru. For FY25, EESL reported a turnover of ₹116.89 crore and a loss after tax of ₹209.12 crore. Exide's net profit rose 4.9% year-on-year to ₹257 crore, with revenue increasing to ₹4,029 crore for the quarter.
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