Excel Industries Limited — Important, 28-01-2025: Updates

Approval has been received for the reclassification of Abhay Saraiya from the "Promoter" category to the "Public" category by both the National Stock Exchange and BSE. Mr. Saraiya held 2,332 shares, representing 0.02% of the company’s shareholding prior to reclassification. This change, per Regulation 31A of SEBI's guidelines, may enhance the liquidity of the company’s shares by increasing the public float, which could attract greater investor interest. Stakeholders should observe this development as it could positively impact Excel Industries' market positioning and overall investor sentiment.