Disclosure under Regulation 30 for appointment of Director
EXCELINDUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Excel Industries Ltd has appointed Mr. Mahtabuzzaman as Additional Director designated as Nominee Director with effect from 22nd May, 2026. The appointment is subject to approval by shareholders via postal ballot. Mr. Mahtabuzzaman brings over 36 years of experience from the life insurance industry, having served as Executive Director at Life Insurance Corporation of India (LIC) in 2022 and working on deputation with IRDAI for three years. He is not related to any existing directors of the company and is not debarred from holding director office. The board meeting lasted from 3:10 PM to 8:30 PM on the same day.
This is a routine board appointment adding an experienced insurance professional as a Nominee Director. The appointment expands the board to 9 members and is not expected to have any immediate impact on stock price, pending shareholder approval.