Excel Industries has informed the stock exchanges of an upcoming Board of Directors meeting scheduled for Friday, May 22, 2026. The notice has been issued in accordance with Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The Board meeting has been convened to address key financial matters for the concluded fiscal year. The following items are on the agenda:

• Audited Financial Results: Consideration and approval of the audited financial results for the year ended March 31, 2026
• Dividend Recommendation: Consideration of dividend recommendation, if any, for the financial year 2025-26

Trading Window Closure

In continuation of the company's earlier communication dated March 27, 2026, the trading window for dealing in Excel Industries' securities will remain closed in accordance with the company's Code of Conduct for Prevention of Insider Trading. The key dates related to the trading window are summarised below:

All individuals to whom the Code of Conduct for Prevention of Insider Trading is applicable have been advised to refrain from trading in the company's securities during the closure period. The trading window, however, remains open for general investors throughout this period.

Regulatory Compliance

The intimation has been filed with BSE Ltd. and the National Stock Exchange of India Ltd. as required under applicable SEBI listing regulations. The notice is signed by S K Singhvi, Company Secretary, on behalf of Excel Industries Limited, and is dated May 11, 2026.

Excel Industries Limited has successfully obtained regulatory approval for the reclassification of a promoter shareholder from both major Indian stock exchanges. The company announced that it has received formal approval from the National Stock Exchange of India Limited and BSE Limited for reclassifying Mrs. Malti D. Bhatia from the "Promoter" category to "Public" category under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Approval Details

The approvals were granted on April 16, 2026, with both exchanges issuing their no-objection letters on the same date. The National Stock Exchange issued its approval vide letter No. NSE/LIST/COMP/EXCELINDUS/577/2026-2027, while BSE Limited granted approval through letter No. LIST/COMP/KR/033/2026-27. This follows the company's initial application submitted on February 06, 2026, and subsequent correspondence dated January 28, February 03, and February 24, 2026.

Shareholding Impact

The reclassification involves a specific shareholding transition that affects the company's promoter structure:

Official Documentation

The company has received comprehensive documentation from both stock exchanges confirming the approval. The National Stock Exchange approval was signed by Apeksha Raichura, Manager – Listing Compliance, while the BSE approval was signed by Jayshree Soni, Deputy Vice President, Listing Compliance, and Krishna Rathi, Deputy Manager, Listing Compliance. Both approvals were digitally signed and include copies to National Securities Depository Limited and Central Depository Services Limited.

Compliance Requirements

Both stock exchanges have mandated that Excel Industries Limited ensure compliance with subsequent relevant disclosures of material events related to this reclassification. The company must adhere to the applicable provisions of Regulation 31A of SEBI (LODR) Regulations, 2015, for all future disclosures connected to this shareholding category change. The approval letters from both stock exchanges have been enclosed with their regulatory filing for reference purposes, and this information is available on the company's official website at www.excelind.com .

Regulatory Framework

This reclassification falls under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which governs the process for reclassification of promoters and promoter group members. The regulation provides a structured framework for such transitions, ensuring proper regulatory oversight and stakeholder protection while maintaining market transparency.