Excel Realty N Infra Proposes Major Changes: Share Capital Hike, Name Change, Director Appointments
Excel Realty N Infra Limited has announced a series of significant proposals to be put forth for shareholder approval via postal ballot. The company intends to increase its authorized share capital fr...
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Why is Excel Realty N Infra Limited in the news today?
Excel Realty N Infra Limited (EXCEL) is in the news due to the company is undertaking multiple strategic initiatives including a significant capital increase, diversification into the energy sector, and changes in directorship, all aimed at future growth and attracting investment. the increase in nri/oci investment limits is a positive step for capital inflow.
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Excel Realty N Infra Proposes Major Changes: Share Capital Hike, Name Change, Director Appointments
December 23, 2025, 11:54 AM
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Excel Realty N Infra Limited has announced a series of significant proposals to be put forth for shareholder approval via postal ballot. The company intends to increase its authorized share capital from ₹500 crore to ₹7,500 crore, a substantial expansion aimed at facilitating future growth.
Furthermore, the company proposes to amend its Memorandum of Association to include new business objectives related to energy and power generation, including renewable sources like solar, wind, and hydrogen, as well as the trading of energy derivatives and biofuels.
Key personnel changes are also on the agenda. Mr. Garvit Agarwal is proposed to be appointed as a Whole-Time Director for a period of three years with remuneration up to ₹24,00,000 per annum. Ms. Runel Saxena is proposed for appointment as a Non-Executive Independent Director for five years. Mr. Ankit Mehra's designation is proposed to be changed from Whole-Time Director to Managing Director for three years, with similar remuneration terms. Mr. Lakhmendra Chamanlal Khurana will be re-designated from Chairman and Managing Director to Director without remuneration for three years.
A pivotal proposal is the change of the company's name from Excel Realty N Infra Limited to Landsmill Green Limited, subject to regulatory approvals. The company also seeks approval to create charges on its assets, properties, or undertakings up to ₹500 crore to secure borrowings, and to increase its overall borrowing limits to ₹500 crore.
In a significant move to attract foreign investment, the company proposes to increase the aggregate investment limit for Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) from 10% to 100% of the paid-up equity share capital on a fully diluted basis, with individual holdings capped at 5%.
The postal ballot voting period commences on December 24, 2025, at 10:00 A.M. and concludes on January 22, 2026, at 5:00 P.M. The results are expected to be declared on or before January 23, 2026. The cut-off date for determining eligible shareholders is December 19, 2025.
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