Exide Industries has informed that on 22nd March 2024, Exide Industries ('Company/EIL') has invested Rs 110,00,00,028 (Rupees One Hundred and Ten Crores and Twenty-Eight only) by way of subscription in the equity share capital of its wholly owned subsidiary, ‘Chloride Metals’ (hereinafter referred as 'CML'), on rights basis. There is no change in the shareholding percentage of the Company in CML pursuant to such an acquisition. The detailed disclosure required under Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-l/P/CIR/2023/123 dated 13th July 2023 is enclosed.
The above information is a part of company’s filings submitted to BSE.