Exide Industries Ltd has confirmed that an income tax survey is underway at its offices, prompting the postponement of its scheduled board meeting on 30 October 2025. The company stated that there is no material impact on its business operations and is fully cooperating with the authorities.
Company Update
Exide Industries Ltd, a leading battery manufacturer in India, has announced that the Income Tax Department is conducting a survey at its corporate premises. In light of the ongoing proceedings, the company has deferred its board meeting originally scheduled for 30 October 2025. Despite the regulatory development, Exide has assured stakeholders that its operations remain unaffected and business continuity is intact.
Major Takeaways
- Income Tax Department initiated a survey at Exide Industries’ offices
- The board meeting scheduled for 30 October 2025 has been postponed
- The company emphasized that there is no material impact on its operations
- Exide is extending full cooperation to the authorities during the proceedings
- Routine business activities and customer services continue without disruption
Notable Updates
- Exide Industries remains committed to maintaining transparency and regulatory compliance
- The company has not disclosed further details pending the outcome of the survey
- Investors and stakeholders are advised to await formal updates following the rescheduled board meeting
Sources: Moneycontrol, Financial Express, Trendlyne, BSE Corporate Filings