Outcome of Board Meeting

• Security Code: 500086
• Company: EXIDEIND

Exide Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 27, 2016, inter alia, has taken the following decisions :

1. Mr. P. K. Kataky, Managing Director and Chief Executive Officer of the Company will retire from services of the Company on close of business hours on April 30, 2016. Consequently, the Board has appointed Mr. Gautam Chatterjee as Managing Director and Chief Executive Officer of the Company for a period of 3 (three) years beginning from May 01, 2016 till April 30, 2019, based on the
recommendation of the Nomination and Remuneration Committee and subject to approval of the Shareholders of the Company.

Mr. Gautam Chatterjee has been a member of the Board as an Executive Director of the Company since May 13, 1996. The Shareholders at the 66th Annual General Meeting of the Company held on July 16, 2013 approved his appointment as Joint Managing Director of the Company for a period of three years with effect from May 01, 2013 upto April 30, 2016. Since then he is heading the Automotive SBU and is driving this division for about 3 years. Prior to this, he was heading the ‘Industrial’ division and has made significant contribution towards the growth of this Division.

Mr. Gautam Chatterjee is not related to any director.

2. The Board of Directors have appointed Mr. Arun Mittal as Additional Director and Whole Time Director (designated as Director -Industrial) for a period of 3 (three) years w.e.f. May 01, 2016 based on the recommendation of the Nomination and Remuneration Committee, who shall hold office upto the ensuing Annual General Meeting of the Company.

Mr. Arun Mittal is a Fellow member of Institute of Chartered Accountants of India and an Associate member of Institute of Cost & Management Accountants of India and Institute of Company Secretaries of India. Mr. Mittal, Executive Vice President -Marketing - FMIB & Telecom of the Company has been in service of the Company since November 01, 1993. He has been in the industry for more than two decades and has experience across various functions of the Company.

Mr. Arun Mittal is not related to any director.

3. The Board of Directors have appointed Mr. Nawshir H. Mirza, Additional Director (category - Independent) as Chairman of the Audit Committee w.e.f. April 27, 2016.