Exide Industries | EESL Update

EXIDEIND

• MD & CEO Mr. Mandar V. Deo resigns; Mr. Pravin R. Saraf appointed new MD & CEO of EESL • Exide invests ₹1,800 cr in EESL via rights issue; total investment at ₹4,202.23 cr • Shareholding unchanged at 100% • EESL manufactures Li-ion battery cells & packs • FY25 turnover ₹116.89 cr; loss ₹209.12 cr Impact: Neutral Leadership change with continued capital support; losses reflect investment phase of Li-ion business.