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Exide Industries Ltd had informed BSE that the Board of Directors of the Company had given their approval, for investment in a second local Lead Smelter upto Rs 35 crores.

The Company has now acquired 51% shareholding in Leadage Alloys India Ltd located near Bangalore, Karnataka. This Company’s core business is to produce various types of Lead and Lead alloys for secondary Lead and Lead concentrates. Leadage Alloys India Ltd is an unlisted public company.

Exide Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 29, 2008, has given their approval for an investment in another local smelter, with an initial amount of up to Rs 35 crores.

The Company is in discussions to this end with local smelters, to establish yet another strategic alliance. As and when the ongoing negotiations have reached a conclusive stage, this will be informed.

Exide Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 22, 2008, inter alia, has recommended dividend of 40% (Re 0.40 per share on face value of Re 1/- per share) for the financial year ended March 31, 2008, subject to approval of the shareholders at the ensuing Annual General Meeting.

Further the Company has informed that, the Register of Members & Share Transfer Books of the Company will remain closed from July 18, 2008 to July 25, 2008 (both days inclusive) for the purpose of payment of dividend and Annual General Meeting (AGM) of the Company to be held on July 25, 2008.

Exide Industries Ltd has announced the following Audited results for the quarter & year ended March 31, 2008:

The results for the Quarter ended March 31, 2008

The Company has posted a net profit after tax of Rs 628.20 million for the quarter ended March 31, 2008 as compared to Rs 385.10 million for the quarter ended March 31, 2007. Total Income has increased from Rs 5331.00 million for the quarter ended March 31, 2007 to Rs 7963.60 million for the quarter ended March 31, 2008.

The results for the Year ended March 31, 2008

The Company has posted a net profit after tax of Rs 2503.30 million for the year ended March 31, 2008 as compared to Rs 1552.10 million for the year ended March 31, 2007. Total Income has increased from Rs 18796.90 million for the year ended March 31, 2007 to Rs 28513.80 million for the year ended March 31, 2008.

The Consolidated results are as follows:

The Unaudited consolidated results for the Year ended March 31, 2008

The Group has posted a net profit of Rs 1620.20 million for the year ended March 31, 2008 as compared to Rs 685.40 million for the year ended March 31, 2007. Total Income has increased from Rs 19877.50 million for the year ended March 31, 2007 to Rs 29878.90 million for the year ended March 31, 2008.

The figures for the consolidated results for the year ended March 31, 2007 are Audited.

Exide Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 22, 2008 to consider both the audited financial results and the un-audited consolidated financial results of the Company for the year ended March 31, 2008. At the said meeting, the Board of Directors would also recommend dividend, if any.

Exide Industries Ltd has informed BSE that the Company will publish its audited results for the year ending March 31, 2008 within June 30, 2008.

Further the Company has informed that, the date for holding the Board Meeting for considering the said audited accounts for the year ending March 31, 2008 will be intimated in due course.

Exide Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 15, 2008, inter alia, has considered the Basis of Allotment for 5,00,00,000 equity shares of face value of Re 1/- each issued on Rights Basis.

Post allotment of 5,00,00,000 equity shares on Rights basis, the paid-up capital of the Company increased to Rs 80,00,00,000/s (Rupees Eighty Crores only) divided into 80,00,00,000 equity shares of face value of Re 1/- each from the existing Rs 75,00,00,000/- (Rupees Seventy Five Crores only) divided into 75,00,00,000 equity shares of face value of Re 1/- each.