Exide Industries picks Maheshwari Datamatics as share registrar
- Capital raise
- batteries
Reviewed byKeshav SehgalBlacklitt Research
Exide Industries (NSE: EXIDEIND) has approved a change of Registrar and Share Transfer Agent from MUFG Intime India Private Limited to Maheshwari Datamatics Private Limited, it said in a filing on 04 Nov 2026. The switch depends on several steps, and its effective date has not been set.
Key highlights
- New RTA: Maheshwari Datamatics Private Limited
- Existing RTA: MUFG Intime India Private Limited, serving until the change
- Board approval: 04 Nov 2026
- Effective date: not yet set, to be intimated separately
The RTA change in brief
| Item | Detail |
|---|---|
| Existing RTA | MUFG Intime India Private Limited |
| Proposed RTA | Maheshwari Datamatics Private Limited |
| Registrar category | SEBI-registered Category-I Registrar and Share Transfer Agent, headquartered in Kolkata |
| Board approval | 04 Nov 2026 |
| Effective date | Not set; the company will intimate it separately |
| Conditions | NOC from the existing RTA, tripartite agreements, and change of connectivity by NSDL and CDSL |
Who would take over the registry work
The board approved a proposal to change the Registrar and Share Transfer Agent (RTA) from MUFG Intime India Private Limited to Maheshwari Datamatics Private Limited. The filing describes the incoming firm as a SEBI-registered Category-I Registrar and Share Transfer Agent headquartered in Kolkata.
An RTA keeps a company's shareholder records and handles share transfer work for its shareholders, so the change moves that record-keeping from one firm to another.
Steps before the switch takes effect
The company says the formalities, including documentation, execution of agreements, shifting of electronic connectivity and transition of data, will be processed in due course.
The change depends on a No Objection Certificate from MUFG, completion of tripartite agreements, and a change of connectivity by NSDL and CDSL. Until then, the company says MUFG shall continue to render RTA services to the company and its shareholders.
What the RTA change means for Exide Industries' shareholders
Shareholder services stay with MUFG Intime for now, and the move to Maheshwari Datamatics happens only after the listed conditions are met. The company says it will intimate the effective date separately, and no date has been set.
Not stated: the reason for the change, the fees or cost involved, and the date by which MUFG's NOC will be received. The next step is the company's separate notice of the effective date.
Filed with BSE on . Reference: Original filing (PDF)
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