Excel Industries Limited has filed a disclosure under Regulation 30 of the SEBI LODR Regulations, 2015, regarding a postal ballot notice seeking shareholder approval for the appointment of a Nominee Director.

Key Resolution Details

The company seeks approval for one ordinary resolution:

  • Appointment of Mr. Mahtabuzzaman (DIN: 11635001) as Nominee Director
  • He was appointed as an Additional Director and designated as Nominee Director by the Board with effect from 22nd May, 2026
  • The resolution is proposed pursuant to Sections 149, 152 and 161(3) of the Companies Act, 2013 and Regulation 17(1C) of SEBI LODR Regulations, 2015
  • His period of office shall be liable to be determined by retirement of directors by rotation

Voting Process Details

  • Cut-off Date: Friday, 5th June, 2026
  • Remote E-voting Period: Monday, 15th June, 2026 (from 09:00 A.M.) to Tuesday, 14th July, 2026 (till 05:00 P.M.)
  • Service Provider: MUFG Intime India Private Limited
  • Scrutinizer: Mr. Prashant Diwan, Practicing Company Secretary (Membership No. 1403, Certificate of Practice No. 1979)
  • Result Declaration: Within two working days of conclusion of postal ballot process

Director Background

Mr. Mahtabuzzaman was nominated by LIC of India and has:

  • Date of Birth: 27/04/1966
  • Academic Qualifications: B.sc, PGEP, FIII, D.HINS
  • 36 years of experience in the life insurance industry with LIC, rising to Executive Director in 2022
  • Worked on deputation with IRDAI for three years
  • Completed Post Graduate Executive Programme from IIM Ahmedabad
  • Currently holds no shares in the company and has no directorships in other public companies

Communication Method

The Postal Ballot Notice is being sent only through electronic mode to members whose email addresses are registered with the Company/Depositories as of the cut-off date. Physical copies are not being sent in accordance with MCA circulars.

Additional Information

The notice and explanatory statement are available on the company's website (www.excelind.co.in), stock exchange websites (BSE and NSE), and MUFG's platform (https://instavote.linkintime.co.in).

Financial Impact

No financial impact quantified in the disclosure. The appointment is for a directorial position with standard director compensation arrangements.