Excel Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 21, 2025.
EXCELINDUS · price
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Excel Industries Limited held its 64th Annual General Meeting on August 21, 2025, via video conferencing from 3:00 PM to 4:27 PM. All eight directors were present, including the Executive Chairman, Managing Director, Executive Director, four Independent Directors, and the LIC Nominee Director. The Statutory Auditors and Secretarial Auditor gave unqualified (clean) audit reports for the financial year ended March 31, 2025. Five resolutions were put to vote, including adoption of audited financial statements, declaration of a dividend of Rs. 13.75 per share (275% on Rs. 5 face value), re-appointment of a director, appointment of secretarial auditors, and ratification of cost auditor remuneration. The Chairman also condoled the passing of Mr. Atul G. Shroff, a Non-Executive Promoter Director, on October 8, 2024. Combined e-voting results are to be filed with the exchanges by August 22, 2025.
The proposed dividend of Rs. 13.75 per share (275%) is a strong positive for shareholders, signalling healthy cash flows and shareholder returns. Clean audit reports and routine governance resolutions reduce near-term uncertainty for the stock.