Excel Industries received NSE and BSE approval to reclassify promoter Malti D. Bhatia to public shareholder category.
Malti Bhatia held 104,082 shares (0.83% stake) which are now classified as public holding.
The approval was granted under SEBI LODR Regulation 31A based on applications submitted in early 2026.
The company is required to make subsequent material event disclosures related to this reclassification.