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Exide Industries informs about change in KMP of wholly owned subsidiary company

23 Dec 2025 Evaluate
Exide Industries has informed that Mandar V Deo, Managing Director & Chief Executive Officer (MD & CEO) of Exide Energy Solutions Limited (EESL), a material wholly owned subsidiary of Exide Industries Limited (EIL), has resigned on 22nd December 2025. The Nomination & Remuneration Committee (NRC) and the Board of the Directors (BOD) of 'Exide Industries Limited' took note of the resignation and recommended to appoint Pravin Ramchandra Saraf (DIN: 10137023), Executive Director of EIL as Managing Director (MD) & CEO of EESL. The Board of the Directors of EESL on 22nd December 2025, accepted the resignation of Mandar Deo and have approved the appointment of Pravin Ramchandra Saraf, Executive Director, EIL and non-executive Director - EESL, as MD & CEO of EESL with immediate effect. On 23rd December 2025, Ell has invested Rs 1,80,00,00,000 by way of subscription in the equity share capital of its wholly owned subsidiary, EESL on rights basis. With this investment, the total investment made by the Company in EESL stands to Rs 4,202.23 crore. There is no change in the shareholding percentage of the Company in EESL pursuant to such an acquisition. The detailed disclosure required under Regulation 30 read with para A of Part A of Schedule Ill of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations) and SEBI Master Circular No. SEBI/HO/CFD/PoO2/CIR/P/0 155 dated 11th November 2024 is enclosed.

The above information is a part of company’s filings submitted to BSE.

Exide Inds Share Price

332.65 3.15 (0.96%)
21-Apr-2026 09:41 View Price Chart
Peers
Company Name CMP
Exide Inds 332.65
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