Quick Takeaways
- Exide Industries lithium-ion battery investment reinforces long-term EV and energy storage growth strategy.
- Fresh capital infusion supports advanced lithium-ion cell manufacturing in India.
On January 28, 2026, Exide Industries Limited announced an additional equity infusion of ₹50 crore into its wholly owned subsidiary, Exide Energy Solutions Limited, through a rights-based subscription of equity shares. The move preserves Exide Industries’ 100 percent ownership, with no change in the existing shareholding structure.
Details of Exide Industries lithium-ion battery investment
Exide Energy Solutions Limited allotted 1.25 crore equity shares at a face value of ₹10 each, issued at a premium of ₹30 per share, resulting in an aggregate investment of ₹50 crore. Following this transaction, the total investment by Exide Industries in the subsidiary has reached ₹4,252.23 crore, including capital deployed in the previously merged Exide Energy Private Limited.
The transaction was executed on an arm’s length basis. The promoter and promoter group have no interest in the deal beyond the disclosed investment, and no regulatory or governmental approvals were required for the rights issue.
Exide Energy Solutions business and operations
Incorporated on March 24, 2022, Exide Energy Solutions Limited focuses on manufacturing and selling lithium-ion battery cells, modules, and packs for India’s electric vehicle market and stationary energy storage applications. The company operates with a paid-up equity share capital of ₹1,366.71 crore and reported a net worth of ₹2,738.06 crore as of March 31, 2025.
Its operations span advanced battery chemistry and multiple form factors, including cylindrical, pouch, and prismatic cells, along with battery modules, battery packs, and associated components.
Financial performance overview
For the financial year 2024–25, Exide Energy Solutions reported revenue of ₹116.89 crore and a loss after tax of ₹209.12 crore. This followed revenue of ₹239.14 crore in FY2023–24 and ₹112.05 crore in FY2022–23, reflecting post-merger operational scaling and investment-led expansion.
Funding purpose and manufacturing expansion
The fresh capital from the Exide Industries lithium-ion battery investment will primarily support the development of a greenfield manufacturing facility in Bengaluru. The funding will also meet broader requirements related to establishing production capabilities across advanced lithium-ion battery technologies.
The upcoming facility is designed to manufacture battery cells across multiple chemistries and form factors, while also supporting the assembly of battery modules and packs. This expansion aligns with rising demand for electric vehicle batteries and energy storage solutions in India, positioning Exide Energy Solutions to scale domestic manufacturing capacity efficiently.
The equity shares under the rights issue were formally allotted on January 28, 2026, completing the transaction without any change in ownership or control structure.
Details of Exide Industries lithium-ion battery investment
Exide Energy Solutions Limited allotted 1.25 crore equity shares at a face value of ₹10 each, issued at a premium of ₹30 per share, resulting in an aggregate investment of ₹50 crore. Following this transaction, the total investment by Exide Industries in the subsidiary has reached ₹4,252.23 crore, including capital deployed in the previously merged Exide Energy Private Limited.
The transaction was executed on an arm’s length basis. The promoter and promoter group have no interest in the deal beyond the disclosed investment, and no regulatory or governmental approvals were required for the rights issue.
Exide Energy Solutions business and operations
Incorporated on March 24, 2022, Exide Energy Solutions Limited focuses on manufacturing and selling lithium-ion battery cells, modules, and packs for India’s electric vehicle market and stationary energy storage applications. The company operates with a paid-up equity share capital of ₹1,366.71 crore and reported a net worth of ₹2,738.06 crore as of March 31, 2025.
Its operations span advanced battery chemistry and multiple form factors, including cylindrical, pouch, and prismatic cells, along with battery modules, battery packs, and associated components.
Financial performance overview
For the financial year 2024–25, Exide Energy Solutions reported revenue of ₹116.89 crore and a loss after tax of ₹209.12 crore. This followed revenue of ₹239.14 crore in FY2023–24 and ₹112.05 crore in FY2022–23, reflecting post-merger operational scaling and investment-led expansion.
Funding purpose and manufacturing expansion
The fresh capital from the Exide Industries lithium-ion battery investment will primarily support the development of a greenfield manufacturing facility in Bengaluru. The funding will also meet broader requirements related to establishing production capabilities across advanced lithium-ion battery technologies.
The upcoming facility is designed to manufacture battery cells across multiple chemistries and form factors, while also supporting the assembly of battery modules and packs. This expansion aligns with rising demand for electric vehicle batteries and energy storage solutions in India, positioning Exide Energy Solutions to scale domestic manufacturing capacity efficiently.
The equity shares under the rights issue were formally allotted on January 28, 2026, completing the transaction without any change in ownership or control structure.
Company Press Release
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