Excel Industries News

Excel Industries Updates on Promoter Reclassification

Excel Industries Limited provides regulatory update on promoter reclassification application submitted to BSE for approval, following board approval in February 2026.

Excel Industries receives promoter reclassification request

Excel Industries Limited received application from promoter group member Malti D. Bhatia seeking reclassification to public category under SEBI Regulation 31A, holding 1,04,082 shares (0.83% stake).

Excel Industries Divests Stake in Associate Company Mobitrash Recycle Ventures

Excel Industries' wholly owned subsidiaries Kamaljyot Investments Limited and Excel Bio Resources Limited sold their entire 19.99% stakes each in Mobitrash Recycle Ventures Private Limited to promoter Ashwin C. Shroff for Rs. 19,990 each. The transaction resulted in Mobitrash Recycle Ventures ceasing to be an associate company of Excel Industries, with the deal completed on November 21, 2025.

Excel Industries Reports 13% Revenue Decline in Q2 FY26 Due to Weak Agrochemical Demand

Excel Industries' quarterly revenue dropped to Rs 270 crores from Rs 310 crores in Q1 FY26, with EBITDA falling 29% to Rs 30 crores due to subdued agrochemical demand caused by extended monsoon season. The company signed a 5-year contract manufacturing agreement worth Rs 35-40 crores annually and maintains full-year EBITDA margin guidance of 13-15% despite expecting Q3 to remain lean.