The Board of Directors approved the Standalone and Consolidated Audited Financial Results for the quarter and year ended 31st March 2025.
Standalone Financial Highlights (Year Ended 31st March 2025):
Revenue from operations: ₹16,588.11 crore (compared to ₹16,029.19 crore in the previous year).
Total income: ₹16,684.27 crore (compared to ₹16,113.73 crore in the previous year).
Profit after tax: ₹1,076.93 crore (compared to ₹1,052.96 crore in the previous year).
Earnings per share (Basic & Diluted): ₹12.67 (compared to ₹12.39 in the previous year).
Dividend Recommendation: The Board recommended a dividend of ₹2/- per equity share of face value ₹1/- each (i.e., 200%) for the financial year ended 31st March 2025, subject to shareholder approval at the upcoming AGM.
The dividend, if approved, will be paid within 30 days after the conclusion of the AGM to shareholders whose names appear in the register as of the close of business hours on 19th July 2025.
Annual General Meeting (AGM): The 78th AGM will be held on Saturday, 26th July 2025, via Video Conferencing (VC) or Other Audio Visual Means (OAVM).
Board Changes:
Mr. Bharat D Shah retired as Chairman and Independent Director.
Mr. Sridhar Gorthi has been appointed as the Chairman of the Company with effect from 30th April 2025.
Mr. Asish Kumar Mukherjee retired as Director-Finance and Chief Financial Officer (CFO) w.e.f. close of business hours on 30th April 2025.
Mr. Manoj Kumar Agarwal has been appointed as an Additional Director and Whole-time Director (Director-Finance and CFO) for a period of three years from 1st May 2025 till 30th April 2028, subject to shareholder approval at the AGM. Mr. Agarwal is a Chartered Accountant and Company Secretary with over 30 years of experience, who joined the company as Deputy CFO on 2nd February 2023.
Secretarial Auditor: LABH & LABH Associates have been appointed as Secretarial Auditor for five consecutive years from FY 2025-26 to FY 2029-30, subject to shareholder approval.
Investment in Subsidiary: The Board decided to further invest up to ₹1,200 crore in the equity share capital of Exide Energy Solutions Limited (EESL), a wholly-owned subsidiary, in one or more tranches. This investment is intended to meet the funding requirement for setting up the green field multi-gigawatt Lithium-ion cell manufacturing facility in India.
Key Managerial Personnel (KMP): Effective from 1st May 2025, the KMPs are Mr. Avik Kumar Roy (Managing Director & CEO), Mr. Manoj Kumar Agarwal (Director-Finance & CFO), and Mr. Jitendra Kumar (Company Secretary). The Committee of Authorised Persons has been reconstituted accordingly.
The Board meeting commenced at 11:30 AM and concluded at 1:30 PM.