Excel Industries appoints Mahtabuzzaman as Nominee Director

Excel Industries Limited has appointed Mr. Mahtabuzzaman as a Nominee Director after securing shareholder approval through a remote e-voting process. The resolution to appoint the director received 99.99% assent from the valid votes polled, solidifying the company's leadership structure. The appointment was confirmed via a postal ballot conducted under Section 110 of the Companies Act, 2013.

The remote e-voting period commenced on June 15, 2026, and concluded on July 14, 2026. A total of 6,295,388 valid votes were cast, with 6,295,204 votes in favour and 184 against. The voting participation was spread across Promoter and Promoter Group, Public-Institutions, and Public-Non Institutions categories.

Voting Results Breakdown

The table below details the voting pattern across different shareholder categories for the ordinary resolution.

Category	No. of Shares Held	No. of Votes Polled	Votes in Favour	Votes Against	% of Favour Votes
Promoter and Promoter Group	6,474,659	5,358,682	5,358,682	0	100.00
Public-Institutions	1,116,713	894,444	894,444	0	100.00
Public-Non Institutions	4,979,320	42,262	42,078	184	99.56
Total	12,570,692	6,295,388	6,295,204	184	100.00

Procedural Details

Mr. Prashant Diwan, a Practicing Company Secretary, served as the Scrutinizer for the postal ballot. The votes were unblocked on July 14, 2026, in the presence of witnesses CS Nikunj Kiri and Heet Zaveri. The company affirmed that Mr. Mahtabuzzaman is not barred from holding the office of Director by any SEBI order or other authority. The detailed results have been submitted to BSE Ltd. and National Stock Exchange of India Ltd.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.64%	+1.18%	-2.68%	-1.21%	-32.88%	-26.43%

Excel Industries has disclosed the newspaper publication of its postal ballot notice seeking shareholder approval for the appointment of Mr. Mahtabuzzaman as a Nominee Director. The notice was published in Business Standard, Free Press Journal, and Navshakti on June 13, 2026. The resolution concerns the appointment of the candidate, who was nominated by LIC of India and initially appointed as an Additional Director by the Board on May 22, 2026.

Resolution Details

The special business seeks to appoint Mr. Mahtabuzzaman as a Nominee Director, with his tenure liable to be determined by the retirement of directors by rotation. The company received a notice from a member proposing his candidature under Section 160 of the Companies Act, 2013. The Board recommends the ordinary resolution for approval.

E-voting Schedule

Shareholders whose names appear in the Register of Members or List of Beneficial Owners as of June 05, 2026, are eligible to vote. The remote e-voting facility will be available during the following period:

Event	Date and Time
Commencement of Remote E-voting	Monday, June 15, 2026 (09:00 A.M.)
End of Remote E-voting	Tuesday, July 14, 2026 (05:00 P.M.)

The resolution will be deemed passed upon receiving the requisite number of assent votes by the end of the e-voting period on July 14, 2026. The results will be announced within two working days of the conclusion of the postal ballot process.

Director Profile

Mr. Mahtabuzzaman brings over 36 years of experience in the life insurance industry, having served as an Executive Director at the Life Insurance Corporation of India (LIC). He holds a B.Sc, PGEP from IIM Ahmedabad, FIII, and D.HINS. His professional background includes extensive work in operations, marketing, and regulatory environments.

Attribute	Details
Name	Mahtabuzzaman
DIN	11635001
Date of Birth	27/04/1966
Date of Appointment on Board	May 22, 2026
Shares held in the Company	Nil
Directorship in other public companies	Nil