News Announcement

Exide Industries: Announcement under Regulation 30 (LODR)-Scheme of Arrangement

This is in furtherance to our letter dated 18th May 2022 wherein we had intimated the Stock exchanges about submission of Scheme of Amalgamation of Chloride Power Systems & Solutions Limited ("Transferor Company") with its parent entity Exide Industries Limited ("Company" or "Transferee Company") (Scheme) to Honble National Company Law Tribunal Kolkata Bench. In this regard we are pleased to inform you that the order sanctioning the Scheme was orally pronounced by the Honble National Company Law Tribunal Kolkata Bench on 17th February 2023 and a subsequent corrigendum order rectifying a typographical error was passed on 22nd February 2023. The NCLT has issued certified copy of both the orders today i.e. 3rd March 2023 sanctioning the Scheme. The copy of the order is enclosed herewith for your reference.

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