CORE VALUES:

• Customer Orientation

• Personal Integrity & Commitment • Teamwork and Mutual Support

• People Development and Involvement • Striving for Excellence

• Management by Processes and Facts • Responsible Corporate Citizen.  BOARD OF DIRECTORS

No. Designation Name

01 Chairman Emeritus S.B Ganguly

02 Chairman & Non Executive Director R.G. Kapadia 03 Vice Chairman & Non-Executive Director R.B. Raheja 04 Managing Director & Chief Executive Officer T.V. Ramanathan 05 Director – Industrial G. Chatterjee 06 Director – Automotive P.K. Kataky 07 Director – Research & Development S.K .Mittal 08 Director – Finance & Chief Financial Officer A.K. Mukherjee 09 Non Executive Director Vijay Aggarwal 10 Non Executive Director H. M. Kothari 11 Non Executive Director Bhaskar Mitter 12 Non Executive Director S.N. Mookherjee 13 Non Executive Director A.H. Parpia 14 Non Executive Director S.B. Raheja 15 Non Executive Director W. Wong

 PRODUCTS OF THE COMPANY:

(1) EXIDE: Exide The brand name embodies the values of excellence,

commitment, dependability and service, which has shaped its, character -leadership, is a continuing responsibility. He flagship of Exide Industries Limited Distribution Network is the Exide Care. Designed on a platform of common identity elements and specified service standards, these outlets across India are manifestations of Exide's commitment to

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superior Customer Care and Service. Exide Cares are One Stop Battery Shops providing Total Power solutions to Customers through Exide's wide range of Products. The Exide Care's design, ambience, cutting edge service technology and customer focus combine to give the Customer a complete "experience" of the brand. Presently in the wide network of 3000 plus Exide authorized Dealers across India, there are 100 exclusive Exide Cares.

(2) SF SONIC: SF Sonic Characterized by power at its peak throughout its

lifetime, SF Sonic is the ultimate in power-packed batteries. Backed by the technology of the world famous Furukawa Battery of Japan, SF Sonic has a formidable line up of models for all types of 4 wheelers and 2 wheelers on Indian roads. You can get vital information on cutting-edge Furukawa technologies, great tips on battery maintenance, latest news and trends of the automobile industry and lots more from this site. What’s more, you can even enjoy custom built games, download cool wall papers and screen savers absolutely free.

(3) INDUSTRIAL: Industrial Storage Batteries are an essential requirement

to keep electrically operated equipments going when the mains fail. Railway, Telecommunications, Defense, Mining, Hospitals, Airlines Signaling & Communications... All depend on Exide to fulfill their needs for Standby Power. Railway Systems, from Air conditioning, Train Lighting to Signaling, Diesel Loco Starter, and Electric Multiple Units depend on Exide to keep running smoothly. Starting with batteries for Fork Lift Trucks, Golf Carts, Electric Wheel Chairs, etc., Exide has steadily developed the technology for powering electric vehicles as well as water vessels driven by battery power. The special power-packs are considerably lighter and can be recharged faster than conventional batteries.

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 NEW PRODUCTS

• During the year under review, your company entered into an agreement to jointly develop bipolar technology with a UK based Research organization - Atraverda Limited. Key technology issues in development of bipolar batteries have been identified with the intent of creating a Pilot Plant at Chinchwad, to establish the production technology. Low height batteries in the ATB brand for DIN applications, commenced manufacture at Taloja from August 2007. The tele-tubular range of industrial batteries, were introduced into production at the Shamnagar Plant, from September 2007 onwards. The Sonic Jumbo range above 100Ah, for the full range, started production from October 2007. A new battery for General Motors was designed to replace a competitor’s product. Perhaps the most significant new product to come out of R&D during the year under review was the battery for the Tata Motors Nano car. In view of the innovative features included in this battery, a design registration has been filed in India.

• An application for an International Patent for Advanced Hybrid Maintenance free technology has been initiated in partnership with Daramic of USA, who has supplied a special separator design,

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jointly for this purpose. Field trials have commenced for maintenance free batteries at ABML Sri Lanka, where introduction of the entire maintenance free range, is planned from June 2008. Tests are in progress for a maintenance free version of a flat plate inverter battery, which would be added some time during the year. • An extended stand-by range in transparent containers was

introduced into production at Hosur in January 2008. An upgraded version of the maintenance free range of motorcycle batteries, with a warranty of thirty six months, is proposed to be manufactured at Chinchwad from May 2008. The new Research block which was inaugurated at the R&D Centre in the earlier year, has added to the company’s capabilities for conducting in-house tests.

 PLANT AND ADDRESS:

Address Type Address

Shamnagar 91 New Chord Road, ,Athpur,,Shamnagar, 24 Parganas

West Bengal-743128 Haldia Durgachak,,Haldia,,

Midnapur Dist

West Bengal-721602

Bawal Plot No. 179, ,Sector 3,,H S I D C Growth Centre, Bawal

Haryana-123501

Chinchwad D2, ,M I D C Industrial Estate,,Chinchwad East Pune

Maharashtra-411019

Taloja Plot No. T-17 ,M I D C Taloja Industrial Area, Taloja

Maharashtra-410208

Hosur Chichurakanapalli,,Sevaganapalli Panchayat,,Hosur Taluk,

Dharmapuri Dist Tamil Nadu-635103

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The following table depicts the ISO certifications of the Company’s various Plants:

ISO 9001 TS-16949 ISO 14001 OHSAS 18001

Haldia Hosur Shamnagar Taloja Chinchwad Bawal

(A) Company’s Plant at Shamnagar, West Bengal is an ISO-9001 & ISO-14001

Certified by TUV-NORD, Germany. It has secured the following awards and recognitions:

• Certificate of Appreciation for Commendable Effort in Total Quality – by

CII – 2003

• Certificate of Appreciation for Commendable Effort in Energy

Conservation – by CII – 2003

• Certificate of Merit for Most Significant Achievement in Total Quality

Management– by CII-2004 & 2005

• Certificate of Appreciation for Best Practice in Industrial Relations – by

CII –2005-06

• 1st Position for Sustaining a High level of Productivity Award Contest –

by CII – 2006-07

• Most Significant Improvement in TQM Quality Award Contest – by CII –

2006-2007

(B) Company’s Plant at Haldia, West Bengal is an ISO-9001 and ISO 14001

certified by TUV-NORD, Germany. It has secured the following awards and recognitions:

• Quality Award by CII-2003 & 2006

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• Safety Award from CII- 2003

• Award for Best Practices in Industrial Relations – by CII -2004 • Indal Trophy for HRD- by CII- 2005 & 2007

• Productivity Award- by CII-2005

• Certificate of Appreciation for Energy Conservation- by CII- 2005

• Environment Excellence Award- by West Bengal Pollution Control Board

& Indian Chamber of Commerce - 2005

• ITC Trophy for Safety, Health & Environment - by CII – 2007

(C) Company’s Plant at Hosur, Tamilnadu is an ISO-9001, ISO / TS-16949 and

ISO-14001 certified by TUV-NORD of Germany. It has secured the following awards and recognitions

• 100 PPM award from OEM customer American Power Corporation –

January ’03

:

• Quality award from OEM customer Toyota - April ’03 & April ‘04 • Safety award from Government of Tamilnadu - April’03

• 100 PPM award from OEM customer Hyundai - June’03 • Zero PPM Award from OEM customer Toyota – April’04 • Green award from OEM customer Toyota - April’04

• Best Quality supplier award from OEM customer Toyota – April’05 • Zero PPM award from OEM customer Toyota- April’05

• Quality Delivery Award from OEM customer Toyota - April’05

• First Prize in Best Garden Competition (Industrial Category) awarded by

Mysore Horticulture Society – 2005

• Leadership and Excellence Award in Safety , Health & Environment by CII

–2006

• Indian Manufacturing Excellence – “Gold” Award –for Automotive

Ancillary Category from Frost & Sullivan in 2006

• CII-EXIM Bank Award for Strong Commitment to Excel by CII in 2006 • 6th TERI Corporate Environmental Award- May’ 07

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(D) Company’s Plant at Taloja, Maharashtra is an ISO / TS-16949 & ISO 14001

Certified. It has secured the following awards and recognitions

• Supplier Award – Certificate of Appreciation- by Honda Siel Cars India

Limited in 2002.

:

• 1st Company to be put on MPCB Website for using secured landfill in

2003.

• Quality Silver Award by Bajaj in 2006.

(E) Company’s Plants at Chinchwad, Maharashtra and Bawal, Haryana are ISO /

TS – 16949 and ISO – 14001 certified by TUV – NORD and the one at Kanjurmarg, Maharashtra is an ISO – 9001 certified by TUV – NORD.

(F) The Company also secured Best SMF Battery Award for three consecutive

years –2005-2006-2007

 _{HUMAN RESOURCES:}

The company had 3888 nos. permanent employees as at the end of March 2008. The training needs for the managerial category of employees is assessed by the HR department, at the beginning of the year and a number of programmes are organized with both in-house and external experts to deliver need-based training. The directors of the company wish to place on record the appreciation of the contribution by all employees of the company in ensuring high levels of performance and efficiency, which has helped your company to scale higher pinnacles of success. The company also desires to place on record, its appreciation of the support and co-operation of the distributors, C&F Agents, dealers, bankers and all others associated as partners in the company’s growth.

 CORPORATE GOVERNANCE:

The company believes that transparency is the cornerstone of your company’s philosophy and all requirements of corporate governance are

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adhered to, both in letter and spirit. As you are aware, your company has a model code for "Insider Trading" which was introduced in the year 2004. In addition, your company continues to maintain a strong internal control system, backed up by dedicated internal audit teams, which work on a regional basis. The company is in compliance with all requirements of Clause 49 of the Listing Agreement.

HONEST AND ETHICAL CONDUCT:

All executives are expected to act in accordance with the highest standards of personal and professional integrity, honesty and ethical conduct, while working on the company’s premises, at company sponsored business and social events, or at any other place where executives represent the company. Honest conduct is understood as such conduct that is ethical, free from fraud or deception and conforming to the accepted professional standards. Ethical conduct includes the ethical handling of actual or apparent conflicts of interest between personal and professional relationships.