EXIDE INDUSTRIES LTD. - Update On Li-Ion Cell Manufacturing Facility

Further to our letter no. EIL/SEC/2021-22/69 dated 10th March 2022, we would like to inform you that Exide Energy Solutions Limited (EESL), wholly owned subsidiary of Exide Industries Limited ('Company') has executed the lease cum sale agreement on 26th July 2022 for procuring land parcel admeasuring 80 acres at Hitech, Defence & Aerospace Park, Phase-2, Bengaluru with Karnataka Industrial Areas Development Board (KIADB). The land will be used to set up state-of-the-art green field multi-gigawatt Li-ion battery cell manufacturing facility for the new-age electric mobility and stationary application businesses in India.