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Tuesday, April 22, 2008

Exide Industries`board recommends 40% dividend

Exide Industries board recommended dividend of Re 0.40 a share on face
value of Re 1 a share (40%) for the financial year ended Mar. 31,
2008, subject to approval of the company shareholders.

Exide Industries manufactures and markets secondary lead acid storage
batteries covering every facet of automotive and industrial
applications. The company caters to multinationals like Siemens and
Ericsson and other major players such as TVSE, HTL, Tata Liebert,
Numeric and ITI. Exide exports batteries which have captured niches in
South-East Asian and European markets


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