Exide Industries Limited has informed the Exchange regarding Appointment of Mr Pravin Ramchandra Saraf as Executive Director of the company w.e.f. September 01, 2025.
EXIDEIND · price
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Exide Industries' Board, at its meeting on August 30, 2025, approved the appointment of two new Executive Directors effective September 1, 2025. Mr. Rajeev Ramesh Chand Khandelwal (DIN: 08763979) and Mr. Pravin Ramchandra Saraf (DIN: 10137023) have been appointed as Whole-time Directors for a 3-year term ending August 31, 2028. Both are internal promotions — Mr. Khandelwal currently heads the Trade business and brings 30+ years of FMCG experience from P&G, Gillette, Reckitt and RPSG Group, while Mr. Saraf heads Operations and Manufacturing with 35+ years of experience at Bajaj, Bosch, Endurance and Crompton Greaves. Neither director is debarred from holding office by any SEBI or other authority. The appointments are subject to shareholder approval, which will be sought via Postal Ballot with a cut-off date of September 12, 2025.
This is a routine internal succession move that strengthens the top management bench. Since both appointees are existing senior leaders at Exide, continuity in strategy is expected. No immediate impact on stock price is anticipated, though shareholder approval via postal ballot will be a procedural event to watch.