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Amara Raja Batteries Limited(ARBL), the flagship company of the Amara Raja Group, is the technology leader and is one of the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry.
ARE&M's Board approved significant new investments: Rs 500 Cr in Amara Raja Advanced Cell Technologies for Gigafactories, and Rs 50 Cr in Amara Raja Power Systems for operational needs. This expands existing commitments, fueling strategic growth and capacity.
Amara Raja's subsidiary launched a Customer Qualification Plant in Telangana, investing ₹500 Cr. This 60 MWh facility will produce Li-ion cells for OEM validation, accelerating India's battery ecosystem. Commercial production targets 2 GWh by 2027, part of a ₹9,500 Cr Gigafactory program.
Amara Raja Energy & Mobility established an ESOS Trust to manage its 2025 Employee Stock Option Scheme for talent retention. An initial corpus of 0.01 Cr was transferred. The Trust will acquire shares via secondary acquisition or company funding for employee benefits.
Amara Raja Energy & Mobility's Board approved Mr. Annush Ramasamy's re-appointment as an Independent Director for a second five-year term. This move, pending shareholder approval via Postal Ballot, aims to leverage his strategic leadership and diverse industry experience.
Company received a fine from NSE for a one-day delay in its Related Party Transactions XBRL filing, attributed to an inadvertent oversight. The fine has been paid. The Board noted the issue and advised strengthening internal compliance mechanisms to prevent recurrence.