Excel Industries Limited Announces Director Resignation and Updated Board Composition
Excel Industries Limited announced that Dinesh Bhagat, a Nominee Director, resigned from the Board of Directors, effective March 23, 2026, due to the cessation of his term. The resignation was tendered in a letter dated March 23, 2026.According to a filing, Mr. Bhagat's resignation was due to the conclusion of his term as a Nominee Director of the Company, representing the Life Insurance Corporation of India.
Here's a summary of the director change details:
| Sr. No | Details of Information | Information of such events |
|---|---|---|
| 1 | Reason for Change | Resignation due to cessation of term |
| 2 | Date of Cessation & Term | March 23, 2026 |
| 3 | Brief Profile | Not Applicable |
| 4 | Disclosure of Relationship Between Directors | Not Applicable |
| 5 | Letter of Resignation | Enclosed as Annexure B |
The company’s board composition, effective March 24, 2026, is as follows:
| Sr. No. | Name of the Director | Designation |
|---|---|---|
| 1 | Mr. Ashwin C Shroff | Executive Chairman |
| 2 | Mr. Ravi A Shroff | Managing Director |
| 3 | Mr. Hrishit A Shroff | Executive Director |
| 4 | Dr. Meena Galliara | Non-Executive Independent Director |
| 5 | Mr. Ninad Gupte | Non-Executive Independent Director |
| 6 | Mr. Shekhar Khanolkar | Non-Executive Independent Director |
| 7 | Mr. Rajesh Varma | Non-Executive Independent Director |
| 8 | Mr. Vihang Virkar | Non-Executive Independent Director |
The updated list of directors and related information is also available on the company website at www.excelind.co.in.
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