Excel Industries Limited has informed the Exchange regarding Appointment of Mr Mr. Mahtabuzzaman as Non- Executive Director of the company w.e.f. May 22, 2026.
EXCELINDUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Excel Industries Limited has appointed Mr. Mahtabuzzaman as Additional Director designated as Nominee Director with effect from May 22, 2026. The appointment is subject to shareholder approval via postal ballot. Mr. Mahtabuzzaman brings over 36 years of experience in the life insurance industry, having served as Executive Director at Life Insurance Corporation of India (LIC) and working on deputation with IRDAI. He is a Science graduate, Fellow of the Insurance Institute of India, and holds a Diploma in Health Insurance. He also completed a Post Graduate Executive Programme at IIM Ahmedabad. The company confirmed he is not related to any existing directors and is not debarred from holding office as director.
The appointment adds a director with extensive insurance and regulatory experience to the board. As a Nominee Director, this may indicate representation of a major stakeholder. The appointment is pending shareholder approval, which is a routine governance process.