Exide Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 26, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report.
EXIDEIND · price
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Exide Industries held its 78th AGM on July 26, 2025, through video conferencing, where all seven resolutions were passed with overwhelming shareholder support. Shareholders approved FY25 audited financial statements and a final dividend of Rs. 2 per share (200% on face value of Rs. 1). They also cleared the reappointment of R B Raheja (98.49% in favour), the appointment of Manoj Kumar Agarwal as Whole-time Director (Finance) and CFO for three years from May 1, 2025, and a revision in MD & CEO Avik Kumar Roy's remuneration. New Secretarial Auditor (Labh & Labh Associates) appointment and Cost Auditor remuneration ratification were also approved with over 99.9% support. Around 167 members attended and 17 shareholders raised queries spanning EV readiness, lithium-ion cell manufacturing, capex plans, and ESG initiatives.
Investors have a confirmed Rs. 2 per share dividend, continued leadership under Avik Kumar Roy as MD & CEO, and a new CFO in place. All resolutions passed comfortably, though marginally lower support for the Raheja reappointment and CEO pay revision suggests some institutional investors pushed back, a mild watch-out for governance-sensitive shareholders.