Excel Realty N Infra Secures NSE Waiver for Regulatory Non-Compliance

Excel Realty N Infra Limited , formerly known as Excel Infoways Ltd., has successfully obtained approval from the National Stock Exchange of India (NSE) for a waiver of fines related to alleged non-compliance with listing regulations. The company received this favorable decision on November 4, 2025.

Waiver Details

The NSE has approved Excel Realty N Infra's application for waiver of fines pertaining to non-compliance with the following regulations for the quarter ended June 30, 2025:

Regulation	Description
18(1)	Audit Committee
19(1)/(2)	Nomination and Remuneration Committee
20(2)/(2A)	Stakeholders Relationship Committee

Compliance Timeline

Excel Realty N Infra had initially intimated the stock exchanges about this matter on August 30, 2025. Following this, the company submitted a waiver application to the NSE, which was reviewed and approved by the Relevant Authority of the Exchange.

NSE's Advisory

While granting the waiver, the NSE has advised Excel Realty N Infra to ensure compliance with Listing Regulations and any other applicable regulations in the future. This underscores the importance of maintaining regulatory adherence for listed companies.

Company's Disclosure

In compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015, Excel Realty N Infra promptly disclosed this development to both the NSE and the Bombay Stock Exchange (BSE) on November 5, 2025. The disclosure was signed by Lakhmendra Khurana, the Chairman & Managing Director of the company.

This waiver approval comes as a positive development for Excel Realty N Infra, potentially alleviating financial penalties and reinforcing the importance of regulatory compliance in the Indian stock market.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.28%	-2.53%	+3.36%	+105.33%	+14.93%	+2,100.00%

Excel Realty N Infra Limited , formerly known as Excel Infoways Ltd., has announced a significant board meeting scheduled for November 11, 2025. The meeting, set to take place at the company's registered office in Mumbai, will address several crucial agenda items that could potentially reshape the company's future direction.

Key Agenda Items

The board meeting will cover a wide range of important topics:

Agenda Item	Description
Financial Results	Consideration and approval of unaudited standalone and consolidated financial results for Q2 and H1 FY2026
Authorized Share Capital	Proposed increase, subject to shareholder approval
Company Name Change	Consideration of a new company name, pending shareholder approval
Fundraising Reconsideration	Review of decisions made in the October 6, 2025 board meeting regarding fund raising
Revised Fundraising Proposals	Evaluation of new proposals for raising funds through various means including preferential allotment, convertible warrants, and Qualified Institutional Placement (QIP)
Board Changes	Appointment of Mr. Garvit Agarwal as Executive Director and resignation of Ms. Ranjana Khurana Lakhmendra from her Executive Director position
Memorandum of Association	Proposed amendments to the Object Clause
Registered Office	Potential relocation, subject to shareholder approval

Implications for Investors

These agenda items suggest that Excel Realty N Infra Limited may be considering significant changes. The proposed increase in authorized share capital and the evaluation of various fundraising options indicate that the company might be planning for expansion or major investments. The potential name change and amendments to the Memorandum of Association could signal a shift in the company's strategic direction or focus.

Trading Window Closure

In compliance with SEBI regulations and the company's code of conduct for prevention of insider trading, Excel Realty N Infra has implemented a trading window closure. This closure will be in effect from the date of the meeting announcement until November 14, 2025, applicable to directors and specified persons as defined in the company's code.

Investors and market watchers will be closely monitoring the outcomes of this board meeting, as the decisions made could have significant implications for the company's future trajectory and shareholder value.