The Indian government is reportedly contemplating the introduction of an incentive program aimed at promoting critical mineral recycling processes, a move that could have implications for companies in the battery and energy storage sector, including Amara Raja Batteries Ltd.

Potential Incentive Program

According to recent reports, the government is exploring ways to encourage the recycling of critical minerals. This initiative, if implemented, could mark a significant step towards sustainable resource management and circular economy practices in India's rapidly growing renewable energy and electric vehicle sectors.

Implications for Amara Raja

While specific details about the proposed incentive program and Amara Raja's potential involvement remain unclear, the news has drawn attention to the company's position in the market. Amara Raja, a leading manufacturer of industrial and automotive batteries, could potentially benefit from such an initiative, given its involvement in the battery industry.

Critical Minerals in Focus

Critical minerals, which include elements like lithium, cobalt, and nickel, are essential components in modern battery technologies. Recycling these minerals not only helps in conserving resources but also reduces the environmental impact of battery production and disposal.

Industry Outlook

The government's consideration of this incentive program reflects the growing importance of sustainable practices in the energy storage sector. As India pushes towards electrification and renewable energy adoption, efficient recycling of critical minerals could become a crucial factor in the industry's long-term sustainability and competitiveness.

While the exact structure and implementation details of the proposed incentive program are yet to be revealed, industry stakeholders, including companies like Amara Raja, will likely be watching these developments closely. The potential introduction of such incentives could influence future strategies and investments in the battery and energy storage sector.

As more information becomes available, it will be clearer how this initiative might shape the landscape for critical mineral recycling and its impact on key players in the industry.

Amara Raja Energy & Mobility Limited , a leading player in the energy and mobility solutions sector, has announced the appointment of Ms. Radhika Shapoorjee as an Independent Director to its board. The appointment was approved by shareholders at the company's 40th Annual General Meeting held on August 14, 2025.

Ms. Shapoorjee, who holds the Director Identification Number (DIN) 03559547, brings a wealth of experience to her new role. Her appointment strengthens the company's board and aligns with its commitment to maintaining strong corporate governance practices.

Key Points of the Appointment

• Shareholder Approval: The appointment received the backing of shareholders at the 40th AGM, indicating confidence in Ms. Shapoorjee's capabilities.

• Independence Criteria: Ms. Shapoorjee meets all the necessary criteria for appointment as an Independent Director under applicable statutes.

• No Related Party: The company confirmed that Ms. Shapoorjee is not related to any Directors or Key Managerial Personnel of Amara Raja Energy & Mobility Limited.

• Regulatory Compliance: Ms. Shapoorjee has confirmed that she has not been debarred from holding the position of director by the Securities and Exchange Board of India (SEBI) or any other regulatory authority.

Company Performance

The appointment comes at a time when Amara Raja Energy & Mobility is showing strong financial performance. In the first quarter of the fiscal year 2026, the company reported:

• Revenue from operations of ₹3,401.08 crore, up from ₹3,060.07 crore in the previous quarter.
• A profit before tax of ₹228.92 crore, compared to ₹212.62 crore in the preceding quarter.
• Earnings per share (EPS) of ₹9.00, an increase from ₹8.83 in the previous quarter.

Segment Performance

The company's financial results reveal strong performance across its business segments:

Management Commentary

Mr. Jayadev Galla, Chairman and Managing Director of Amara Raja Energy & Mobility, commented on the company's performance, stating, "Amidst the ongoing geopolitical tensions and global turmoil, we have seen significant growth in revenue and profits quarter on quarter. The Lead Acid Business continues to deliver strong results with good traction from various segments, while the New Energy Business continues to grow, with the construction of our giga factory progressing as per our projections."

The appointment of Ms. Radhika Shapoorjee as an Independent Director is expected to bring fresh perspectives to Amara Raja Energy & Mobility's board as the company continues its growth trajectory in the dynamic energy and mobility solutions market.