Excel Industries Limited has informed the Exchange about Resignation of Director/KMP/SMP

Management Changes View source PDF Explain this filing

EXCELINDUS · price

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Price reactionminutes from the announcement price · days from the prior close

-0.9%Reaction day

₹990.00

prior close

₹976.70

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.4%+0.5% vs market

Specialty Chemicals peers, median of 91sector-1.6%+0.7% vs sector

On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 0.7 pts more than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

-1.0

15m

-1.2

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.9-1.4+0.5-1.6+0.7

Next day

-2.7-0.9-1.8-0.6-2.1

-4.0-0.3-3.7-0.8-3.2

+0.8+0.8+0.0-0.7+1.5

+0.3+0.9-0.6-0.4+0.7

+0.0+2.5-2.5+0.7-0.7

-2.5+3.1-5.7+0.8-3.3

15d

-8.3+3.5-11.8-1.1-7.2

-6.0+8.0-13.9+2.5-8.5

-9.4+9.3-18.7+1.0-10.4

-0.9+14.0-14.8+6.5-7.4

UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 91Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Excel Industries Limited has disclosed the resignation of Mr. Kapil Kashiv from his position as General Manager - Strategy. He tendered his resignation on 15th May 2026 citing personal reasons. His last working day will be 8th June 2026, providing about three weeks of transition time. The resignation was disclosed under SEBI Regulation 30 of the Listing Obligations and Disclosure Requirements. The company has shared the resignation letter and details as required under Schedule III of the regulations. Mr. Kapil Kashiv expressed gratitude for his time at the company in his farewell letter.

Likely market impact

This is a routine mid-level management change and is unlikely to have any significant impact on the company's operations or stock price. The departure is for personal reasons and comes with adequate notice period.