Excel Realty N Infra Limited has formally submitted a Certificate of Practicing Chartered Accountant to the Bombay Stock Exchange and National Stock Exchange of India under Regulation 45 of SEBI (LODR) Regulations, 2015. The submission relates to the company's proposed name change from "Excel Realty N Infra Limited" to "Landsmill Green Limited."

Regulatory Compliance Certificate

The certificate was issued by CA Aman Mittal, Partner at Garg Agrawal & Agrawal (Firm Registration No.: 016137N), confirming the company's compliance with all necessary regulatory conditions for the proposed name change. The certification was completed on March 5, 2026, and subsequently submitted to the stock exchanges on March 9, 2026.

Key Compliance Requirements

The chartered accountant's certificate validates several critical compliance parameters required under SEBI regulations:

Financial Performance Details

The certificate includes a detailed breakdown of the company's revenue streams as of December 31, 2025:

The certification confirms that the company's trading revenue meets the required 50% threshold of total revenue in the preceding one-year period, satisfying a key regulatory requirement for the name change process.

Corporate Process Timeline

The certificate submission forms part of the company's Postal Ballot Notice dated December 22, 2025, indicating the formal shareholder approval process for the proposed name change. Managing Director Ankit Mehra (DIN: 07669838) signed the submission letter on behalf of the board of directors.

Exchange Communication

The company has communicated with both major stock exchanges where it is listed. On BSE, the company trades under scrip code 533090 with scrip ID EXCEL, while on NSE it uses the trading symbol EXCEL. The formal submission ensures compliance with listing obligations and maintains transparency with regulatory authorities throughout the name change process.

Excel Realty N Infra Limited has announced its financial results for the quarter ended December 31, 2025, alongside significant board-level appointments that mark a strategic governance restructuring for the Mumbai-based real estate and infrastructure company.

Financial Performance Overview

The company's standalone financial performance for Q3FY26 showed a marked decline compared to the previous year. Excel Realty reported a net loss of ₹26.66 lacs for the quarter, a significant reversal from the net profit of ₹148.82 lacs recorded in Q3FY25.

The dramatic decline in operational income, which fell to zero from ₹510.39 lacs in the previous year, indicates a significant reduction in the company's core business activities during the quarter. However, the company maintained some revenue through other income sources totaling ₹176.72 lacs.

Nine-Month Performance Analysis

Despite the challenging third quarter, Excel Realty's nine-month performance for FY26 remained in positive territory. The company reported a standalone net profit of ₹110.88 lacs for the nine months ended December 31, 2025, compared to ₹324.17 lacs in the corresponding period of FY25.

Board Restructuring and New Appointments

In a significant governance development, the Board of Directors approved the appointment of three new Additional Non-Executive Independent Directors, all subject to shareholder approval:

Key Appointments

Mr. Arihant Bhansali (DIN: 11508218) brings over 10 years of experience as an Account and Compliance Manager, with expertise in managing finance and regulatory compliance for high-turnover organizations. A qualified Company Secretary from ICSI (2014), he has experience with organizations having turnover exceeding ₹470 crores and currently serves as Company Secretary at Web Element Solutions Limited.

Ms. Daksha Nag (DIN: 11405929) is an LLB graduate with diversified experience across legal practice, corporate compliance, and professional content development. She has hands-on exposure to NCLT proceedings and experience in corporate compliance, including annual filings, XBRL filings, and legal documentation.

Ms. Hema Sadnani (DIN: 08505179) holds a postgraduate degree in Arts from the University of Rajasthan and brings expertise in strategic marketing communication and content creation. She currently serves as Director at Uzma Solutions Private Limited and has experience in campaign strategy development and brand management.

Committee Reconstitution

Alongside the new appointments, the Board approved the reconstitution of three critical committees:

• Audit Committee
• Nomination and Remuneration Committee
• Stakeholder Relationship Committee

All three new directors have been confirmed as not being debarred from holding directorial positions by SEBI or any other regulatory authority, and none hold any shareholding in the company.

Segment Performance and Trading Window

The company's segment-wise analysis revealed varied performance across its business verticals, with Infrastructure Activity and Trading Activity showing mixed results. The Board meeting, which commenced at 4:00 PM and concluded at 6:10 PM on January 29, 2026, also announced that the trading window for designated persons would reopen from February 1, 2026, following the completion of financial result disclosures.

The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) and have been reviewed by the Audit Committee before Board approval. The company's paid-up equity share capital remains unchanged at ₹14,106.95 lacs with a face value of ₹1 each.