Exide Industries Limited has informed the Exchange regarding 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 two new Executive Directors effective September 1, 2025. Mr. Rajeev Khandelwal and Mr. Pravin Saraf will serve as Whole-time Directors (designated Executive Directors) for a 3-year term ending August 31, 2028, subject to shareholder approval via postal ballot. Both are internal promotions — Mr. Khandelwal was Senior President & Head-Trade, and Mr. Saraf was Senior President & Head-Operations, having joined the senior management in late 2024. The cut-off date for shareholder e-voting has been fixed as September 12, 2025.
This is a routine internal succession move that elevates two experienced senior leaders to the board, bringing continuity in trade and operations. No material governance red flags or financial impact — shareholder approval will be sought through postal ballot.