Excel Industries Limited has informed stock exchanges about the submission of a promoter reclassification application to BSE for regulatory approval. The company disclosed this development under Regulation 31A (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Approval and Application Process

The company's Board of Directors had previously approved the reclassification request on 3rd February, 2026. The application seeks to reclassify the status of a promoter from Promoter group category to Public category. Excel Industries has now completed the formal submission process to BSE with all required documentation.

Submission Timeline

The company followed a structured approach for the application submission:

Regulatory Framework

The disclosure was made in compliance with SEBI regulations governing promoter reclassification. The application includes all requisite documents as mandated by the regulatory framework. The company is now awaiting BSE's approval for the proposed reclassification.

Current Status

Excel Industries has completed its part of the application process and submitted all necessary documentation to BSE. The exchange will now review the application and supporting documents before making a decision on the reclassification request. Company Secretary Surendra K Singhvi signed the disclosure document on 24th February, 2026.

Excel Industries Limited announced its unaudited financial results for the quarter ended December 31, 2025, showcasing robust performance across key financial metrics. The company delivered strong growth in profitability and revenue, demonstrating effective operational execution during the quarter.

Financial Performance Overview

The company's Q3FY26 standalone results reflected impressive growth momentum with significant improvements in both top-line and bottom-line performance. Excel Industries achieved substantial year-over-year growth across all major financial parameters.

Profitability and Margin Analysis

Excel Industries demonstrated strong profitability growth with net profit reaching ₹83.99 crores compared to ₹63.96 crores in the corresponding quarter of the previous year. This represents a substantial increase of 31.31%, indicating improved operational efficiency and effective cost management strategies.

The company's revenue from operations grew to ₹2,334.53 crores from ₹1,964.10 crores, marking an 18.87% year-over-year increase. Total income for the quarter stood at ₹2,383.13 crores, up from ₹2,014.75 crores in Q3FY25.

Earnings Per Share Performance

The company's earnings per share (EPS) for the quarter improved significantly, reflecting the strong bottom-line performance. With a paid-up equity share capital of ₹62.85 crores (face value of ₹5 per share), the enhanced profitability translated into better returns for shareholders.

Regulatory Compliance and Corporate Governance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 3, 2026. The results have been prepared in compliance with Indian Accounting Standards (Ind AS) and reviewed by Price Waterhouse Chartered Accountants LLP, ensuring adherence to regulatory requirements and maintaining transparency in financial reporting.