Exide Industries Limited — Others, 02-07-2025: Shareholders meeting

Exide Industries has recommended a final dividend of ₹2.00 per equity share for FY 2024-25, payable upon shareholder approval at the 78th AGM. The standalone revenue rose 3.5% to ₹16,588 Cr, driven by growth in automotive replacement, Industrial-UPS trade, and solar verticals, while auto OEM, industrial infrastructure, and HUPS markets remained soft. Profit after tax was ₹1,077 Cr. The company maintains a zero-debt balance sheet, with ₹1,223 Cr capex invested over three years focusing on capacity, productivity, green technologies, and digital transformation. It uses 75% recycled lead and 16% recycled plastics in products, aligning with circular economy principles. Its lithium-ion cell manufacturing subsidiary, Exide Energy Solutions Ltd (EESL), received ₹1,000 Cr equity infusion during the year, with total investment at ₹3,602 Cr; the 12 GWh cell plant’s commercial production is expected by FY 2025-26. Exide reported a 20% renewable energy share in its energy mix, enhanced by wind and solar capacity additions. The company’s robust governance includes a majority-independent board, a whistleblower mechanism, and comprehensive risk management that covers strategic, compliance, cybersecurity, and ESG risks. CSR initiatives positively impacted over 3.75 lakh beneficiaries, focusing on education, healthcare, employability, environmental stewardship, and community empowerment. Operations span domestic and international markets, with presence in over 60 countries and a diversified product portfolio covering automotive, industrial, reserve power, solar solutions, and submarine batteries. The company is enhancing digital customer engagement through apps and remote monitoring, supporting after-sales service and dealer productivity. Overall, Exide shows resilience amid global uncertainties while proactively investing in sustainable growth and emerging technologies to meet evolving energy storage and mobility needs.