Eveready Industries India Limited has informed the Exchange regarding Appointment of Mr. Rakesh Ramachandaran & Mr. Anand Singh as Senior Management Personnels of the company w.e.f. May 10, 2025.
EVEREADY · price
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Eveready Industries' Board met on May 9, 2025 and approved several items. For FY25, standalone revenue rose modestly to Rs. 1,343.92 crores from Rs. 1,314.16 crores, while profit after tax jumped to Rs. 82.38 crores from Rs. 66.73 crores (up ~23% YoY), with EPS at Rs. 11.33 vs Rs. 9.18. The Board recommended a dividend of Rs. 1.50 per share (30%) aggregating Rs. 10.90 crores, subject to shareholder approval. Mr. Anirban Banerjee, currently Senior VP & SBU Head (Batteries, Flashlights & Lighting), was promoted internally as the new CEO effective May 10, 2025. MKB & Associates was appointed as Secretarial Auditor for 5 years (FY26-FY30). Two existing VPs — Mr. Rakesh Ramachandaran (Institutional Business) and Mr. Anand Singh (Technology & Innovation) — were designated as Senior Management Personnel. The statutory auditor flagged the ongoing CCI penalty of Rs. 171.55 crores (under NCLAT appeal) as an emphasis of matter with no provision made.
Strong earnings growth of ~23% in PAT and a 30% dividend are clearly positive for shareholders. Internal CEO promotion suggests leadership continuity with no strategic disruption. The Rs. 171.55 crore CCI penalty remains a contingent liability overhang but is stayed and under appeal, limiting immediate risk.