Exide Industries , a leading manufacturer of storage batteries and power storage solutions, has announced plans to expand its board with the appointment of two new Executive Directors. The company has issued a postal ballot notice seeking shareholder approval for these key appointments, which are aimed at strengthening its leadership team and enhancing operational expertise.

Proposed Appointments

The company is seeking to appoint:

1. Mr. Rajeev Ramesh Chand Khandelwal as Executive Director
2. Mr. Pravin Ramchandra Saraf as Executive Director

Both appointments are proposed for a three-year term, from September 1, 2025, to August 31, 2028, subject to shareholder approval.

Rajeev Ramesh Chand Khandelwal

Mr. Khandelwal, who joined Exide Industries in November 2024 as Senior President & Head-Trade, brings over 30 years of experience in growing brands and building successful businesses. His proposed role includes:

• Responsibility for marketing, sales, and service functions of the company's Trade business
• Strategic oversight and operational execution of trade sales across Mobility, Reserve Power, and Last Mile connectivity verticals

Mr. Khandelwal's proposed remuneration includes:

Pravin Ramchandra Saraf

Mr. Saraf, appointed as Senior President & Head-Operations in October 2024, has 35 years of experience with organizations including Bajaj, Bosch, and Crompton Greaves. His proposed responsibilities encompass:

• Overseeing functions related to Manufacturing, Supply Chain Management, Operational Excellence, Projects, and Research & Development
• Strategic planning, execution, and continuous improvement initiatives

Mr. Saraf's proposed remuneration package includes:

Voting Process

Exide Industries has engaged the services of National Securities Depository Limited (NSDL) to provide remote e-voting facilities for shareholders. The voting period is scheduled as follows:

• Commencement: September 25, 2025, at 9:00 AM IST
• Conclusion: October 24, 2025, at 5:00 PM IST

Results of the postal ballot are expected to be declared by October 25, 2025.

Board Composition

Currently, the Exide Industries Board comprises seven members. The proposed appointments aim to broaden the Board's composition and ensure an optimal balance between Executive and Non-Executive representation.

These strategic appointments reflect Exide Industries' commitment to strengthening its leadership team with experienced professionals who can contribute to the company's growth and operational excellence. Shareholders will play a crucial role in approving these appointments, which could significantly impact the company's future direction and performance in the competitive battery and power storage solutions market.

Exide Industries , a leading battery manufacturer in India, could potentially benefit from a new government initiative aimed at promoting critical mineral recycling processes. Recent reports suggest that the government is considering an incentive program to boost the recycling of critical minerals, a move that could have significant implications for companies in the battery sector.

Potential Government Incentives

The Indian government is reportedly exploring the possibility of introducing an incentive program specifically targeted at critical mineral recycling processes. This development could signal a shift in policy towards promoting sustainable practices in the battery manufacturing industry.

Implications for Exide Industries

As a major player in the battery manufacturing sector, Exide Industries stands to potentially benefit from such an incentive program. The company's involvement in battery production and recycling aligns closely with the government's reported focus on critical mineral recycling.

Critical Minerals in Battery Manufacturing

Critical minerals play a crucial role in battery manufacturing, and their recycling is becoming increasingly important due to supply constraints and environmental concerns. Some of the critical minerals commonly used in batteries include:

• Lithium
• Cobalt
• Nickel
• Manganese
• Graphite

Recycling these minerals can help reduce dependence on raw material imports, lower production costs, and minimize environmental impact.

Industry Impact

If implemented, the incentive program could have far-reaching effects on the battery industry in India:

1. Increased Recycling Capacity: Companies may be encouraged to invest in and expand their recycling facilities.
2. Cost Reduction: Improved recycling processes could lead to reduced production costs in the long term.
3. Environmental Benefits: Enhanced recycling efforts would contribute to a more sustainable and circular economy.
4. Competitive Advantage: Companies with established recycling capabilities, like Exide, might gain a competitive edge.

While the details of the potential incentive program are yet to be announced, the news has generated interest in the industry. Stakeholders will be closely watching for further developments and official announcements from the government regarding this initiative.

As the situation evolves, Exide Industries and other players in the battery sector may need to assess their strategies and potentially align their operations to capitalize on the proposed incentives for critical mineral recycling.