Exide Industries has announced that its Board of Directors will convene on January 30, 2026, to review and approve the company's unaudited financial results for the third quarter and nine months ending December 31, 2025. The meeting notice was issued in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details and Regulatory Compliance

The board meeting announcement was communicated to all major stock exchanges where the company's shares are listed. The notification provides specific details about the meeting's primary agenda and regulatory requirements.

Trading Window Restrictions

Exide Industries has informed investors about the current trading window closure for its securities. The company referenced its earlier communication dated November 24, 2025, regarding these restrictions. Under the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's approved Code of Conduct for Prevention of Insider Trading, the trading window remains closed for all dealings in the company's securities.

Stock Exchange Communications

The formal notification was sent to all relevant stock exchanges where Exide Industries shares are traded. The company maintains listings across multiple exchanges with specific identification codes for each platform.

The announcement was signed by Jitendra Kumar, Company Secretary and President (Legal & Corporate Affairs), with ACS No. 11159, ensuring proper authorization and compliance with corporate governance requirements. The digital signature was applied on December 29, 2025, at 11:27:39 IST, providing a clear timestamp for the official communication.

Exide Industries has announced a substantial equity investment of ₹180.00 crores in its wholly-owned subsidiary Exide Energy Solutions Limited (EESL) on December 23, 2025, along with a significant leadership transition following the resignation of the previous CEO on December 22, 2025.

Major Equity Investment in Energy Solutions Unit

Exide Industries invested ₹180.00 crores through subscription in the equity share capital of EESL on a rights basis on December 23, 2025. This latest investment significantly increases the company's total stake in its energy solutions subsidiary to ₹4,202.23 crores.

The investment involved allotment of 4.50 crore equity shares of ₹10.00 each at a premium of ₹30.00 per share. Despite this substantial investment, there is no change in the shareholding percentage of the company in EESL.

Leadership Transition Following CEO Resignation

EESL witnessed a significant leadership change with the resignation of Mandar V Deo, Managing Director & Chief Executive Officer, on December 22, 2025. The Board of Directors of EESL approved the appointment of Pravin Ramchandra Saraf as the new Managing Director & Chief Executive Officer with immediate effect on December 22, 2025.

Saraf, who serves as Executive Director of Exide Industries Limited and was a non-executive Director of EESL, brings his experience from the parent company to lead the subsidiary's operations during this transition period.

About Exide Energy Solutions Limited

EESL, incorporated on March 24, 2022, operates in the manufacturing and selling of lithium-ion battery cells, modules and packs for India's electric vehicle market and stationary applications. The subsidiary is currently establishing a greenfield plant at Bengaluru for its lithium-ion battery manufacturing operations.

Business Focus and Strategic Investment

EESL's business encompasses manufacturing battery cells of advanced chemistry and form factors, including cylindrical, pouch, and prismatic batteries, as well as manufacturing, assembling, and selling battery modules and packs. The current equity investment in EESL on a rights basis is intended to fund the greenfield project at Bengaluru and meet various funding requirements for the subsidiary's expansion in the lithium-ion battery manufacturing sector.