Please find letter enclosed w.r.t announcement of dividend.
EXIDEIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Exide Industries board declared a dividend of Rs. 2 per share (200% on face value of Re. 1) for FY ended March 2026, subject to shareholder approval at the 79th AGM on 10th July 2026. Record date for dividend is 3rd July 2026. Standalone revenue grew to Rs. 17,269 Crore from Rs. 16,588 Crore in FY25, while PAT increased to Rs. 1,111 Crore from Rs. 1,077 Crore. EPS for FY26 stands at Rs. 13.07. The company invested Rs. 600 Crores in Exide Energy Solutions (EESL) during Q4, taking total equity investment in EESL to Rs. 4,802 Crores. Cylindrical battery lines are expected to start customer sample delivery by Q1 FY27.
The dividend declaration signals financial health and cash generation capability, consistent with the company's strong balance sheet and zero-debt position. The 200% payout demonstrates management confidence, though investors should note the absence of comparison with prior year dividend to assess continuity.