exide

Company has incorporated a wholly owned subsidiary, viz., EXIDE ENERGY SOLUTIONS LIMITED ("WOS") to set up a green field multi-gigawatt Lithium-ion cell manufacturing facility in India with an initial authorized and paid up equity share capital of Rs. 100,000.

The main object of the WOS is to carry on the business of manufacturing battery cells of advanced chemical and form factor, including but not limited to cylindrical, pouch, prismatic, (the "Battery Cells"), as well as manufacturing, assembling, selling battery modules, battery packs and other related activities thereto.