Exide Industries Postpones Results Announcement Due to Income Tax Survey

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Updated on 30 Oct 2025, 11:31 am

Reviewed By

Aditi Singh | Whalesbook News Team

Short Description :

Exide Industries has postponed its financial results announcement because the Income Tax department is conducting a survey at its offices and manufacturing units across India since October 29, 2025. The company stated it is cooperating fully with the authorities and clarified that the survey has not materially impacted its business operations. A revised date for the board meeting will be announced soon.

Exide Industries Postpones Results Announcement Due to Income Tax Survey

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Detailed Coverage :

Exide Industries Limited has announced a delay in its scheduled board meeting for considering financial results. The company cited an ongoing survey by the Income Tax department as the reason for this postponement. The survey began on October 29, 2025, and is currently active at various Exide Industries' offices and manufacturing facilities across the nation.

In an official exchange filing, Exide Industries assured its stakeholders that it is extending full cooperation to the Income Tax department throughout the survey process. The company also emphasized that there has been no material impact on its business operations as a result of this action. Exide Industries has pledged to inform the market of a revised date for the board meeting once it is finalized.

Impact This development may lead to investor caution and potentially affect Exide Industries' stock price in the short term due to the uncertainty surrounding the survey and the delayed results. While the company has indicated no significant business impact, market participants will closely monitor the situation for any further developments or disclosures. Rating: 6/10

Difficult terms Income Tax department survey: An investigative process by tax authorities to examine a company's financial records and ensure compliance with tax laws, typically conducted at the company's premises. Board meeting: A formal gathering of the company's directors to discuss and make crucial business decisions, including the approval of financial statements and strategic planning.