Further to our communication vide letter no. EIL/SEC/2018-19/49 dated 7th January 2019 this is to inform you that Exide Industries Limited (the Company) has entered into 3 (three) separate Share Subscription and Shareholders Agreements dated 18th April 2019 (SSSAs) with Cleantech Solar Energy (India) Pvt. Ltd. (Cleantech) and each of the three below mentioned Special Purpose Vehicle (SPV) companies namely:
a) CSE Solar Sunpark Tamil Nadu Private Limited;
b) Greenyana Solar Private Limited; and
c) CSE Solar Sunpark Maharashtra Private Limited
for purchase of energy from three Captive Power Plants to be set-up by the SPV companies.
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