Exide Industries declared a final dividend of ₹2 per share for the financial year ended March 31, 2026, at its 79th Annual General Meeting (AGM) held on July 10, 2026. The dividend, amounting to 200% of the face value of ₹1 per share, was approved alongside the adoption of audited financial statements. Shareholders sanctioned the re-appointment of Manoj Kumar Agarwal, who retires by rotation, as Director-Finance and Chief Financial Officer, and approved a revision in his remuneration terms.

The AGM was conducted through Video Conferencing and Other Audio Visual Means, with 197 members participating. The meeting, chaired by Mr. Sridhar Gorthi, commenced at 10:30 a.m. IST and concluded at 1:14 p.m. IST. Proceedings included addresses from the Chairman and Managing Director & CEO, Mr. Avik Roy, who highlighted the company's performance, the 'One Exide' operating model, and advancements in the lithium-ion business amidst global economic challenges.

Voting Results

All five resolutions proposed at the meeting were passed with the requisite majority. The scrutinizer, M/s Anjan Kumar Roy & Co., oversaw the remote e-voting and e-voting during the AGM. Remote e-voting was conducted from July 7, 2026, to July 9, 2026, with the cut-off date for eligibility set as July 3, 2026.

Resolution Outcomes

Business Proceedings

The statutory auditors, BSR & Co. LLP, and the secretarial and cost auditors were present at the meeting. A total of 27 shareholders spoke during the session, raising queries regarding operational performance, commodity price volatility, and sustainability initiatives. The management addressed these concerns, detailing the company's capital expenditure plans and competitiveness in the EV battery segment.

The notice for the AGM was circulated on May 4, 2026, and the Integrated Annual Report was made available on the company's website. The voting results will be submitted to the stock exchanges in due course as per Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Chloride Eastern Limited, the promoter of Exide Industries , has confirmed that it holds 45.99% of the paid-up share capital in the company without any encumbrance as on March 31, 2026. The disclosure, submitted to the stock exchanges, provides clarity on the holding status of the promoter entity amidst regulatory requirements.

Shareholding Details

In a filing to the National Stock Exchange of India Limited, BSE Limited, and The Calcutta Stock Exchange Limited, Chloride Eastern Limited declared its ownership details. The company stated that it holds 39,09,54,666 equity shares. This aggregation translates to 45.99% of the total paid-up share capital of Exide Industries Limited.

Regulatory Disclosure

The confirmation was provided under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The promoter explicitly declared that it has not created or made, directly or indirectly, any encumbrance on the aforementioned shares. The disclosure was addressed to the exchanges and the Audit Committee of Exide Industries Limited.