AGM Details and Regulatory Compliance
Exide Industries issued notice for its 79th AGM scheduled for July 10, 2026, to be conducted via video conference. The meeting will address adoption of financial statements, declaration of final dividend of ₹2 per share (200%), reappointment of directors, and ratification of auditor remuneration. The Integrated Annual Report includes the mandatory Business Responsibility and Sustainability Report (BRSR) as required under SEBI Regulation 34(2)(f), demonstrating comprehensive regulatory compliance.
Financial Performance Highlights
For FY 2025-26, Exide reported standalone revenue of ₹17,269 crore with 4.1% YoY growth, PAT of ₹1,111 crore (3.2% growth), and EPS of ₹13.07. The company maintained a zero-debt balance sheet with strong operating cash flow of ₹2,231 crore. Capital work-in-progress totaled ₹3,938 crore, primarily for the lithium-ion cell manufacturing project. The board recommended a final dividend of ₹2 per share, totaling ₹170 crore payout.
Strategic Initiatives and Investments
Exide invested ₹1,500 crore in its lithium-ion subsidiary Exide Energy Solutions Limited (EESL) during FY26, taking cumulative investment to ₹4,802 crore. The Bengaluru gigafactory is advancing with cylindrical line under internal validation and prismatic line commissioning targeted for FY 2026-27. Sample deliveries are expected in coming months with initial commercial dispatches planned for FY27. The company also strengthened circular economy initiatives through Chloride Metals Limited, which supplied ~50% of lead requirements with 79% recycled lead usage.
ESG Performance and Sustainability
Exide demonstrated strong ESG performance with 24%+ renewable energy mix, 15.6% YoY reduction in emissions intensity, and 8.3% reduction in waste to landfill. The company impacted 405,000+ lives through CSR initiatives and maintained zero fatalities with LTIFR of 0.02. Sustainability ratings improved with EcoVadis Bronze medal (top 14% in battery manufacturing) and S&P Global CSA score of 65 (top 5% in auto components). The multi-tiered ESG governance structure reports to the Board's Risk Management Committee.
Independent Assurance and Verification
SGS India provided three independent assurance reports covering BRSR Core (reasonable assurance), Integrated Annual Report (limited assurance), and GHG inventory. Verified emissions data showed Scope 1 at 32,862 tCO2Eq, Scope 2 at 300,264 tCO2Eq, and Scope 3 at 776,611 tCO2Eq. The assurance covered 9 material ESG attributes including GHG emissions, water management, energy consumption, waste management, and diversity metrics across all manufacturing facilities.
Subsidiary Performance and Future Outlook
Chloride Metals Limited reported ~5% revenue growth and 134% EBITDA growth with increased recycled lead production. Exide faces risks from geopolitical uncertainties affecting exports, input cost volatility, technology transition in battery industry, and competitive pressures. The company remains focused on its lithium-ion commercialization timeline and maintaining leadership in the evolving energy storage landscape while adhering to all regulatory requirements and sustainability commitments.