Exide Industries Limited (EIL) has announced changes in the Key Managerial Personnel (KMP) of its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), and a significant equity investment. Mr. Mandar V Deo has resigned as the Managing Director & Chief Executive Officer (MD & CEO) of EESL, effective December 22, 2025. Following this, the Nomination & Remuneration Committee and the Board of Directors of Exide Industries Limited recommended the appointment of Mr. Pravin Ramchandra Saraf, currently an Executive Director at EIL, as the new MD & CEO of EESL. The Board of Directors of EESL accepted Mr. Deo's resignation and approved Mr. Saraf's appointment with immediate effect on December 22, 2025. In a separate development, Exide Industries Limited has invested ₹1,800,000,000 (Rupees one hundred and eighty crore only) in EESL on a rights basis, subscribing to the equity share capital. This investment brings Exide Industries' total investment in EESL to ₹4,202.23 crore. The company's shareholding percentage in EESL remains unchanged at 100% following this investment. EESL is engaged in the manufacturing and selling of lithium-ion battery cells, modules, and packs for the electric vehicle market and stationary applications, and this investment is intended to fund its greenfield plant project in Bengaluru.