Exi Araty sed by - INDUSTRIES LIMITED www. safalniveshak. com (Vishal Khandelwal) | ® LEADING WITH ENERGYMost ip. ting ~& business MusT do iscal Cu Fe CRT CSET Ge nee ——— WE LEAD WITH ENERGY AND _ INFUSE DYNAMISM FOR A NATION ON THE MOVE.ucts cover a wide spectrum of hing people's lives across lobally. We are also Our prod applications, touc more than 39 countries gl the largest power Storage solutions company in South East Asia. ee | from our core values. \@ + personal Integrity & Commitment providing credible value addition to customers, employees and shareholders, while: simultaneously @ being recognised by sotietyasa = 4 responsible corporate citizen. In, addition, achieving operational excellence while addressing and taking steps towards ‘environmental protection: : Ty Strive to carefully balance the interest ‘of all stakeholders; to fulfil aspiration ‘of the employees and to passionately. pursue excellence without deviating CORE VAI Fundamental axioms that the organisation believes im and which the: people respect and work towards. Customer Orientation “Teamwork and Mutual Support Employee Development and Involvement ‘Striving for Excellence ~ Management by Processes 2nd F 5 responsible Corporate Citizenshipfuide | Justries Limited - i AW Tr Case You tnoght it ° WIDE RANGE OF APPLICATIONS! Obeuwk eo ce — a a E AUTOMOTIVE TWO WHEELERS OTHER AUTOMOTIVE + Passenger Vehicles + MC Conventional + Lrlon Hybrid Vehicles + Automotive Stop Start + Motorcycle MF + Generator Starting + commercial Vehicles + MC VRLA, + Flat Plate GEL + Tractors +E Bike MOTIVE POWER ‘STANDBY RAILWAYS + Power + Train Lighting & Air-Conditioning + Telecom + electric Multiple Units + uPs + Diesel Loco starters + miner's Cap Lamp + inverter + signalling & Telecom + Submarine ~ Type Il i NON CONVENTIONAL ENERGY + Solar Statutory Reportssins ® AR? Amayor Rap A DECADE IN RETROSPECT CARI Ms gales - 147. (Ruan Raja 314) Nek probit - 217. (AR ~ 397.) Highest ia 19, 17% Growth in Operating Profit (EBIDTA) 20% Growth in Net Profit 9g 5% irowth in Market pitalisation 0% fowth in Revenue 20% Growth in PBT th Figures indicate CAGR 4 yeous 2005-06 2006-07 2007-08 2006-09 200570 o1on aor 200-3 2004S "sea OOCSCDCSCS eo om so 11 15550 28hS 766g UNNI NSA rr a ae 1343-207" 330 355 6.69 784 SA 615 573 642 tare Stet Net Fixed Assets** 408 455 565, 653, 685, 8% 967 1028, 1025 1168 Investments m9 8 58 668 1335, 1378 1555, 1640, ‘1967 1896 ees en ed rea otibity 3 6 6 4 8 8 8 8 ws ms iBook Value Per Share (Rs.) *** 6n 87 237 G2 57% «3194 35.67 39994362 AA ASNNNBOMNNIGNN 287 ak Tes Lee SD TOW ang- 267. (AR OFF) Baers S-yrawg- 147. (AR-24/-) | ada Roe 30-5] 30-3 [26-8 HAR CaM & 2x ROE of Eide é z g 6 Financiat Statements|_ ese Maurer ene 7 Highest eut ca l0yys. Does it suggest lock of peasy +o avert mw cove buses ? But AR is investing ow Lot (payout of 457)? se DIVIDEND PAYOUT \ CONTRIBUTION TO THE EXCHEQUER (as % of PAT) (sin crore) ‘aA 4 06-07 (RRR, 731 05-06 SHAREHOLDERS FUNDS EARNINGS PER SHARE (fs. in Crore) (Rs) ‘CUE. 6.69 EEE 7.84 ee, 5.42 EEA 615 oe, 573 SE 6.42 . 3.30 NOMENA, 3.55 Tem 134 wma. 207ning of plant at increased ABM Ceylon laryana holding to 61% iv Company in UK | « formed with 519% | holding 2] é A roy 50% acquisition of Exide “increased shareholding / 51% acquisition of Chloride Life Insurance Compai to 100%in ChlondePoWers | Alloys india Limited € Limited systems & Solutions Linited ea eR TA £2100% acquisition of | Haldia o ride Metals Limited zg = zy Increased shareholding to, | <2requisition of first home: 100% in Chioride Alloys india / //sUPoimenufactunina facility Limited pat Roorkee Ahmednagar facility far | Mc batteries commenced production: ‘Acquisition of Second Home <> Requisition of remaining pS manufacturing facility at 50% shareholding in Exide 4tWs Haridwar ee see ni Espex Batteries, UK became wholly-owned subsidiaryMoAT |! (pyainst umovaamized player) LEADERSHIP THROUGH TECHNOLOGY COLLABORATIONS ——, Corporate Overview a Statutory Reports 4 cvectric GROUP ere + Part of Hitachi Group Japan BEER cei, + For automotive and industrial segments, ZSEURUKAWA + For automative batteries at Taloja factory + For technical collaboration and assistanceefficiency and superior qu 's industrial and me ong back-up from our R&D: ently innovating new produ ng our existing p cons. Our achiever Automotive Matrix, Mileage, Champion, hampion, Boss (niche) ~ Automotive « Bikerz, Xplore, Xtreme, Boss (niche) ~ Two wheeler range Industrial «Premium Segment: Launch of Tubular Gel Batteries for Telecom/Solar + UPS Segment: AGM PowerSafe Plus Range ‘© UPS Segment: Exide ECO model in the economy segment and Exide XPRESS model in the premium segment of LKVA range. Launch of HKVA range from 2KVA to T2KVA « Home UPS Battery Segment: INVAMASTER and TUBEMASTER range Solar Segment: Solar Blitz in the economy range—\\—_—— W GETTING CLOSER BY REACHING FURTHER + domestic, as well as global presence through Wieicvaternated siti bution network. Our channel partners have our strategically placed distri steadily deepened and widene! thereby increasing the visibility and d their customer engagement initiatives, popularity of our brand. — AUTOMOTIVE We have one of the robust networks of authorised Elevating customer Servs ship outlets, which distributors and dealers, driving higher growth across. Exide Care represents our flags Oar eniene eae “Various markets. Our tertiary distribution network reinforce our commitment to sup Tae comprises garages called humsafar partner network. ‘and service. These outlets offer au poe ena We have a dedicated dealer network for heavy through our wide range of products. raed commercial vehicles (C Dealer network) and tractor are designed to maintain specified service standards ang ‘owners (Kisan dealer network). Our web-based CRM offer complete customer delight and experience: of the initiative (exidereachout.com) enables customers to brand through a combination of state-of-the-art design, register their batteries online with paperless warranty pleasant ambience, cutting-edge service technology and programmes, among other features. custamer focus. { Project Kisan is our on-going initiative to build an eriauring relationship with customers, especially in rural areas, This service is offered free of cost when a team “Of company officials visits the villages and provides servicing for tractor batteries, irrespective of the brand, Project Highway is our another on-going service “Programme fo serve the truck segment. Under the scheme, we provide battery servicing facility on highways, which are availed by truck drivers. To further strengthen our reach and deepen our penetration, we have to undertake initiatives for the influencers in the distribution network Mont [ Gxtyy Beuniens —T os 15,500+ 14,2504 7754+ Deep market penetration Tertiary distribution network through dealers through Humsafar outlets. Exide Care outlets and another 875+ will get added in the near futureAutomotive et sales. acturers and aftermark sutomotive segment priariy incudes ste ro major eMhe TT, jacurers 27 ike Exide, SF and Soni. among Automate segment Pinar res inte domestic maT! USE segment ue company has a Sr aincie ; Poms sonic brands fr the exPO i submarine batteries. n Dynex, Index We also manufactu many athers. We concentrate or motive OEM and ail significant market share of auto’ organised Feta! ‘OUR CLIENTS (NM wai oe Me) Key MNC Customers & @ 2 & aS wyuncat HONDA @ & @ Key Domestic Customers ot Mw Mahindra TATA ox OUTLOOK We nave clear cut goals and our competition is growing day by day in terms of organised sector. he unorganised ae aie carly Iesing market share. Our strategies are to ensue that we enhance our market share, Our trstesics revolve around products, pricing, placement and promotion. Industrial ’ Our industrial segment includes sales to power back- a up equipment (UPS and inverters), traction equipment 2 (forklifts, golf carts, electric vehicles), infrastructure sector (railway, telecom, solar, power generation and utilities) and exports (traction and standby). We market t3 : wig = [nee] VOLTAS 3 é OUTLOOK 2 Going forward, we will reinforce our position, with substantial gain in market share. The new government with & tive initiatives like Make in india, Smart Cities and Swachh Bharat Abhiyan, among others will dive the strial momentum. This positive drive will create significant demand for batteries. (Bry opperuunty *) 2 Exide, we manufacture high-end submarine batteries conforming to the most stringent technical specifications and ality control standards. We are the country's only company to maintain a dedicated manpower to manufacture such & pecialised batteries —— 2 We are one of the few battery manufacturers who are capable of manufacturing submarine batteries for a wide range of submarine Gesigns, such as Russian (Foxtrot/ Romeo! Kilo/ 636/ Amur class), German (209 class), French (Scorpene class) and Indigenous (Nuclear powered) design submarines. Currently, we are manufacturing two sets to export to Algeria and two are in the pipeline to export to Russia (Admiralty shipyard). Our batteries for Russian submarines are certified by Russian design agency ‘Rubin’, as compliant to norms. Our manufacturing faciity has ISO 9001:2008, ISO 140012004 and OHSAS 18001:2007 certifications.Annual Report 2a _——_ 7 =n i‘ wopiahve ) BEING RESPONSIBLE |, 4 een on, captain?) | At Exide, through our dealers we buy back old batteries SMELTING UNITS. from our customers and recycle them in smelters in Se eae acs elimi various parts of the country. We have two modern and RK hi-tech lead smetters (100 per cent subsidiaries), one near Bangalore (Chloride Alloys) and another near Loralon spine Pune (Chloride Metals), where we recycle old batteries, We also use third party smelters in the country’s other parts, where old batteries procured by us are recycled and the lead is sold back to us in ingot form. Capacity ~ $4,000 Mt pa Location ; Bans Capacity - 114,000 Mt p.a,¢ Annual Report 2014.45 ; Wr DIRECTORS’ REPORT TO THE SHAREHOLDER (including Management Discussion & Analysis) present the 68th Annual Report ofthe Your Board of Directors are pleased to for the year ended March 31, 2035, Company together with Audited Accounts ECONOMIC ENVIRONMENT The national economic environment remained challenging during the financial year 201415, although on the face of it, economic growth accelerated to 74 percent, agriculture sector showed a de-grovith of 11 percent during the scat This was attributed to erratic monsoon which affected the summer crop. The impact of this was felt in the food grain production which shrank by 32 per { cent as compared to the previous fiscal ' Some acceleration was noticed in industrial growth rate which grew by 59 percent, aided mainly by 68 percent growth in manufacturing. Production of capital goods expanded after a continuous three years in the red. But consumer durables recorded a negative growth of 3.2 percent, However, there was good news on the crucial inflation front, which had @ devastating effect on the economy in the previous few financial years. Policies: Gndertaton atthe Coil level seem to have had a positive effet oninfation Cantal sipendture is now expected to see some momentum, Rupees Seangth reds the dollar was ested during the face. However, ea price ontnved to be stable in the interatonal markets The economic outlook for the financial year 2015-16 looks positive. Gro domestic product (GDP) is expected to grow to 78 percent on the expectation of improved performance in industrial as well 2s service sector. Structu bottlenecks are expected to be addressed at 2 policy making level leadi to improvement in the external demand, Supportive monetary policies and a pickup in capital expenditure ae likely to give a boost to the Indian economy. INDUSTRY STRUCTURE & DEVELOPMENT INSPITE OF THE COMPETITIVE MARKET onions, YOUR COMPANY CONTINUES In the industrial battery segment, 2014-15 was a good year with impressive [TO REMAIN THE PREFERRED SUPPLIER TO nOst OF THE VENICLE MANUFACTURERS growth recorded across infrastructure, FMIB and Export markets. 4 | IM THE COUNTRY i: \ ma :Mterwowkex sales COMPANY PERFORMANCE Automotive Batteries sales of Au ries ha “rate of 10% by value in’ 2014-15 | vevous year. The afte ‘batteries witne: in units from the previous year. n the two wheelers aftermarket, the growth rate during the year was nearly 11% Sale‘ ithe ‘hot ‘lower by about 2% in units during the year. in the OEM two wheelers, the Company witnessed a growth rate of $e in sales as compared to that of previous year. Inspite of the competitive market conditions, your Company continues to remain the preferred supplier to most of the vehicle manufacturers in the country Industrial Batteries of Industrial batteries's a very impressive growth of 24%! from the previous year. Almost all the segments contributed towards this effort. Major inroads were made in the telecom segment not only through aggressive marketing but also through introduction of newly developed products. There was a partial resurgence in the market for Industrial Ups battery segment although the growth is still below expectations. Quality improvement and product re- design have helped immensely in creating a preference for your Company's products in this segment. New range of products introduced in the Home UPS segment have been well received in the market and Contributed towards a robust growth as compared to last year, mainly through increase in market share. Submarine ‘Sale of submarine: batteries/iforthe /FY! 20115 also \tecofted ansmpressive granaburaterofabo uty mang ins > OGM 2 So goed de see Hus Home ups, The two Home UPS manufacturing Units acquired by your Company in the state of Uttarakhand have stabilised in terms of manufacturing capability and quality. The Products manufactured by your Company based on Superior ‘sine-wave technology have been very well received in the market, resulting in expansion of sales, Your Company has also commenced manufacture of HKVA range of inverters for both domestic as well as export markets, Exports ‘THe Export of Automotive Batteries recorded a remarkable) pared to the previous year, whereas the Pe ae jas compared to the revious year. ‘The Automotive growthis accredited to the quantity growth Of 45% for 4-wheeler batteries and 100% for motorcycle batteries in Bangladesh and Sri Lanka, whereas the Industrial growth is primarily due to extraordinary growth of 240% in Standby Business mainly due to focussed and enhanced activities in African continent, where your Company grew by 139%. ‘Successfulmew inroads were made for exportof industrial Batteries UAE, Cyprus, Kuwait, Yemen, Egypt tay, Pery, ‘Home, Details of activities febating to exports is given as per Section 134 (3)(m) of the Companies Act 2013, which is annexed herewith mark}d as “Annexure Net jpet om "wchiont oo. margins Statutory Reports Corporate Overview Financial Statements.«subject © approval of the members at the ensuing 20 "1 general Meeting, Consequently, the total dividend en's year ended March 31, 2015 including the interim ‘sod aid Guring the year, amounts to 220% ie. Rs.220 awe strare of Re. 1/- each (Previous year 180%), «ng the year, the unclaimed dividend of Rs. 2022107 poraning to the final dividend of fnancial year ended firch 31, 2007 Were transferred to Investor Education Jed protection Fund of Government of india. The details incusing last date of claiming of unclaimed J unpaid Gridend amount are given at the end of the Notice of the ‘annual General Meeting ou SHARE CAPITAL The paid up equity share capital as on March 31, 2015 was fs. 85 Crores, divided into 850,000,000 equity share of face value of Re. 1 each, A) Issue of equity shares with differential rights The Company did not issue equity shares with differential rights during the financial year 2014-15, B) Issue of sweat equity shares The Company did not issue sweat equity shares during the financial year 2014-15. ©. Issue of employee stock options The Company did not issue stock options during the financial year 2014-15. D) Provision of money by company for purchase of its own shares by employees or by trustees for the benefit of employees The Company does not have a scheme for purchase ofits own shares by employees or by trustees for the benefit of employees. DEPOSITS, During the year under review, the Company did not accept any deposits from the public within the ambit of Section 73 of the Companies Act, 2013 and the Companies (Acceptance of Deposits) Rules, 2014. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS Pursuant to Section 186 of the Companies Act, 2013, the details of the loans given (Note nos. 4 and 20), guarantees On securities provided (Note no, 38) and investments made (Note nos. 13 and 16) by the Company during the year, have been disclosed in the financial statements. MATERIAL CHANGES AND COMMITMENTS There has been no material changes which have occurred subsequent to the close of the financial year of the Company to which the Balance Sheet relates and the date of the report, for example: Settlement of tax liabilities; Operation of patent rights; Depression in market value of investments, Institution of cases by or against the Company, Sale or purchase of capital assets; Destruction of any assets or disposal of a substantial part of undertaking; Changes in capital structure; '® Alteration in wage structure arising out of trade union negotiation; and © Material changes concerning purchase of raw. material and sale of the product. ‘AUDITORS Statutory Auditors and their Report M/s 5 R Batliboi & Co LLP, Chartered Accountants, who retire at the ensuing Annual General Meeting of the Company are eligible for reappointment. They have confirmed their eligibility under Section 141 of the Companies Act, 2013 and the Rules framed thereunder for reappointment as Auditors of the Company. AS required under Clause 49 of the Listing Agreement, the auditors have also confirmed that they hold a valid certificate issued by the Peer Review Board of the Institute of Chartered Accountants of India, Your Directors wish to clarify that the Statutory Auditors’ have made an observation in point no (xii) of the Annexure referred to in paragraph 1 of the section on “Report on other legal and regulatory requirements” under the Companies (Auditors’ Report) Order 2015 (CARO) regarding misappropriationsof:physicalystock sofybatteries"in-the warehouse amounting to Rs, 152) Crores: by two" carrying and forwarding agents of the Company during the financial year ended March 31, 2015. As explained in their observation, the Company has ‘Swol fraud | = Corporate Overview eee Statutory Reports Financial Statementsce ingustries Limited L ‘re audit Committee of Directors are fntrusted with the rrponsivilty to oversee the Vigil mefhanism, DIARIES » our company has five Indian supsidiaries viz, Chloride Nieals Limited, Chloride Alloys Andia Limited, Chloride power Systems & Solutions Limijéd, Chloride international tinited, Exide Life Insurance GAmpany Limited and three foreign subsidiaries, viz. Chigride Batteries S.E Asia Pte. Ltd, Singapore, Espex Battenps Limited, UK and Associated pattery Manufacturers (Ceyfon) Limited, Sri Lanka. Chloride Metals Limited, which is a 100% subsi of your Company, is engaged in lead smelting and refining operations and has its plant at Markal, Pune. The said Company achieved a net sale of Rs. 52392 Crores which was 16% higher than the previous year and earned a profit before tax of Rs. 0.66 Crores. © Chloride Power systems & Solutions Limited, @ 100% subsidiary of your Company having its factory at Sector V, Salt Lake City, Kolkata is engaged in manufacture and sale of battery chargers, D.C Power systems and associated equipment. During the year 2014-15, the said Company achieved a turnover of Rs. 74:4 Crores and a profit before tax of Rs. 8.04 Crores representinga decrease of 13% and 26% respectively over the previous year. of your Company has its plant at Kolar District, Karnataka and is engaged in lead smelting and refining activities. During the year 2014-15 the said Company has achieved a turnover of Rs. 689.36 Crores as compared to Rs, 73378 Crores in the previous year and a profit before tax of Rs. 4.89 Crores. canker “INC Vysua Life” Faswaune Business A Soy. of Battery (See — My Cousol-dated Francs) © Chloride International Limited is presently not ‘engaged in any trading or manufacturing activity and has income from rent and interest on securities. The income of Chloride international Limited during 2014-15 amounted to Rs. 0.68 Crores with a profit before tax of Rs. 0.49 Crores. ‘© Your Company also holds 100% of the share capital in Chloride Batteries SE Asia Pte. Ltd, Singapore. The said Company is engaged in the business of lead acid batteries and caters to the South East Asian and Australian markets. During the year 2014 45, the said Company achieved a turnover of SGD 3016 million and incurred a loss of SGD 1.911 million. © Espex Batteries Limited, UK, 100% subsidiary of your Company is engaged in marketing and selling of lead acid batteries for industrial applications. During 2014-15 the Company achieved a turnover of GBP 470 million and made a proftt before tax of GBP 101,640. @ Your Company also holds 615% shares in Associated Battery Manufacturers (Ceylon) Limited, Sri Lanka. The said Company is engaged in the business of manufacturing and marketing of lead acid batteries. During the year 2014-15 the said Company achieved a turnover of SLR 194917 million and made a profit before tax of SLR 138.50 million, ‘The profit and loss accounts, balance sheet, auditors’ report and directors’ report of the subsidiaries are not attached to the annual accounts of your Company pursuant to general exemption granted vide general circular number 2/2011 dated 08022011 issued by the Government of India, Ministry of Corporate Affairs in terms of section 136 of the Companies Act, 2013. However, the necessary details about the subsidiaries are given in the consolidated financial statements attached to the annual accounts, Further any shareholder of the Company or the subsidiary Companies may obtain copies of these documents by writing to the Company Secretary at the registered office of your Company. Copies of the annual account of the subsidiaries would also be available for inspection by any such person at the registered office of your Company on any working day. busines sales & = 2 8 Financial Statements¥ Mote could be done heve used by the Company also contains recycled paper toa significant extent. Also, most of the Plants of the company use recycled waste water for cleaning and atdening pUrpOSeS. BiO-Eas is also generated from canteen waste in one of the plants, principle 3 Businesses should promote the well allemployees {Pease indicate the totanutiberotemployees ~ispsal 1. Please indicate the total number of employees hired on temporary/contractual/casual basis ~ 6.378 3. Please indicate the number of permanentiwomen 4, Please indicate the number of permanentiemployees 5 Do you have an employee association that is recognised by the management - Yes 2 6 What percentage of your permanent employees is members of this recognised employee association? 54% 1. Please indicate the number of complaints relating to child labour, forced labour, involuntary labour, sexual harassment in the last financial year and pending as on the end of the financial year. St [Category No of No of complaints No complaints —_| pending as filed during the | on end of the 3 — financial year_| financial year 1 [child taboury Nil iforced labour/ involuntary labour 2 [Sexual Nit Nil harassment 3 [Discriminatory [Nit Nil lemployment What percentage of your under mentioned employees were given safety and skill upgradation training in the last year? © — Permanent employees - 70% © Permanent women employees ~ 45% © — Casual/temporary/contractual employees ~ 30% © — Employees with disabilities — Nil ‘inciple 4 Businesses should respect the interests of ind be responsive towards all stakeholders, especially those who are disadvantaged, vulnerable and rginalised Has the company mapped its internal and external stakeholders? The Company has mapped its internal and external stakeholders as follows: employees, customers, dealers, technical collaborators, suppliers, shareholders, regulatory authorities and members of the society who are directly or indirectly affected by the Company's operations. Out of the above, has the company identified the disadvantaged, vulnerable and marginalised stakeholders? The Company's factories are located in semi- urban or rural areas where many basic amenities for the inhabitants are absent or minimal. The Company has identified the inhabitants of several neighbouring villages in the vicinity of its factories as the disadvantaged, vulnerable and marginalised stakeholders. ‘Are there any special initiatives taken by the company to engage with the disadvantaged, vulnerable and marginalised stakeholders. tf so provide details thereof in 50 words or so. Depending upon the needs of the villages around the factories, the Company undertakes various social initiatives targeted at these stakeholders in the villages so as to alleviate their quality of life These activities vary from time to time and are often implemented in consultation with the local community leaders. Further several initiatives have also been taken for the benefit of such marginalised or disadvantaged sections of the society in other Corporate Overview Statutory Reports Financial StatementsRede has e industries Limited 2x no, to AR (Bisunen € Shavetrn! > vw back "ie ders an oN ed 11. Distribution of Sharehotdi oxy’) Suk Py Range ‘olding as on March 31,2015 . No. of shares of face value sof otal ne Re.1/- each shares J Total no. ofholders % of Total holders 319,25,788 eer on ae2628 pe COT) a 1000 1,29,58,912 1 2033 7 20001-30000 6387161 52 930 1.09 30001-40000 50, 62402 a ae or z 49001-50000 3573445 ta " ox7 : 100001 & above a oa, ™ 014 2 76 7468.00 9029 3 Total 85,00,00,000 ze a 2 004 100.00 85,624 (2228) 700.00 5 2 aie ting pattern ofthe Company 5. hpowrayr. a) mn March 31, 2015: Nathe of the Cost Auditor] : M/s Shome & Banerjee Tate aiid noes = tcf Cost Accountants, ee inares_issued shares 5A, Nurulla Doctor ¢ eo Holding 39,09,54,666, 45.99 Lane (West Range) ¢ oreign Institutional 4age7er2 53, 2nd Floor, F Investors Kolkata ~ 700 017 i Non Resident Individual 34,8071 om Regn No: 000001 : ‘Mutual Funds: 5,726,515, 673 a Financial Institutions, 7,84,66,478 923 Actual date of filingthe _ : August 28, 2014 Insurance Companies: Cost Audit Report & Banks For 2013-14 Public 8524471 1003 Bodies Corporate 8554199 1007 16. Plant Locations Directors & their yor oot relatives Sate aaress roel '85,00,00,000 100.00 ‘West Bengal 91 New Chord Road, Authpur, ian ee ‘Shamnagar, 24 Parganas (N) - 743 128 : West Bengal Durgachak, Haldia, Dist Midnapore (E), 13. Dematerialisation of Shares ceareneahy ore gal - 721 602 ‘As on March 31, 2015, 97.96% of the Company's total Se ad Haryana Plot No. 179, Sector 3, HSIIDC Growth shares representing 832619346 shat ceo aa s i 1d 2.04% representing * in dematerialised form ani fe Maharashtra D2, MIDC Industrial Estate, 1,73,80,654 shares are in physical form. Chinchwad East, Pune - 411 019 Maharashtra Plot No.T-17 MIOC Taloja Industral 4h, Outstanding GDRs/ADRs/Warrants or any ‘rea, Taloja - 410 208, convertible instruments, conversion date and Maharashtra E-5, MIDC, Nagopur Taluka, likely impact on equity _ The ‘tompary has not issued any GDRs, ADRS, Warrants or any other convertible instruments. ‘Ahmednagar - 414 111Annual Report 2014-15 Me New prs hos (Manes ) ANNEXURE - VI 1 Form No. MGT-9 EXTRACT OF ANNUAL RETURN | as onthe financial year ended on 31st March, 2015 [Pursuant to section 92(3) of the Companies Act, 2013 and rule 121) of Companies (Management and Administration) Rules, 2014] 1. REGISTRATION AND OTHER DETAILS: a aN + L31O2WBI947PLCOT4919 il) Registration Date cianayai02 (Before ndeperclence ) iii) Name of the Company ‘Exide Industries Limited t iv) Category/Sub-Category of the Company: Public Company Limited by shares v) Address of the Registered office and Exide Industries Limited, Exide House, 59 Chowringhee Road, contact details ytita 790020 —__ | ‘Tel: 033-2283 2120/50 Fax 033-2283 2642 ‘Whether listed company Yes/No 2 Yes Name, Address and Contact details of CB Management Services (P) Ltd Registrar and Transfer Agent, if any -22, Bondel Road, Kolkata 700019 i Ph; +913340116700/6729, Fax: #913340116739 t email: a@cbmsucom, Website: www cbmsLcom Il, PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY All the business activities contributing 10% or more of the total turnover of the company shall be stated:- ‘SL ]Name and Description of main products/ NIC Code of the Product/ Service ]% total turn over of the No._|services Company 1. [storage Battery Ea aK Il, PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES ‘SL Name and Address of the CINTGLN Holding/ Subsidiaries] : oF: No. | Company esvidana, shares Appeal 1 [Chloride Power Systems & ‘U2B22WEISBOPLCORII96 Subsidiary Solutions Lrd Exide House, 59 Chowringhee Road, Kolkata 700 020 2 [Chloride Metats Ltd ‘U34300WB1998PLCI81003 Subsidi Exide House, 59E Chowringhee ay Road, Kolkata 700 020 3. | Chloride Alloys india Ltd Uosisowszo0zPicis3308] subsidiary Exide House, 59€ Chowringhee Road, Kolkata 700 020My % Tnguian govt- Tria owned by Fakestami enemy.) Annual Report 2016-45 olept exrpowered fs eer fot i (Tetereving Iwrignt ) We. of arsed atthe begining ofthe yet sion ant ion) Shares bed atthe end fhe year ie ‘(as on March 31, 2015) Category of Shareholders Demat Physical Total [% of [Demat [Physical Total Total oF Total Shares i Change during year ‘8. PUBLIC SHAREROLDING (institutions 2) Mutual Funds ) Banks/Fi ©) Central cove © state Gow ©) Venture Capital Funds ) Insurance Companies @ Fis 1) Foreign Venture Capital Funds Others (specify) ‘Sub-total (BXts- (@)Non- institutions a) Bodies corp. indian i) Overseas ) indviauats 1 vial saretolers holding ‘nominal share ‘ait upto. 1a 1 tndiduat sSareholds holding nominal share capt inexcess of R112} ©) Others (speci) NR ‘Clearing Member ce. Must Foreign Portfolio Investor Foreign National TouaPubi shareholding Mr ‘Total (A) +(8) (C SHARES HELD BY ‘cusTooian For GoRs| BADRS 35271830] este 109.660729) 146 628,383 58,997583) 9709283 320,903 6780) 307663 61844) 15.655,365| 684,079) 338731 Grand Total (A+B) shares asangsso| 415] 52216555) ‘yoszsis| 013] 601908) togso%z8} 1290] 77493807] | ‘w5635153] 1725, 148980912] 6,760) 2sz629727| 3443) 204293862] 377523) ra9363i7} sar] 83097975) 164,844 75562946) 889) 55605070) 157,614 ro3s332e| 122] 13122223) 684079) sioi6] 037] 306267] s3net4) a7msss| 04s] 1204470) | vaases7| on] 2279 ; 459,005,334) $401) 441664,680) 12380654) 850,000,000 100.00) 832,619,346) 17,380,654] 57216515] o7267' 7483307] 149.987672 284,670,665) as2eza09 318384! 12806302) 459.045 334 '850,000,000] 6x) on on} sy 151 28 toon on) 028 gene AEX (050)jovare awing ouring ine year spectying the | [:"~i~ “ew riermee 1 ween feosors or nceseecese eg allman | OM Storebldig curng | - lansfer! bonus/ sweat equity etc ihever —lAtithe End of the year (31.03.2015) _ 0,954,656 4599 | 390,954,666 4595 ) Shareholding Pattern of Top Ten Shareholders (Other than Directors, Promoters and Holders of GDRs and sm (nkeneshing Disclose) ‘St |Name of the top 10 Dateof | Buy/ [Shareholding at the beginning| Cumulative Shareholding No. Shareholder of the event, Sale f ipril 1, 2014) during the year [company (As on March 31, Noof [%oftotalshares| Noof —% of total shares 015) snares | ofthe company |_shares | ofthe company 1 [Life insurance Corporation lof India (a) [atthe beginning of the year 62495230 735 62195730) 735 (b) [Changes during the year 30-06-2014 | Sale 1,380,751 016 81114,479 79 oi-o7-20| sale | 2375753 02 | sassen6| 693 1072014 | Sale | suoset ooo | seovams| 6a ek SOVET [irra | se | suas | tos [Seen] $e WU | feeram) se | s2e20 a0 57435230 6.77 a PVN 25-0720 | Sale | 1810706 02 — | ss684520] 655 i) or-08-20%| sale | 1923009 023 | sa7esis| 62 08-08-2014] Sale | 2,675,750 031 51,085,765 6.01 15-08-20] Sale | 975,043 ont sorossz2 | 590 j 22-08-2014 | Sale 14174,692 013 48,995,230 S77 09-01-2015 | sale | 1305610 016 7989620| 561 16-01-2015 |_ Sale 1,096,574 033 16.593.046 AB Statutory Financial StatementsAnnual Report 2016-15 v. cinvestepnessy (Nica New Diteboswre Indebtedness ofthe Company including interest outstanding /accrued but not due for payment Rs) Secured toans | unsecured Deposi ce excluding deposits| __Leans Indebtedness at the beginning of the financial year (2014-15) at the end of FY 2014-15 i) Principal Amount ii) Interest due but not paid iii) Interest accrued but not due Total (isis Change in Indebtedness during the financial year Addition i) Principal Amount ii) Interest due but not paid iil) Interest accrued but not due Reduction Net Change 92150,007 63,390.87 175540877 Indebtecness at the end ofthe financial year i) Principal Amount 92135925 83,3876: WS SU4551 ii) Interest due but not paid ; ii) Interest accrued but not due 1308: 16326. Total (isii+iii) 92,150,007 __ 83,390,870, {75,540,877 VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL ‘A._ Remuneration to Managing Director, Whole-time Directors and/or Manager: SU] Particulars of Fenner Name of MD / WD] Manager Tatar No] ‘Amount, PKxataky] G Chatterjee] AK Nadeem ‘Subir Mukherjee | Kazim | Chakraborty || Gress salary {a)| Salary as per provisions | 16380,000| 16560000 | 8,646,000 | 5,764,000 | ssia000 | s2868,000 contained in section 17(1) of the Income Tax Act, 1961 4 (b] value of perquisites u/s | 1986996] 1978386 | 1307425 | 1 a 17(2) Income Tax Act, 1961 Wo18S38 | S756 | 5.967019 (c} Profits in ieu of salary - : : under section 17(3) Income Tax Act, 1961 2_| stock option : : es3) Total Amount PR Kataky 16 Chatterjee AK Nadeem subir 3” Bweat Equity - Mukherjee | Kazim __| Chakraborty 4 Kommission | 3 - - ~ ane ot pice 8515000 | eie7s00 | 4323000 | 2882000 | 2489000 | 26396500 : others, specity i : = : : i 3 5 thers please specify ‘ans . ? z . zg 146,251 & ReticaLnenchedl 3.984.856 | 2104004 | 402669 | 1211306 | re0776 3 fotal (A)=(1+2+3+4+5) 30,926,247 | 29,910,702 | 16,380,429 | 11,067,207 | 9,794,070 [98,078,695 2 Rs. 798,281,857, Sl [Particulars of Remuneration ‘Name of Director Total No. ‘Amount: [RGKapadia | RBRaheja Mona NDesal | Wiay Budhirchand 2 Aggarwal zg 7 |ndependent directors = Fee for attending board & 330,000 - 330,000 280,000 385,000, 1,325,000 2 committee meetings a mmission 4,000,000 * as * Zz 4,000,000 a thers, please specify - - = S 2 = fotal 4,330,000 330,000 | 280,000 | 385,000 | 525,000 2 pther Non-Executive - : : ; - = jirectors ‘ee for attending board & a 95,000 - 7 & 95,000 ia committee meetings E ‘omission : = . . : : = bthers, please specify E : 5 . * 2 2 a _ 95,000 - - - 95,000 e Fotat (8) = (142) 74,330,000 | 95,000 330,000 | 280,000 _| 385,000 | 5,420,000 e otal Managerial pee = es The Act pis, 676710,043 (being 11% of the net profits of the Company calculated as per meas ection 198 of the Companies Act, 2013) aAnnual Report 2016-15 ; ee we ANNEXURE - Vill eam 2317 x | PARTICULARS CIF EMPLOYEES PURSUANT TO SECTION 134(3) (Q) OF THE COMPANIES ACT, 2013 READ WITH RULE 5(1) OF THE COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014 Requirements of Re 5) ry The ratio ofthe remunaration ofeach cectar tothe median’ Directors femuneration of the employees of the compare forthe. MEPK SKIP es (MD) fanciatyear, Wrcautam cheteriee 233K McA K Mukherjee ix Me Nadeem Kazim mx { ‘Mr Subir Chakraborty mx The percentage increast in remuneration of each Director, Directors: Chief Financial Officer, | chief Executive Officer, Company Mr K Kataky 10% Secretary of Manager if pny inthe fnancal year ‘Mr Gautam Chatterjee 110% Mra K Mukherjee 10% Mr Nadeem Kazim 10% | Me Subir Chakraborty 10% Key Managerial Personnel: ‘me Supriya Coomer 110% an 5,258 employees as on March 31, 2015, company; ‘The explanation on the \relationship ‘between average Factors considered while recommending increase in fixed increase in remuneration and} company performance: compensation ~ Financial performance of the Company, ( ~ Industry Benchmarking and consideration towards cost. of living adjustment / inflation; ~ Regulatory guidelines as applicable; i = All forms of compensation (fixed and variable) to be consistent with risk alignment ‘Average increase in remuneration of all employees was 10% / for the year 2014-15 which is based above mentioned factors, Comparison of the remuneration of tie Key managerial The nefSSein remuneration of iret Key NRG Personnel against the performance of te company, ersonnelareslightybelowthe- increase -in-metlan (TH's higher Anan wedon far KR top team)SENET TATE cme Seine came My ye at's stock Sid, Requirements of Rule 5{1) Variations in the market capitalisation of the company, price arnings ratio as at the closing date of the current financial year and previous financial year and percentage increase Over decrease in the market quotations of the shares of the Company in comparison to the rate at which the company ame out with the last public afferin case of listed companies, aNd in case of unlisted companies, the variations in the net worth of the company as at the close of the current financial year and previous financial year; ‘Average percentiles increase already made in the salaries of employees other than the managerial personnel in the last financial year and its comparison with the percentile increase in the managerial remuneration and justification thereof and point out if there are any exceptional circumstances for increase in the managerial remuneration; Comparison of the each remuneration of the Key Managerial Personnel against the performance of the company; The key parameters for any variable component of remuneration availed by the directors; The ratio of the remuneration of the highest paid director to that of the employees who are not directors but receive remuneration in excess of the highest paid director during the year, ‘Affirmation that the remuneration is as per the remuneration policy of the company Details Mee aso March 31,2014 March 31,2015 % increase ‘Share Price: BSE 12095 70 NSE aus m5 aon? The Market capitalisation ofthe Company has increased from RS. 10280,5 Crores as of March 31,2014 to RS 15}0450 Crores as of March 3, 2015, Over the same period, the price wang a peter ERS 35% ‘Average Salary increase of non-manaferial employees is 8% ‘Average Salary increase of managerial employees is 11% ‘There are no exceptional circumstances in increase in managerial remuneration ‘The comparison of the remuneration of each of the Key Managerial Personnel against the performance of the Company is as under: Directors: sot net Profit For 20144 cP K Kataky ‘ook (BY- fev ‘Mr Gautam Chatterjee 0.30% t, ) MFA KMukheriee owe ARS MD A Wagon ax oe IM Subir Chakraborty 10% ‘Key Managerial Personnel: Mr Supriya coomer 0.05% ‘The Directors and Key Managerial Personnel are entitled to variable component of remuneration by way of commission and performance incentive, based on certain performance criteria as laid down by the Nomination and Remuneration Committee of the Company. The individual's performance ‘and overall Company’s financial performance is also been considered while determining the said variable component. No employee received remuneration higher that of Managing Joint Managing Director during the year. Remuneration paid during the year ended March 31, 2018 is 2 per the Remuneration Policy of the Company, Statutory Reports Corporate Overview. Financial Statements‘Annal Report 2014-15 BALANCE SHEET (Standalone — Exel Subsidranies’) as at March 31, 2015 in Crores) se ee Ton Saas Tau ITY AND LIABILITIES: 1) Shareholders’ Fund a) Share Capital 8500 500 : 396958 _— 3.64646 9) Reserves and Surplus ee 2) Non-current Liabilities eee a) Deferred Tax Liabilities (wet) 5.09 ») Other Long:term Liabilities 5 tee ©) Long-term Provisions 6 =a 2) Current iaitties ae a) Short-term Borrowings, 7 eure? ©) Trade Payabes, we, ©) Other Current Liabilities: 9 25090 d) Short-term Provisions. 10 ee ibea) ee ooseey otal sao 4 assers 1) Non-current Assets a) Fired Assets f ina Tangible Assets 96 intangible assets 2 m2 i) Capital workein-progress ee 8) Non-curtent investments 8 ws ©) Longeterm loans and acvances % 1875 d) Other non-current assets 5 x ae A —_ as 2) Current Assets Inve nse . i a) Current investments wn By Samer) trav, ss276) ) Trade receivables +o F2w ms 8 355.03 316.64 Conor ant oes » 2382 1995 ®) Short‘erm leans an advences 20 7397 53.06 f) Other current assets a z : — es oa Total Significant accounting policies — ane 4956.62 ‘The accompanying notes are an integral part of the finan ‘As per our report of even date, seanioincoue Ae? sta tenes ration be 3008 lata oe Gunecoacounare ABS 1s. Poor . ofthe Soa of recor per Kamal Agar Dhigcaeny ad mamagemeuk | Pane I statements, R.G. Kapadia PK Kataky Membership No. 058652 J. Kumar AK Mukherjee Secretary Directors ! 4Exide Industries Limited Ww STATEMENT OF PROFIT AND LOSS ; . LAR NARMS Oe Nag fof sales, hunting (Rs. 1n Crores) TEE Particulars ote No ETE 20) INCOME: » Revenue from operations (Gross) 2 Pata 790.53 Revenue from operations (Net) /. Cr 0 Sore ne EY. YoY 2 2H = (AR- 287. yoy) ) i atmo 4237. py ion a \ oan ad 2 Gokdase (GFppovss = Purenae faded goods : 359 ase Increase in inventories of finished goods, work-in - progress and 25 (282.43) 10% ba Employee benefits expenses 26 ag | é V) Profitbefore tax M19 J yoy ( ARS M4?) (i temeeom ast B00 wy Prot rortnevear MIZ% Yoy (AR - M2) 387 5708 sh per soe) ia scaly es AR ik ay 4 7 oe 10-97. igen tbr forall sare oo on behalf ofthe Board of birectors 2 5 per Kamal Agarwal R.G. Kapadia Partner PK. Kataky Membership No. 058652 J. kumar AK. Mukherjee ‘Mumbai, Aprit 30, 2015, Secretary Directors # Opservation- Not ableto pass raw maternal pre hike -fy euntowere se Seen w lows growl i prof ws-a-vis Salec.Wy AnnualReport 201615 CASH FLOW STATEMENT . : forthe your ended March 3,205 , : Twrease, we worlaws (Rs. In Crores) 7oi3-2014 (8) CASHFLOW FROM OPERATING ACTIVITIES: Net Profit before tax 79849 7.08 Adjustment for Depreciation and Amortsation C982 125.60 Profit on Fixed Assets sold CPL a) * (018) Loss on Fixed Assets sold / discarded Pe o7 Dividend Income Ps, (a), Interest Expense 19 Interest income 11923 (os)___10227 Operating proft before viotki Ga pm ee 805.35 3) aan) (nse) crease in Current Liabilities 5644 (343.93) eat 38 Cash generated from operations 57379 ram Direct Taxes Paid (net of refunds) (24754) (22579) Net Cash from operating activities 326.25 646.95, (8) CASH FLOW FROM INVESTING ACTIVITIES: Purchase of Fixed Assets a >, (13520) Sale of Fixed Assets Pi lee Yo vo os7 Acquisition of Shares / units et soak (135.20) Redemption of units 066 - Purchase of Mutual Fund units (802.63) (1,341.00) Sale of Mutual Fund units Ra 151.00 Interest Received oe 068 078 Dividend received } phot Noth 27 Net Cash used in investing activities , ie * (214.78) (434.27) (©) CASH FLOW FROM FINANCING ACTIVITIES: Proceeds from Short term Borrowing : __ Dividends Paid (ingugingan) eu (16624) ole interest Paid ayy 4? (38) Net Cash used in facing activities | “¥ {60 Wet increase in cash and cash equivalents, +) Cash and cash"equivalents - Opghig Balance. # > Cash and cash equivalents - Closing Balance # ae tas disclosed in Note 19 : i: 7 aaaeeees 70 ores PY RSS Coes hngin Unclaimed Dnidend Aco bEogthé Guntaaiabe fo restres use ‘The accompanying notes are an integral part ofthe financial statements. As per our eport of even date. ‘S.RBatliboi & Co. LLP Registratior! Number, 301003E 5 : +, Forand on behalf of the Board of Directors. Chartere nectar? : i Js bolt ~~ son! per raiharigaral ot 4S hs cdl ad Partner * oe Membership Wa: 083852 aly ? sok Kumar ‘Mumbai, April 30, 2015 ‘ “Secretary“Trade (unquoted) Government Securti Government Securities (lodged as security deposits with various authorities) ot oot Equity Shares, Fully Paid up Shares in Subsidiary Companies } Chloride International Limited (450,000 shares of Rs. 10 each (PY 450,000 020 020 | Shares)) Chloride Power Systems & Solutions Limited (1,980,000 shares of Rs. 10 each 293 293 | (Py 1,980,000 Shares)) Chioride Metals Limited (1,50,00,000 shares of Rs. 10 each (PY 150,00,000 34.65 3465 | shares) | Chloride Alloys india Limited (250,00,000 shares of Rs. 10 each (PY 250,00,000 137 137 shares) I Chloride Batteries .£ Asia Pte Limited (7,000,000 shares of Singapore $ 1 each 1035 7035 (Pv 7,000,000 shares) Espex Batteries Limited (102,000 shares of GBP 1 each (PY 102,000 shares)) 078 078 Associated Battery Manufacturers (Ceylon) Ltd (3,896,640 shares of Sri Lankan 73 re] Rs, 10 each (PY 3,896,640 shares)) Non Trade (unquoted) +Itow Equity Shares, Fully Paid Up IN SUBSIDIARY COMPANY nN etx Lite Insurance Company (17500,00000 shares of Rs, 10 each (PY ten 5 +1,60,00,00,000 shares)) aypt) * Tabased 86 1S Oy Insuamet bun in FYI. (Nesssve) So, core buniness Fundivg Inowanse avpirabond | SEE: ‘WW NOTES to Financial Statements as at and for the year ended March 31, 2015 AL hey Weads of Tuvewtones incveased... 17, INVENTORIES Git tower of cost yf net retsable value) a) Stores,spare parts, loose tools ete 2530 beapeed ®) (Ra materilsand components including in tansit/ inn 36046 tying in bonded warehouse Rs. S812 Crores (PY Rs. 6267 Crores} ©) Worksin-progress"y : 46032 ee €) pFnished goods i046 suse Add Excise Duty Be ses0 60926587 4433 ©) Trading Goods aes tm 152276 418557 18, TRADE RECEIVABLES (UNSECURED) (Rs. in Crores) (EIEDESI March 31, 2014 | ) Outstanding for a period exceeding six months from the ate they are due for payment Considered good 849 Doubtful 237 7886 | Less: Provision for doubtful debts 237 16.49 b) others Considered good 50015 50015 Total 516.64 (Refer Note no 33 for Related Party disclosure) 19. CASH AND BANK BALANCE (Rs. n Crores) | ‘March 31, 2014 Cash and Cash Equivalents | a) a banks on 1454 ») ee in hand ia ©) Unpaid Divident Yccount é 4 ees sn 7395 which hawt Ae Cath Ftow aud ay Cash lahanegasat March 3, 2015 & us if where Dusuvance business WL Show “p — fein cranes), Particulars roe March 31,20 1 EQUITY AND LIABILITIES 4)" Shareholders’ rund a) share capital 2 8500 8500 Bb) Reserves & Surplus 3 375g _337465. : sos. 358.66" | sg ceiiiane : =e nS | 3). Non-Current Liabilities a) ‘Long Term Borrowings 5 262 430 8) defeats wed é sa w1i78 iter Long term vais a | 550 593 ) Longete 3 3B 2692 ©) 3 750681 663897 3008. 3310 3 Lo poe __ 7s 7786 8 82838 4) Current iabitities a). Short-term Borrowings w fi 5136) 3018 8) ade payaies n | 104563 s30u9 ; Ses07 396 | ; aes N et ioe FE graee qui h Gy 8 Nel a = 2) Fixed Assets u Capital workin: progress wear ») Goodwill on consolidation wv 58190 58190 | ©) Non-current investments | : u 8 582435 as987 8 4483 3443 | 2 | 220159 278535, an | 199.05 ‘BL68 2 Ee 42 2B 33034 2019 % 8.56 37933 Fy 26721 a8? } 2% 164635 130286 4) Trade receivables zt 68035, ‘558.42 2) Cash and bank balances: 2 3 20787 28682 f f) Short-term (oans and advances Bf 10068 7613 30 35682 Other current assets -ant accounting policies The accompanying notes are an integral part of the financial statements {As per our report of even date. ‘SRBatliboi & Co. LLP Registration Number 301003E For and on behalf ofthe Board of birectors Chartered Accountants per Kamal Agarwal ake Partner i hotly Membership No. 058652 1 Kumar Awmuiteree ‘Mumbai, April 3, 2015 Secretary ee en net nn eCExide industries Limited Me ‘CONSOLIDATED STATEMENT OF PROFIT AND LOSS for the year ended March 31, 2015, ers Particulars ar wae Tote No, I 2013-14 THOME: 1) Revenue from Operations (Gross) a 10,321.06 ee Less: Excise Duty Eeeeerest __79338 Revenue from operations (Net) “9353495 8 308.85 W Otherincome 2 ee W) Total Revenue __3.63030,_838195. 1M) expenses: Cost of raw material and components consumed a | 4a718, ae2ues Purchase of traded goods t goat Increase in inventories of fished goods, werkin-progtess and gg | (69) trading goods t Employees benefit expenses as | esa Finance costs: 3 76 Depreciation and amortisation expenses a7 § 40.40 x | 246642 o 20516 Total Expenses 75657 759526 V) Profit before tax (87353 786.71 VW) Taxexpenses: ! +. Current tax (Includes provision for earlier years Rs. 170 Crores baad : (6 net of reversal of excess provision fr earlier years Rs. 089 ' 2583 mse Crores) i 2. MAT Credit entitlement i (053) - 3. Deferred tax (incluc wrge for earlier years Rs. Nil (PY | t | Defred cae hare freer ar WL 22 i se ores) 25720 055 Vil) Profit for the Year 61633, 54616 Vu) Less: inorty terest 178, 150 1X). Net profit after taxes and minority imerest Sass Earnings per share - Basic and Diluted (Nominal value Re. 1 per 723 eat — share (PY Re. 1 per share)) Significant accountng policies 1 “The accompanying notes are an integral part ofthe financial statements As per our report of even dat. ‘saeBatibo! & Co. LP Registration Number: 2010038 For and on behaf of the Board of Directors Chartered Accountants ber kamal Agarwal Partner Membership No. 058652 pas Mumbai, April 30, 2015, Secretary Statutory Reparts Corporate Overview Financial Statements— Omer Obsewahons - 1. Cove. business yet te iyprowe, so surprising to See wanagemenh Sperding tue on Insurance. 2. Capital allocation in core business Ian heen por wane past Sow Years, enon as Aweawa Raja War dove encoedmay welt. 3. Even has buswmess/sales showing recovery, waanginn geting wealer (FYIS mavgins Lowest ms © yvs). Possible comme — Pr ering precsuve 4. Business canned bistencatly Lowert Ro€, and pord ont Wahert ever oomaend - Seems aA © Sewnlle tiny to do to give away cash to Showelreldeys. Bt, twas vas alo wdrcate Driicloowe — No holdrugs. Pleate do en bavrewor. please | Date - 24/F/IS INDUSTRIES LIMITED REGISTERED OFFICE Exide Industries Limited Exide House, 99E Chowringhee Road, Kolkata 700 020 won exideindustries.com