Exide Industries Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2021

1. The Company's operating segments have been aggregated as a single operating segment of "Storage Batteries and Allied Product". Hence, no separate segment information is disclosed.



2. Revenue from Operations is net of trade discounts / trade incentives.



3. The figures for quarters ended March 31, 2021 and March 31, 2020 are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the end of the third quarter of the relevant financial year. The published YTD figures upto the end of 3rd quarter of the relevant financial year were subject to Limited Review.



4. The Company has considered the possible risk that may result from the pandemic relating to COVID-19 and expects to recover the carrying amount of all its assets including inventories, receivables, investments and other financial and non-financial assets in the ordinary course of business based on the internal and external information available upto the date of approval of these financial results. The Company is continuously monitoring any material changes in future economic conditions..



5. The Board has declared interim dividend for the year 2020-21 of Rs.2.00 per share (200% on the face value of Re. 1/- each) (previous year 410%) at the Board meeting held on January 29, 2021 and paid during the quarter ended March 31,2021.



6. The aforementioned results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on April 29, 2021.