Excel Industries Limited announced that the Board of Directors, in a meeting held on February 3, 2026, has approved the request of Mrs. Malti Bhatia, a member of the promoter group, to be reclassified from the promoter group category to the public category. Mrs. Malti Bhatia holds 104,082 equity shares, representing 0.83% of the company's total paid-up share capital. Her application for reclassification was considered and approved by the Board, subject to the necessary approvals from the stock exchanges (BSE and NSE) and any other regulatory authorities. The company has submitted the extract of the Board meeting minutes as per Regulation 31A(8)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mrs. Bhatia has confirmed that she meets all the criteria for reclassification, including not holding more than 10% voting rights, not exercising control, and not having any special rights or board representation. She has also committed to complying with the ongoing requirements for a period of not less than three years post-reclassification.
