NewsExcel Industries Limited Discloses Resignation of General Manager – Strategy Under SEBI Regulation 30Excel Industries Limited Discloses Resignation of General Manager – Strategy Under SEBI Regulation 30
Excel Industries Limited has disclosed the resignation of Mr. Kapil Kashiv, General Manager – Strategy, effective 8th June, 2026, citing personal reasons. The resignation letter was dated 15th May, 2026, and the disclosure was filed with BSE Ltd. and the National Stock Exchange of India Ltd. under Regulation 30 of the SEBI (LODR) Regulations, 2015. The filing was signed by Company Secretary S K Singhvi and includes an updated list of the company's Senior Management Personnel.
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Excel Industries Limited has disclosed the resignation of Mr. Kapil Kashiv, General Manager – Strategy, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation letter was dated 15th May, 2026, and the disclosure was filed with both BSE Ltd. and the National Stock Exchange of India Ltd. by Company Secretary S K Singhvi.
Resignation Details
Mr. Kapil Kashiv formally tendered his resignation from the post of General Manager – Strategy, citing personal circumstances as the reason for his departure. In his resignation letter addressed to Mr. Ravi Shroff, Executive Director, Mr. Kashiv described his tenure at Excel Industries Limited as deeply fulfilling and expressed gratitude for the opportunities extended to him. He requested to be relieved from the company's services by the close of business on 8th June, 2026.
The key details of the resignation, as disclosed under Schedule III – Para A (7C) of Part A of Regulation 30 of the SEBI (LODR) Regulations, 2015, are summarised below:
| Parameter: | Details |
|---|---|
| Name: | Mr. Kapil Kashiv |
| Designation: | General Manager – Strategy |
| Reason for Cessation: | Personal reasons |
| Date of Resignation Letter: | 15th May, 2026 |
| Last Working Day: | 8th June, 2026 |
Senior Management Personnel
As part of the regulatory disclosure, Excel Industries Limited also provided an updated list of its Senior Management Personnel. The following individuals currently form the senior management team:
| Sr. No. | Name | Designation |
|---|---|---|
| 1 | Mr. Pradeep N Ghattu | President & Chief Operating Officer |
| 2 | Mr. Devendra P. Dosi | Chief Financial Officer |
| 3 | Mr. Surendra K. Singhvi | Company Secretary & VP-CSR |
Regulatory Compliance
The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation letter and the list of Senior Management Personnel were enclosed as annexures to the filing. The company has indicated that this information will also be made available on its official website at www.excelind.co.in .
Historical Stock Returns for Excel Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.30% | +0.56% | -0.66% | -2.05% | -17.89% | -17.48% |
How might the vacancy in the General Manager – Strategy role impact Excel Industries Limited's ongoing strategic initiatives and long-term growth plans?
Will Excel Industries Limited look to hire an external candidate or promote internally to fill the GM – Strategy position, and what timeline can be expected for the replacement?
Given that the updated senior management list does not include a Strategy head, how will strategic decision-making be managed in the interim period?
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