Company Disclosure Update
Excel Industries Limited (Scrip Code: BSE 500650, NSE EXCELINDUS) has submitted a regulatory disclosure update under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Project Completion Update
The company has successfully completed its dedicated specialty chemicals manufacturing project on July 23, 2026. This project was established to fulfill a contract manufacturing arrangement with an Indian Specialty Chemicals Company.
Original Project Details
The project was initiated following the signing of a binding term sheet for contract manufacturing and supply of specialty chemicals, with expected annual income (net of raw material cost) of ₹35-40 crore. The company had previously disclosed an estimated capital expenditure of approximately ₹40 crore for commissioning the dedicated setup.