The battery manufacturer has deferred its scheduled October 30 board meeting following an ongoing Income Tax department survey at its offices and manufacturing facilities across India since October 29.
30 Oct 2025 | 6857 Views | By Sarthak Mahajan
Exide Industries Limited has postponed its board meeting that was scheduled for today, citing an ongoing Income Tax department survey at the company's premises across India.
The survey, which commenced on October 29, 2025, is being conducted at Exide's offices and manufacturing units throughout the country. The company has ...
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Exide Industries Limited has postponed its board meeting that was scheduled for today, citing an ongoing Income Tax department survey at the company's premises across India.
The survey, which commenced on October 29, 2025, is being conducted at Exide's offices and manufacturing units throughout the country. The company has informed stock exchanges that the proceedings are currently underway and that it is extending full cooperation to the department.
The board meeting was originally convened to consider and approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. The company has stated it will announce a revised date for the meeting in due course.
In its official communication to the BSE, NSE, and Calcutta Stock Exchange, Exide clarified that there is currently no material impact on the company's business operations due to the tax department's action.
The company has also confirmed that the trading window for its securities will remain closed until 48 hours after the declaration of financial results for the quarter and half-year ended September 30, 2025, as per SEBI regulations on insider trading.
Exide Industries, one of India's leading battery manufacturers, had previously announced the board meeting date on September 25, 2025. The company has assured stakeholders that any further material updates requiring intimation under SEBI Listing Regulations will be disclosed in accordance with regulatory provisions.
Company Secretary and President (Legal & Corporate Affairs) Jitendra Kumar signed the official communication to the stock exchanges on behalf of Exide Industries Limited.