26-JUL-2025- Inter alia, approved:- 1. Dividend The Board of Directors, has recommended a dividend of Rs.2/- per equity share of face value of Re. 1/- each fully paid up (i.e. 200%) for the financial year ended 3 Is , March 2025, subjectto the approval of the shareholders at the ensuing 78'h Annual General Meeting ("AGM") of the Company. Dividend, if approved by the shareholders of the Company, shall be paid within 30 days after the conclusion of the AGM to those shareholders, whose names appear in the Company's Register of Members/ Register of Beneficial Owners maintained by the Depositories viz., National Securities Depository Limited and Central Depository Services (India) Limited as at the close of business hours on I 9'h July 2025. 2. Convening of the 78th AGM The 78'h Annual General Meeting (AGM) of the Members of the Company will be held on Saturday, 26'h July 2025 through Video Conferencing ("VC") or Other Audio Visual Means ("OA VM") in accordance with relevant circulars issued by the Ministry of Corporate Affairs, Government of India and Securities and Exchange Board of India. 3. Appointment of Mr. ridhar Gorthi as Chairman In continuation to our earlier communication dated 29th April 2025 and consequent upon the retirement of Mr. Bharat D Shah as Chairman and Independent Director from the Board of the Company, the Board of Directors on the basis of the recommendation of the Nomination and Remuneration Committee at its meeting held today, have appointed Mr. Sridhar Gorthi (DIN: 00035824), Independent Director as the Chairman of the Company with effect from 30th April 2025. Mr. Sridhar Gorthi is an existing member of the Board and brings with him extensive leadership experience along with a strong background on corporate governance and legal compliance. The Board is confident that under his chairmanship, the Company will continue to progress in its strategic direction. 4. Retirement of Mr. Asisb Kumar Mukherjee as Director-Finance and and Chief Financial Officer (CFO) of the Company The Board of Directors took note of the retirement of Mr. Asish Kumar Mukherjee (DIN: 00131626) as Director-Finance and and Chief Financial Officer (CFO) of the Company w.e.f. close of business hours of 30'11 April 2025. Mr. Mukherjee, a veteran in the Company for the last 27 years, was first appointed as Director on the Board on 20th April 2007. Following the completion of his current term, he would cease to be a member of Board of Directors with effect from close of business hours of 30th April 2025. He shall also cease to be a ChiefFinancial Officer (CFO), Key Managerial Personnel (KMP) and Senior Management Personnel (SMP) of the Company The Board of Directors expressed sincere appreciation for the invaluable contribution rendered by Mr. Mukherjee during his long association with the Company. 5. Appointment of Mr Manoj Kumar Agarwal as Director Finance & Chief Financial OJficer (CFO) Based on the recommendation of the Nomination and Remuneration Committee (NRC), the Board of Directors have appointed Mr. Manoj Kumar Agarwal (DIN: 11040471) as an Additional Director with effect from I st May 2025 who shall hold office upto the date of the ensuing AGM. He is further appointed as the Whole-time Director, (designated as Director-Finance and CFO) of the Company for a period of three (3) years beginning from I st May 2025 till 30th April 2028, subject to approval of the shareholders of the Company at the ensuing AGM scheduled to be held on 26th July 2025. 6. Appointment of LAUB & LABH Associates, Company Secretaries as uditor Pursuant to SEBI Listing Regulations 2015, SEBI circular no SEBI/LAD-NRO/GN/2024/218 dated I 2th December 2024, and subject to approval of the shareholders of the Company at the ensuring annual general meeting of the Company, the Board of Directors, have appointed "LABH & LABH Associates", Company Secretaries (FRN: P2025WB I 05500) as Secretarial Auditor of the Company for one term of five (5) consecutive years commencing from FY 2025-26 to FY 2029-30. Further investment in "Exide Energy Solution ?Limited" ("EESL"). Wholly Owned SubsilHan1 of the Company This is with reference to the communications made by the Company to the Exchanges from time to time pertaining to investment in equity share capital of EESL towards setting up a green field multi-gigawatt Lithium-ion cell manufacturing facility in India. In order to meet the funding requirement, the Board has decided to further invest in the equity share capital of EESL upto an amount of Rs. 1,200 crores, in one or more tranches. 9. Change in Key Managerial Personnel {KMP) of the Company Consequent upon the appointment of Mr. Manoj Kumar Agarwal as Director-Finance & CFO and retirement of Mr. Asish Kumar Mukherjee, the revised list of Key Managerial Personnel (KMPs) of the Company with effect from I st May 2025 shall be as follows: Mr. Avik Kumar Roy Managing Director & CEO Mr Manoj Kumar Agarwal Director-Finance & CFO Mr. Jitendra Kumar Company Secretary
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