Exide Industries Ltd


BSE: 500086 | NSE: EXIDEIND | ISIN: INE302A01020 
Market Cap: [Rs.Cr.] 11,654 | Face Value: [Rs.] 1
Industry: Auto Ancillaries

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Board Meet

29-Apr-13 
Final Dividend & Audited Results Exide Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 29, 2013, inter alia, to consider and approve the Audited Financial Results of the Company for the year ended March 31, 2013 and also consider recommendation of a Final Dividend, if any. Consequently, no Meeting will be held for approving the Unaudited Financial Results for the quarter ended March 31, 2013. (As per BSE Announcement Dated on 08.04.2013) Exide Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 29, 2013, inter alia, has recommended payment of a final dividend of 60% (Re. 0.60 per share on face value of Re. 1/- per share) for the financial year ended March 31, 2013, subject to approval of the shareholders at the ensuing Annual General Meeting, Consequently, the total dividend for the year ended March 31, 2013 including the interim dividend of 100% (Re. 1.00 per share on face value of Re. 1/- each) paid during the year amounts to 160% (Rs. 1.60 per share on face value of Re. 1/- each). Exide Industries Ltd has informed BSE about the following changes in the Board of Directors of the Company, which were approved by the Board of Directors at its meeting held on April 29, 2013 : 1. Mr. T. V. Ramanathan, Managing Director & CEO, will retire from the services of the Company with effect from the close of business of April 30, 2013. 2. Mr. P. K. Kataky, presently Director-Automotive, has been appointed as Managing Director & CEO with effect from May 01, 2013. 3. Mr. Gautam Chatterjee, presently Director-Industrial, has been appointed as Joint Managing Director with effect from May 01, 2013 and will head the Automotive and Submarine batteries business with effect from May 01, 2013. 4. Mr. Subir Chakraborty has been appointed as an additional and wholetime Director, designated as Director- Industrial, with effect from May 01, 2013 and will be responsible for the Industrial Battery business. In this regard, the Company has submitted to BSE a copy of Press Release regarding changes in the Board of Directors of the Company. (As per BSE Announcement Dated on 29.04.2013) 
17-Jan-13 
Exide Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 17, 2013, inter alia, to consider and approve the Unaudited Financial Results of the Company for the Quarter ended December 31, 2012. 
19-Oct-12 
Exide Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 19, 2012, inter alia, to consider and approve the Unaudited Financial Results of the Company for the quarter ended September 30, 2012 (Q2). With reference to the earlier announcement dated October 04, 2012 regarding Board Meeting to be held on October 19, 2012, to consider and approve the Unaudited Financial Results of the Company for the quarter ended September 30, 2012 (Q2), Exide Industries Ltd has now informed BSE that the Board of Directors of the Company at its Meeting scheduled to be held on October 19, 2012 will consider the proposal for payment of an Interim Dividend for the financial year ending March 31, 2013. (As Per BSE Announcement Website dated on 08.10.2012) Exide Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 19, 2012, inter alia, has approved the payment of an Interim Dividend @ 100% i.e. Re. 1.00 per equity share of Re. 1 each for the financial year 2012-2013. (As per BSE Announcement Dated on 19.10.2012) Exide Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 19, 2012, has appointed Mr. Sudhir Chand as an Additional Director to hold office till the conclusion of the next Annual General Meeting. (As per BSE Announcement Dated on 19.10.2012)  
16-Jul-12 
Exide Industries Ltd has informed BSE that a Meeting of the Board of Directors of the Company will be held on July 16, 2012, inter alia, to consider and approve the Unaudited Financial Results of the Company for the quarter ended June 30, 2012 (Q1). 
30-Apr-12 
Exide Industries Ltd has informed BSE that a Meeting of the Board of Directors of the Company will be held on April 30, 2012, inter alia, to consider and approve the Audited Financial Results and the Audited Consolidated Financial Results of the Company for the year ended March 31, 2012. At the said Meeting, the Board of Directors would also consider recommendation of a Final Dividend, if any. Exide Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 30, 2012, inter alia, has recommended payment of a final dividend of 60% (Re. 0.60 per share on face value of Re. 1/- per share) for the financial year ended March 31, 2012, subject to approval of the shareholders at the ensuing Annual General Meeting. Consequently, the total dividend for the year ended March 31, 2012 including the interim dividend of 90% (Re. 0.90 per share on face value of Re. 1/-each) paid during the year amounts to 150% (Rs. 1.50 per share on face value of Re. 1/- each). (As Per BSE Announcement Dated on 30.04.2012) 

AGM

17-Jul-12
Exide Industries Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 10, 2012 to July 17, 2012 (both days inclusive) for the purpose of Payment of Final Dividend & 65th Annual General Meeting (AGM) of the Company to be held on July 17, 2012. Exide Industries Ltd has informed BSE that the 65th Annual General Meeting (AGM) of the Company will be held on July 17, 2012. (As Per BSE Announcement Website Dated on 21/06/2012) Exide Industries Ltd has informed BSE that Mr. H. M. Kothari, Non-Executive Director, retired by rotation at the Annual General Meeting of the Company held on July 17, 2012 and did not seek re-appointment (As Per BSE Anouncement Website Dated on 18/07/2012) Exide Industries Ltd has informed BSE that at the Annual General Meeting of the Company held on July 17, 2012, Mr. T. V. Ramanathan has been reappointed as the Managing Director and Chief Executive Officer of the Company for a period of one year with effect from May 01, 2012 upto April 30, 2013. (As Per BSE Announcement Websitw Dated on 23/07/2012) Exide Industries Ltd has informed BSE regarding the Voting Results at the Annual General Meeting (AGM) of the Company was held on July 17, 2012, under Clause 35A. (AsPer BSE ANnouncement Website Datedon 24/07/2012) Exide Industries Ltd has submitted to BSE a copy of Minutes of the 65th Annual General Meeting (AGM) of the Company held on July 17, 2012. (As Per BSE Announcement Website Dated on 02/08/2012) Exide Industries Ltd has informed BSE that Messrs S. R. Batliboi & Co., Chartered Accountants, did not seek reappointment as Auditors of the Company at the Annual General Meeting of the Company held on July 17, 2012. At the said Meeting the shareholders appointed Messrs S. R. B. C. & Co., Chartered Accountants, a network firm of Messrs S. R. Batliboi & Co., as Auditors of the Company to hold office till the conclusion of the next Annual General Meeting. Messrs S. R. B. C. & Co., Chartered Accountants has accepted such appointment by their letter dated July 31, 2012. (As Per BSE Announcement Website Dated on 7/08/2012) 
21-Jul-11
Exide Industries Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 16, 2011 to July 21, 2011 (both days inclusive) for the purpose of Payment of Final Dividend & 64th Annual General Meeting (AGM) of the Company to be held on July 21, 2011. Exide Industries Ltd has informed BSE that Mr. S. N. Mookhrjee, Non-Executive Director of the Company, has retired from the Board of Directors after the conclusion of the Annual General Meeting of the Company held on July 21, 2011, since he did not seek re-appointment due to personal reasons. (As Per BSE Announcement Website dated on 10.08.2011) Exide Industries Ltd has informed BSE that the 64th Annual General Meeting (AGM) of the Company was held on July 21, 2011 inter alia, have accorded the following: 1. Adoption of the Profit and Loss Account for the year ended March 31, 2011, the Balance Sheet as at that date and the Reports of the Directors and Auditors thereon. 2. Declaration of a dividend at the rate of Re. 0.60 per equity share of Re. 1.00 each for the year ended on March 31, 2011. 3. Re-appointment of Mr. R. B. Raheja & Mr. W. Wong as Directors of the Company. 4. Re-appointment of Messrs S. R. Batliboi & Co., Chartered Accountants as auditors of the Company to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company on remuneration, terms & conditions. 5. Appointment of Mr. Nadeem Kazim as a Director of the Company. (As Per BSE Announcement Dated on 19.08.2011) 
14-Jul-10
Exide Industries Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 06, 2010 to July 14, 2010 (both days inclusive) for the purpose of 63rd Annual General Meeting (AGM) of the Company to be held on July 14, 2010. Exide Industries Ltd has informed BSE that the members at the 63rd Annual General Meeting (AGM) of the Company held on July 14, 2010, inter alia, have accorded to the following: 1. Adoption of the Profit and Loss Account for the year ended March 31, 2010, the Balance Sheet as at that date and the Reports of the Directors and the Auditors thereon. 2. Declaration of final dividend at the rate of Rs 0.40 per equity share of Re 1.00 each for the year ended March 31, 2010. 3. Re-appointment of Mr. R G Kapadia & Mr. S B Raheja & Mr. H M Kothari as Directors of the Company. 4. Re-appointment of Messrs. S R Batliboi & Co., Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions. 5. Appointment of Ms. Mona N Desai as a Director of the Company. 6. Re-appointment of Mr. T V Ramanathan as Managing Director and Chief Executive Director of the Company for a period of two years with effect from May 01, 2010 upto April 30, 2012, on remuneration, terms & conditions. 7. Appointment of Mr. P K Kataky, Director - Automotive with effect from May 01, 2010 upto April 30, 2012, on remuneration, terms & conditions. 8. Appointment of Mr. A K Mukherjee, Director - inance and Chief Financial Officer with effect from May 01, 2010 upto April 30, 2012, on remuneration, terms & conditions. (As Per BSE Announcement Website dated on 07.08.2010) 
17-Jul-09
Exide Industries Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 10, 2009 to July 17, 2009 (both days inclusive) for the purpose of 62nd Annual General Meeting (AGM) of the Company to be held on July 17, 2009. Exide Industries Ltd has informed BSE that the members at the 62nd Annual General Meeting (AGM) of the Company held on July 17, 2009, inter alia, have accorded to the following: 1. Adoption of the Profit and Loss Account for the year ended March 31, 2009, the Balance Sheet as at that date and the Reports of the Directors and the Auditors thereon. 2. Declaration of dividend at the rate of Rs 0.20 per equity share of Re 1/- each for the year ended March 31, 2009. 3. Re-appointment of Mr. Bhaskar Mitter & Mr. S N Moorkherjee & Mr. Vijay Aggarwal as Directors of the Company. 4. Re-appointment of Messrs. S R Batliboi & Co., Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this Meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions. (As Per BSE Announcement Dated on 06/08/2009) 
25-Jul-08
Exide Industries Ltd has informed BSE that the Annual General Meeting (AGM) of the Company is to be held on July 25, 2008. 

EGM

06-Jan-05
EGM 06/01/2005 For obtaining the approval of the shareholders for allotment of equity shares to ForeignInstitutional Investors and /or Mutual Funds and/or such other investors as the Board maydeem fit on a private placement basis. The Company has informed that at the Extra Ordinary General Meeting of the Company held on January 06, 2005 the members have accorded to the Board to offer, issue and allot upto 3,779,324 equity shares and / or instruments convertible into equity share, and /or equity linked instruments at a price of Rs 153/- per share determined in accordance with Securities and Exchange Board of India (SEBI) guidelines as of the relevant date i.e. December 07, 2004 based on the price quoted on the National Stock Exchange of India Ltd, for issue of shares to Foreign Institutional Investors and / or Mutual Funds, and / or such other investors as the Board may deem fit on a private placement basis. (As per BSE BUlletin dated on 06/01/2005) Reg7(3)&Reg13(6)of SEBI Subs. Acq & Takeovers & Insider Trading Exide Industries Ltd. has informed the Exchange that in terms of the Special Resolution passed by the Shareholders of the Company at their EGM held on January 06, 2005, the BOD's of the Company at its meeting held on January 10, 2005, allotted 3,779,324 equity shares of the Company of the face value of Rs.10/- each to Aranda Investments (Mauritius) Pte Ltd., a Foreign Institutional Investor, at a premium of Rs.143/- per share on a private placement basis.The mode of acquisition is Preferential Allotment.The shareholding of Aranda Investments (Mauritius) Pte. Ltd. after the said acquisition is 3,779,324 shares aggregating to 5.04% of the total paid up capital of Exide Industries Limited. (As per NSE Bulletin dated on 14/01/2005) 

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Bosch 28,562.70 32.38 5.12 16.58 18.6 23.9 0.05
Motherson Sumi 12,598.70 26.82 7.80 13.29 27.8 24.4 0.76
Exide Inds. 11,653.50 22.29 3.43 16.72 16.1 22.3 0.00
Amara Raja Batt. 4,170.94 14.24 3.94 6.38 29.3 38.4 0.13
WABCO India 2,993.78 22.89 4.61 12.28 33.5 45.9 0.00
Amtek India 2,690.85 20.07 1.33 9.28 8.0 9.5 1.22
Amtek Auto 1,812.19 6.76 0.41 7.47 6.7 7.6 0.84
Bosch Chassis 1,238.98 45.81 3.19 0.00 7.2 9.8 0.09
Federal-Mogul Go 1,135.13 0.00 2.85 17.24 -2.3 3.9 0.43
Wheels India 778.00 23.17 3.24 5.47 15.0 21.1 1.57
Minda Corp 617.44 18.71 2.48 1.56 19.2 17.1 0.37
Sundaram Clayton 597.24 16.86 2.04 5.79 18.7 14.1 1.38
Fairfield Atlas 583.15 20.37 5.08 7.38 43.8 42.8 0.57
Shanthi Gears 441.59 28.60 1.71 3.70 11.8 17.7 0.01
Suprajit Engg. 414.00 9.56 3.23 4.46 34.7 35.9 0.57

Futures & Options Quote

 
Expiry Date
136.95 3.05  [2.2]%
Instrument: FUTSTK
Expiry Date: 30 May 2013
Open Price: 138.70
Average Price: 137.37
No. of Contracts Traded: 568,000
Open Interest: 1,700,000
Underlying: EXIDEIND
Market Lot: 2000
Previous Close: 136.95
Day’s High | Low: 139.45 | 135.00
Turnover (Cr.): 7.80
Open Int. Change: -176,000.00 ( [9.4]% )
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Key Information

Key Executives:

R G Kapadia , Chairman & Non Executive Dir.  

R B Raheja , Vice Chairman & Non executive  

G Chatterjee , Joint Managing Director  

P K Kataky , Managing Director & CEO  


Company Head Office / Quarters:
Exide House,
59E Chowringhee Road,
Kolkata,
West Bengal-700020
Phone : 91-33-22832636/150/151/120/133/136
Fax : 91-33-22832637/22832642
E-mail : cosec@exide.co.in
Web : http://www.exideindustries.com
Registrars:
CB Management Services (P) Ltd
P-22
Bondel Road

Kolkata - 700 019

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