Exide Industries Invests ₹450 Crore In EESL; Shares Rise 2.91%

Mumbai, March 25: Exide Industries Limited has infused ₹450 crore into its wholly owned subsidiary Exide Energy Solutions Limited, reinforcing its push into lithium-ion battery manufacturing.

The investment has been made through a rights issue, with Exide subscribing to 11.25 crore equity shares at a premium, maintaining its 100% ownership in the subsidiary, the company said in a regulatory filing dated March 25, 2026.

EESL, incorporated in 2022, is building a greenfield lithium-ion battery manufacturing facility in Bengaluru. The fresh capital is intended to fund this project and support ongoing funding requirements tied to India’s growing electric vehicle and energy storage ecosystem.

Post the investment, Exide’s total exposure in EESL stands at ₹4,802.23 crore. A substantial commitment. And a clear signal of intent.

Stock Market Snapshot

Exide Industries share price saw a firm uptick following the disclosure. As of 15:30 IST on March 25, 2026, the stock was trading at ₹307.20, up ₹8.70 or 2.91%, according to exchange data.

The stock opened at ₹302.00 and touched a high of ₹312.60 during the session, before settling near current levels. The movement reflects a constructive market response. Not euphoric, but confident.

Investors appear to be factoring in the long-term opportunity in lithium-ion cells, even as near-term financial returns remain linked to execution timelines.

Investment Anchored In Long-Term Battery Strategy

EESL operates in the manufacturing of lithium-ion battery cells, modules and packs, catering to electric mobility and stationary storage applications.

The subsidiary has reported a net worth of ₹2,738.06 crore as of March 31, 2025, with revenues of ₹116.89 crore in FY25. The business is still in its build-out phase, reflected in a reported loss as it scales operations.

It is an investment phase business, where capital deployment precedes revenue ramp-up. The Bengaluru facility, once operational, is expected to position Exide within the domestic cell manufacturing ecosystem, a segment currently dominated by imports.

A Gradual Shift From Legacy To New Energy

For decades, Exide has been synonymous with lead-acid batteries.

There is no immediate earnings trigger here. The real story will unfold over the next few years as capacity comes online and demand scales.

Source: https://nsearchives.nseindia.com/corporate/EXIDEIND_25032026160901_sdSEEESl.pdf