Exide Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on August 30, 2025.
EXIDEIND · price
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Exide Industries' board, at its meeting on August 30, 2025, approved the appointment of Mr. Rajeev Khandelwal and Mr. Pravin Saraf as Additional Directors and Whole-time Directors (designated as Executive Director) for a three-year term from September 1, 2025 to August 31, 2028, subject to shareholder approval via postal ballot. Both appointees are existing senior leaders at Exide — Khandelwal has been Senior President & Head-Trade since November 2024, while Saraf has been Senior President & Head-Operations since October 2024. Their promotions formalise their roles on the board, bringing operational and commercial expertise from prior stints at companies like Bajaj, Bosch, Endurance, Crompton Greaves, P&G, and RPSG Group. No resignations, CEO/CFO changes, or governance issues were disclosed in the filing.
This is an internal elevation of two senior executives to the board, which brings continuity in trade and operations leadership. The appointments are subject to shareholder approval via postal ballot with a cut-off date of September 12, 2025; near-term stock impact is expected to be neutral.