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:

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.

Documentation and Transparency

The company has confirmed that the approval letters from both stock exchanges have been enclosed with their regulatory filing for reference purposes. Additionally, Excel Industries Limited has stated that this information will be made available on the company's official website at www.excelind.com , ensuring transparency and accessibility for stakeholders.

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.

Excel Industries Limited has announced the opening of a special window for transfer and dematerialisation of physical shares, providing relief to investors who have been unable to process their share transfers due to regulatory changes implemented in 2019.

Special Window Details and Timeline

The special window will remain operational until February 04, 2027, as per SEBI Circular SEBI/HO/38/13/11(2)/2026-MIRSD-POD/1/3750/2026 dated January 30, 2026. This extended timeline provides ample opportunity for eligible shareholders to complete their pending transfer and dematerialisation processes.

Eligibility Criteria and Requirements

The facility is specifically designed for investors who purchased physical shares of Excel Industries Limited prior to April 01, 2019, and fall into one of two categories:

• Investors who had not lodged their shares for transfer
• Investors who had lodged shares for transfer but faced rejection, return, or non-processing due to documentation deficiencies

The company has provided a comprehensive eligibility matrix to help investors determine their qualification status:

Documentation and Process Requirements

Investors seeking to utilise this special window must ensure they possess original share certificates along with transfer deeds and supporting documents. Only requests accompanied by complete original documentation will be considered under this facility.

Regulatory Compliance and Disclosure

Pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Excel Industries Limited has published newspaper advertisements to notify shareholders about this special window. The advertisements appeared in the following publications:

Contact Information for Investors

Investors wishing to avail themselves of this special window should contact the company's Registrar & Transfer Agent (RTA), MUFG Intime India Private Limited (formerly Link Intime India Private Limited). The RTA can be reached at C 101, 247 Park, L.B.S Marg, Vikhroli (West), Mumbai, Maharashtra 400083, with phone number 022 49186000 and email rnt.helpdesk@in.mps.com .

Company Information

Excel Industries Limited, with CIN L24200MH1960PLC011807, maintains its registered office at 184-87, S V Road, Jogeshwari (West), Mumbai-400 102. The notice was signed by S.K. Singhvi, Company Secretary, and dated April 11, 2026, from Mumbai.