Exide Industries shares drop after board postpones results amid I-T Dept survey
Published on 30/10/2025 04:41 PM
Exide Industries shares drop after board postpones results amid I-T Dept surveyExide Industries clarified that there has been no material impact on its business operations due to the ongoing action.By CNBCTV18.com October 30, 2025, 4:41:16 PM IST (Published)1 Min ReadShares of Exide Industries were trading lower after the company postponed its results announcement, citing an ongoing Income Tax department survey at its offices and manufacturing units across India since October 29, 2025.
"The proceedings are underway, and the company is extending its full cooperation to the department," Exide Industries said in an exchange filing.
The company also clarified that there has been no material impact on its business operations due to the ongoing action.
Exide added that it will inform the revised date of the board meeting in due course.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsExide Industries