Exide Industries Limited has informed the Exchange regarding Notice of Postal Ballot dated 30th August 2025
EXIDEIND · price
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Exide Industries has issued a Postal Ballot Notice to shareholders seeking approval for the appointment of two Whole-time Directors, designated as Executive Directors, for a three-year term from 1st September 2025 to 31st August 2028. The first appointee is Mr. Rajeev Ramesh Chand Khandelwal (DIN: 08763979), currently Senior President & Head-Trade, with over 30 years of experience at firms like P&G, Gillette, Reckitt, and RPSG Group; his basic salary is set at Rs 12,22,500 per month plus commission and performance bonus. The second appointee is Mr. Pravin Ramchandra Saraf (DIN: 10137023), currently Senior President & Head-Operations, with 35+ years of experience at Bajaj, Bosch, Endurance Technology, and Crompton Greaves; his basic salary is Rs 5,62,500 per month on similar terms. The remote e-voting window runs from 9:00 AM on 25th September 2025 to 5:00 PM on 24th October 2025, with results expected by 25th October 2025. The cut-off date for voting eligibility is 12th September 2025, and Mr. S M Gupta has been appointed as the scrutinizer.
This is a routine corporate governance exercise to formalize the appointment of two senior internal leaders to the Board, which should be viewed as neutral to mildly positive for shareholders as it strengthens the executive bench with experienced industry veterans. No material impact on share price is expected since the appointments are largely a procedural confirmation of internal elevations already in effect since September 2025.