The Company was incorporated as Associated Battery Makers (Eastern) Ltd., on 31st Jan ary, 1!

"# nder the Companies Act, 1!13 to p rchase a$$ or any o% the assets o% the & siness o% man %act rers, & yers and se$$ers o% and dea$ers in and repairers o% e$ectrica$ and chemica$ app$iances and 'oods carried on &y the Ch$oride E$ectric (tora'e Company ()ndia) Ltd, in )ndia , since 1!1* with a +iew thereto to enter into and carry into e%%ect (either with or witho t modi%ication) an a'reement which had a$ready &een prepared and was e,pressed to &e made &etween the Ch$oride E$ectric (tora'e Co ()ndia) Ltd on the one part and the Company o% the other part. The name o% the Company was chan'ed to Ch$oride )ndia Ltd on -nd A ' st, 1!#-. The name o% the Company was a'ain chan'ed to Ch$oride )nd stries Ltd. +ide %resh Certi%icate o% )ncorporation dated 1-th .cto&er, 1!//. The name o% the Company was % rther chan'ed to E,ide )nd stries Ltd. on -0th A ' st, 1!!0.

The Company man %act res the widest ran'e o% stora'e &atteries in the wor$d %rom -.0 Ah to -1,"11 Ah capacity, co+erin' the &roadest spectr m o% app$ications. The Company has si, %actories strate'ica$$y $ocated across the co ntry 2 two in Maharashtra, one in 3est Ben'a$, two in Tami$ 4ad and one in 5aryana. The Company6s predecessor carried on their operations as import ho se %rom 1!1* nder the name Ch$oride E$ectrica$

(tora'e Company. Therea%ter, the Company started man %act rin' stora'e &atteries in the co ntry and ha+e 'rown to &ecome one o% the $ar'est man %act rer and e,porter o% &atteries in the s &7 continent today. E,ide separated %rom its 897&ased parent, Ch$oride :ro p ;$c., in 1!/!, a%ter the $atter di+ested its ownership in %a+o r o% a 'ro p o% )ndian shareho$ders. The Company has 'rown steadi$y, moderni<ed its man %act rin' processes and taken initiati+es on the ser+ice %ront. Constant inno+ations ha+e he$ped the Company to prod ce the wor$d6s $ar'est ran'e o% ind stria$ &atteries e,tendin' %rom -.0 Ah to 10111 Ah and co+erin' +ario s techno$o'y con%i' rations.

Milestones 1916 Ch$oride E$ectric (tora'e Co. (CE(C.) 89 sets p tradin' operations in )ndia as an import ho se. 1946 =irst %actory set p in (hamna'ar, 3est Ben'a$. 1947 )ncorporated as Associated Battery Makers (Eastern) Limited on 31 Jan ary 1!"# nder the Companies Act. 1947 )ncorporated Ch$oride )nternationa$ Limited (pre+io s$y E,ide ;rod cts Limited) 1969 (econd %actory at Chinchwad, ; ne 1972 The name o% the Company was chan'ed to Ch$oride )ndia Limited 1976 >?@ Centre esta&$ished at 9o$kata 1981 Third %actory at 5a$dia, 3est Ben'a$ 1988 The name o% the Company was chan'ed to Ch$oride )nd stries Limited 1994 Technica$ co$$a&oration with (hin 9o&e E$ectric Machinery Co. Ltd. o% Japan, a s &sidiary o% the 5itachi :ro p. 1995 Ch$oride )nd stries Limited renamed E,ide )nd stries Limited 1997 =o rth %actory at 5os r, Tami$ 4ad 1998 AcA isition o% ind stria$B man %act rin' nits o% (tandard Batteries Ltd $ocated at Ta$oCa ? 9anC rmar' (Maharashtra), : indy (Tami$nad ) and p$ant at Ahmedna'ar (Maharashtra) %rom Cosepa =isca$ )nd stries Limited as a 'oin' concern. 1999 AcA ired 01D (hareho$din' in Ca$dyne A tomatics Ltd 2000 AcA isition o% 111D stake in Ch$oride Batteries ( E Asia ;te Ltd., (in'apore and "!D stake in Associated Battery Man %act rers (Cey$on) Limited, (ri Lanka. 2003 Commissioned p$ant at Bawa$, 5aryana 2003 4ew Coint +ent re in 89, E(;EE, with 01D ho$din'. 2004 Associated Battery Man %act rers (Cey$on) Limited, (ri Lanka &ecame a s &sidiary conseA ent to acA irin' % rther 1-.01D EA ity ho$din'. 2005 )n+estment in 01D shareho$din' o% )4: Fysya Li%e )ns rance Company Limited 2007 Ca$dyne A tomatics Ltd &ecomes 111D s &sidiary conseA ent to acA irin' the &a$ance "!D shareho$din'. 2007 )n+estment with -*D shareho$din'.in CE)L Moti+e ;ower ;ty Ltd. A Joint Fent re in A stra$ia. 2007 AcA ired 111D stake in Tandon Meta$s Ltd. 2010 AcA ired 01D stake in Lead A'e A$$oys )ndia Ltd

Board of Directors

R.G. Kapadia, Chairman ? 4on E,ec ti+e @irector R.B. Ra e!a, Fice Chairman ? 4on7E,ec ti+e @irector ".#. Ra$anat an, Mana'in' @irector ? Chie% E,ec ti+e .%%icer G. % atter!ee, @irector 2 )nd stria$ &.K. Kata'(, @irector 2 A tomoti+e ).K. M*' er!ee, @irector 2 =inance ? Chie% =inancia$ .%%icer #i!a( )++ar,al, 4on E,ec ti+e @irector -. M. Kot ari, 4on E,ec ti+e @irector B as'ar Mitter, 4on E,ec ti+e @irector ../. Moo' er!ee, 4on E,ec ti+e @irector ..B. Ra e!a 4on E,ec ti+e @irector D... &are' (A$ternate to (.B. >aheCa) 4on E,ec ti+e @irector

0. 0on+, 4on E,ec ti+e @irector Mona /. Desai, 4on E,ec ti+e @irector

Go1ernance & ilosop (

E,ide +iews Corporate :o+ernance as a systemic process &y which Companies are directed and contro$$ed to ma,imise their capacity to 'enerate wea$th. As $ar'e corporates se +ast A ant m o%

societa$ reso rces, E,ide &e$ie+es that the 'o+ernance process sho $d ens re that these Companies are mana'ed in a manner that meets &oth stakeho$ders6 aspirations and societa$ e,pectations.

23ide4s

%orporate

Go1ernance

initiati1e

is

5ased

on

t,o

core

principles6 nd e and

i. Mana'ement m st ha+e the e,ec ti+e %reedom to dri+e the or'anisation %orward witho t restraintsG

ii. This %reedom o% mana'ement, howe+er, sho $d &e e,ercised within a %ramework o% e%%ecti+e acco nta&i$ity and transparency.

23ide &e$ie+es that any meanin'% $ po$icy on Corporate :o+ernance m st pro+ide empowerment to the e,ec ti+e mana'ement o% the Company, and sim $taneo s$y create a mechanism o% checks and &a$ances which ens res that the decision makin' powers +ested in the e,ec ti+e mana'ement are with care and responsi&i$ity and not sed

mis sed.

23ide4s 'o+ernance phi$osophy em&races the tenets o% tr steeship, transparency, empowerment and acco nta&i$ity, contro$ and ethica$ corporate citi<enship. E,ide &e$ie+es that the practice o% each o% these tenets wo $d $ead to the creation o% the ri'ht corporate c $t re in which the Company is mana'ed in a manner that % $%i$s the p rpose o% Corporate :o+ernance.

Tr steeship reco'nises that $ar'e corporations ha+e &oth an economic and a socia$ p rpose, there&y castin' the responsi&i$ity on the Board o% @irectors to protect and enhance shareho$der +a$ e, as we$$ as % $%i$$ o&$i'ations to other stakeho$ders.

Transparency reA ires that the Company makes appropriate disc$os res where necessary and e,p$ains the &asis o% its po$icies and actions to a$$ those who are a%%ected &y them. Empowerment is a process sed to the n$eash creati+ity and inno+ation thro 'ho t the or'anisation &y decentra$isin' and de$e'atin' decision makin' powers at the most appropriate $e+e$s.

Contro$ ens res that %reedom o% mana'ement is e,ercised within a %ramework o% checks and &a$ances and is desi'ned to pre+ent mis se o% power, %aci$itate time$y response to chan'e and ens re e%%ecti+e mana'ement o% risks.

23ide4s Corporate :o+ernance processes contin o s$y rein%orce and he$p act a$ise the Company6s &e$ie% in ethica$ corporate citi<enship and is mani%est thro 'h e,emp$ary standards o% ethica$ &eha+io r, &oth within the or'anisation as we$$ as in e,terna$ re$ationships.

Go1ernance .tr*ct*re
" e i. ii. practice (trate'ic (trate'ic of %orporate s per+ision mana'ement Go1ernance 7 7 in 5( 5( 23ide t e t e is at t ree interlin'ed of le1els6

Board

Directors %o$$ittee

23ec*ti1e

iii. E,ec ti+e mana'ement 7 5( t e Di1isional -ead of t e 5*siness

This three7tier str ct re ens res that strate'ic s per+ision on &eha$% o% the shareho$ders &ein' %ree %rom the task o% strate'ic mana'ement, can &e cond cted &y the Board with o&Cecti+ity there&y sharpenin' acco nta&i$ity o% the mana'ement. = rther, strate'ic mana'ement &ein' %ree %rom the task o% day7to7 day e,ec ti+e mana'ement, remains %oc ssed and ener'ised. The str ct re a$so ens res that e,ec ti+e mana'ement o% the di+isions, &ein' %ree %rom the co$$ecti+e strate'ic responsi&i$ities %or E,ide as a who$e, is %oc sed on enhancin' the A a$ity, e%%iciency and e%%ecti+eness o% each & siness.

The core ro$es o% the key entities %$ow %rom the str ct re. The core ro$es, in t rn, determine the core responsi&i$ities o% each entity. )n order to dischar'e s ch responsi&i$ities, each entity is empowered %orma$$y with reA isite powers.

The str ct re, processes and practice o% 'o+ernance ena&$es %oc s on the Corporate p rpose whi$e sim $taneo s$y %aci$itatin' e%%ecti+e mana'ement o% the di+erse & sinesses within the port%o$io.

%orporate .ocial Responsi5ilit( &olic(

)n $ine with o r +ision o% &ein' reco'ni<ed &y society as a responsi&$e corporate citi<en the %o$$owin'

sha$$ &e o r po$icy

E,ide sha$$ s ccess% $$y com&ine shareho$der +a$ e with en+ironmenta$ and socia$ responsi&i$ity. C(> is considered as one o% the key & siness processes, which has &een identi%ied &y the mana'ement and considered critica$ to &e a s ccess% $ or'ani<ation. E,ide sha$$ a$so esta&$ish the s &7processes to interna$i<e this key process with a mechanism to meas re and contro$ the e%%ecti+eness.

The ;o$icy is to he$p peop$e thro 'h a s staina&$e mode$, in s ch a way that they are a&$e to stand on their own %eet and can participate in the economy thro 'h their enhanced capacities.

E,ide %irm$y commits itse$% to do its & siness in a responsi&$e and ethica$ way, so that a positi+e impact is created on society and a$$ its stake ho$ders.

23ide
The &rand name em&odies the +a$ es o% e,ce$$ence, commitment, dependa&i$ity and ser+ice, which has shaped its, character 7$eadership, is a contin in' responsi&i$ity.

The flagship of Exide Industries Limited Distribution Network is the Exide Care. Designed on a platform of common identity elements and specified ser ice standards! these outlets across India are manifestations of Exide"s commitment to superior Customer Care and #er ice. Exide Cares are $ne #top %attery #hops pro iding Total &ower solutions to Customers through Exide"s wide range of &roducts. The Exide Care"s design! ambience! cutting edge ser ice technology and customer focus combine to gi e the Customer a complete 'experience' of the brand. &resently in the wide network of ())) plus Exide authori*ed Dealers across India! there are +)) exclusi e Exide Cares

.7 .onic
Characteri<ed &y power at its peak thro 'ho t its $i%etime, (= (onic is the $timate in power7packed &atteries. Backed &y the techno$o'y o% the wor$d %amo s = r kawa Battery o% Japan, (= (onic has a %ormida&$e $ine p o% mode$s %or a$$ types o% " whee$ers and - whee$ers on )ndian roads. Ho can 'et +ita$ in%ormation on c ttin'7ed'e = r kawa techno$o'ies, 'reat tips on &attery maintenance, $atest news and trends o% the a tomo&i$e ind stry and $ots more %rom this site. 3hat6s more, yo can e+en enCoy c stom & i$t 'ames, down$oad coo$ wa$$ papers and screen sa+ers a&so$ te$y %ree.

SF Super Sonic with C21 alloy is the latest revolution in car batteries. Check out its power packed advantages.

,urukawa patented C-+ alloy to withstand se ere working conditions #uperior starting power! instant ignition .rrestors to pre ent acidic corrosion and sparks Dual plate protection against shocks and ibrations No topping up. /ero maintenance ,actory charged battery

8nd*strial
(tora'e Batteries are an essentia$ reA irement to keep e$ectrica$$y operated eA ipments 'oin' when the mains %ai$. >ai$way, Te$ecomm nications, @e%ense, Minin', 5ospita$s, Air$ines (i'na$in' ? Comm nications..... A$$ depend on E,ide to % $%i$$ their needs %or (tand&y ;ower. >ai$way (ystems, %rom Air conditionin', Train Li'htin' to (i'na$in', @iese$ Loco (tarter, and E$ectric M $tip$e 8nits

depend on E,ide to keep r nnin' smooth$y.(tartin' with &atteries %or =ork Li%t Tr cks, :o$% Carts, E$ectric 3hee$ Chairs, etc., E,ide has steadi$y de+e$oped the techno$o'y %or powerin' e$ectric +ehic$es as we$$ as water +esse$s dri+en &y &attery power. The specia$ power7packs are considera&$y $i'hter and can &e rechar'ed %aster than con+entiona$ &atteries.

Motive Power In many critical sectors batteries are an essential re0uirement to start electrically operated e0uipments and keep it going in absence of main power. ,ork Lift Trucks in 1aterial 2andling .pplications! 1ining Locomoti es! 3olf Cart! %attery operated Electric 4ehicles! Na al applications 5 all depend on Exide to fulfill their needs for #tart up and 1oti e &ower. 2eat #ealed polypropylene Classic! 1agnum 6 3en57 batteries are specially made to meet international standards of 1oti e &ower. .dded to this are other benefits like low initial charging! safety! anti5corrosion! impro ed insulation and minimum electricity consumption! to name a few. They are a ailable in ranges from 8).h to +-)).h and are aimed at 1aterial 2andling in the industrial sector. Exide also offers a complete system of .utomatic 9ater ,illing 5 .:T$,IL ;Topping5:p< of Lead .cid %atteries! -54olt Tubular batteries! &lante batteries = Exide .:T$,IL system is an intelligent and efficient alternati e where replenishment of battery grade water is done automatically without manual inter ention. #tarting with batteries for ,ork Lift Trucks! 3olf Carts! Electric 9heel Chairs! etc.! Exide has steadily de eloped the technology for powering electric ehicles as well as water essels dri en by battery power. The special power5packs are considerably lighter and can be recharged faster than con entional batteries.

.7 8nd*strial
The (= )nd stria$ >an'e o% )nd stria$ Lead Acid Batteries stand %or a& ndant power, nda nted &y the cha$$en'e o% )ndian conditions. A$$ &atteries pro+ide power & t it takes on$y an (= )nd stria$ to per%orm at peak power, a$ways. This match$ess ran'e o% &atteries %or .n$ine 8;(, .%% Line 8;( ? 5ome 8;(

app$ications rede%ines d ra&i$ity, de%ies the years and &reathes new $i%e to power. The power packed (= )nd stria$ &attery does not mere$y $ast $on'. )t Li+es Lon'. (tays (tron'. Thro 'ho t its $on' $i%espan, the power ne+er drops, come what may. ThatIs what makes (= )nd stria$ &atteries so n&eata&$e.