Seshasayee Paper and Boards Limited has made another acquisition of equity shares in High Energy Batteries (India) Limited, purchasing 5,461 additional shares on March 30, 2026. This follows their previous acquisitions on March 24 and March 27, 2026, demonstrating continued investment in the battery manufacturing company.

Latest Transaction Details

The most recent share acquisition was executed through open market purchases on the BSE on March 30, 2026. The transaction details are as follows:

Updated Shareholding Pattern

The latest acquisition has further increased Seshasayee Paper's shareholding in High Energy Batteries. The comparative shareholding position shows:

Regulatory Compliance and Documentation

The transaction was formally disclosed through official regulatory documentation under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. High Energy Batteries' Company Secretary V. Anantha Subramanian received and acknowledged the disclosure from Seshasayee Paper's Director (Finance) & Secretary S. Srinivas on March 30, 2026.

Previous Acquisition Summary

Prior to this latest transaction, Seshasayee Paper had made two other acquisitions in March 2026. On March 24, 2026, the company acquired 1,092 equity shares at Rs. 524.77 per share, representing 0.012% of High Energy Batteries' equity share capital. This was followed by another acquisition of 5,921 shares on March 27, 2026, at Rs. 519.61 per share, representing 0.066% of the equity share capital.

Company Information

High Energy Batteries (India) Limited maintains a total equity share capital of 8,963,840 shares with a face value of Rs. 2.00 each. The company's shares are listed on the BSE. Seshasayee Paper belongs to the promoter group category of High Energy Batteries and continues to maintain its position as a significant stakeholder in the battery manufacturing company with its increased 17.937% holding.

High Energy Batteries (India) Limited has announced significant changes to its board of directors and subsequent reconstitution of various board committees, both effective April 1, 2026. The company communicated these changes to BSE Limited through formal intimations under Regulation 30 of SEBI (LODR) Regulations, 2015.

Director Cessation Details

Mrs. Lalitha Lakshmanan will complete her tenure as Independent Director on March 31, 2026, marking the end of her second consecutive five-year term with the company. Her directorship cessation follows the completion of two terms of five consecutive years each, in accordance with regulatory requirements.

New Director Appointments

Following the postal ballot process, the company has made multiple key appointments to strengthen its board composition. Mrs. Jayashree Ajit Shankar has been appointed as the new Woman Independent Director, while Dr. G A Pathanjali has been re-appointed as Managing Director, and Mr. C V Ramana has joined as Nominee Director.

Professional Background

Mrs. Jayashree Ajit Shankar brings over three decades of professional experience spanning varied areas, with particular expertise in insurance sector operations, personnel management, and corporate strategies development. The company has confirmed that Mrs. Shankar is not related to any existing directors and is not debarred from holding directorship by any regulatory authority.

Board Committee Reconstitution

The Board of Directors approved the reconstitution of all major committees in its meeting held on March 28, 2026, effective April 1, 2026. The company formally communicated this reconstitution to BSE Limited under reference SECY/2025-26/163, following the postal ballot results submitted on March 24, 2026.

Audit Committee

Nomination and Remuneration Committee

Stakeholders Relationship Committee

Corporate Social Responsibility Committee

Regulatory Compliance

The board changes and committee reconstitution follow a comprehensive postal ballot process completed on March 24, 2026. The appointments include the re-appointment of Dr. G A Pathanjali as Managing Director from April 1, 2026, appointment of Mr. C V Ramana as Nominee Director from January 31, 2026, and appointment of Mrs. Jayashree Ajit Shankar as Woman Independent Director from April 1, 2026. All appointments and committee structures comply with SEBI (LODR) Regulations, 2015, and relevant regulatory requirements for board composition.