Shareholders meeting

IS/ISO9001:2015 IS/ISO14001:2015 Excel Industries Ltd. IS/ISO 45001:2018 Certified by BIS. 24th September, 2026 BSE Ltd. National Stock Exchange of India Ltd. Listing Department, Listing Department, Pheeroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E), Mumbai-400 001 Mumbai-400 051 Sub: Proceedings of 65th Annual General Meeting of our Company pursuant to Regulation 30(6) read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ref: BSE Scrip Code: 500650; NSE Scrip Code: EXCELINDUS Dear Sir/Madam, This is to inform you that the 65th Annual General Meeting of the Company was conducted today on 24th September, 2026 through two-way video-conferencing. In this regard, please find attached the Proceedings of 65th Annual General Meeting of the Company pursuant to Regulation 30(6) read with Part A of Schedule Ill of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kindly take the information on record. Thanking you, Yours faithfully, For Excel Industries Limited S K Singhvi Company Secretary Encl: As above Chemicals Business / Environment & Biotech Division Excel Industries Limited T: 91-22-66464200 Polymer Inputs / Pharmaceuticals Intermediaries/Veterinary API’s 184-87, S. V. Road, Jogeshwari (West), W: http://www.excelind.co.in Mumbai-400102, Maharashtra, India. CIN: L24200MH1960PLC011807 IS/ISO9001:2015 IS/ISO14001:2015 Excel Industries Ltd. IS/ISO 45001:2018 Certified by BIS. PROCEEDINGS OF THE SIXTY FIFTH ANNUAL GENERAL MEETING OF THE MEMBERS OF EXCEL INDUSTRIES LIMITED HELD ON THURSDAY, 24TH SEPTEMBER, 2026, AT 3.00 P.M. THROUGH TWO WAY VIDEO CONFERENCING DIRECTORS PRESENT Mr. Ashwin C Shroff, Executive Chairman, Chairman of CSR Committee, from Mumbai Mr. Ravi A Shroff, Managing Director, from Mumbai Mr. Hrishit A Shroff, Executive Director, from Mumbai Dr. Meena Galliara, Independent Director, from Mumbai. Mr. Ninad Gupte, Independent Director, Chairman of Nomination and Remuneration Committee, from Mumbai Mr. Rajesh Varma, Independent Director, Chairman of Audit Committee, from Mumbai Mr. Shekhar Khanolkar, Independent Director, Chairman of Risk Management Committee, from Ratnagiri Mr. Vihang Virkar, Independent Director, Chairman of Stakeholders Relationship Committee, from Mumbai Mr. Mahtabuzzaman, LIC Nominee Director, From Hyderabad Other Attendees: Mr. Surendra K. Singhvi, Company Secretary Mr. Pradeep Ghattu, President and Chief Operating Officer Mr. Devendra Dosi, Chief Financial Officer Mr. Jagdish Naik, Corporate Advisor Dr. Anand Patkar, Consultant Mr. Sachin Parekh, Partner of Price Waterhouse Chartered Accountants LLP, Statutory Auditors Mr. Prashant Diwan, Practicing Company Secretary, the Scrutinizer and Secretarial Auditor The requisite quorum being present, the Chairman commenced the meeting at 3.00 p.m. Mr. Ashwin C. Shroff, Executive Chairman of the Company then welcomed the members and introduced the Directors, KMPs and other invitees. The Chairman then informed the members that all the Directors were present. The Chairman then mentioned that the meeting is being held through video conferencing in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and SEBl and that the Company has taken all possible steps to ensure that the shareholders are provided with opportunity to participate in the AGM through Video Conference and vote electronically. Chemicals Business / Environment & Biotech Division Excel Industries Limited T: 91-22-66464200 Polymer Inputs / Pharmaceuticals Intermediaries/Veterinary API’s 184-87, S. V. Road, Jogeshwari (West), W: http://www.excelind.co.in Mumbai-400102, Maharashtra, India. CIN: L24200MH1960PLC011807 IS/ISO9001:2015 IS/ISO14001:2015 Excel Industries Ltd. IS/ISO 45001:2018 Certified by BIS. He then, with the consent of the Members, took the Notice convening the Meeting as read. The Chairman stated that Statutory Auditors and Secretarial Auditor of the Company had given unqualified audit reports for the year ended 31st March, 2026. The Chairman further requested the Company Secretary to explain the procedure for the speaker shareholders and e-voting at the AGM by the shareholders. Accordingly, Mr. Surendra Singhvi, Company Secretary, explained the procedure to be followed by the Speaker shareholders and the procedure for e-voting by the shareholders. The Company Secretary also mentioned that following registers were open to shareholders for inspection as required under Companies Act, 2013. (i) The Register of Directors and Key Managerial Personnel with their shareholding, (ii) The Register of Contracts and Arrangements, (iii) Report of Statutory Auditors and Secretarial Auditor Thereafter, the Chairman gave his speech. Followed by the speech of the Chairman, Mr. Ravi Shroff, Managing Director and Mr. Hrishit A. Shroff, Executive Director gave their speech to the shareholders. Most of the questions received from the shareholders in advance were addressed during these speeches. The Chairman then invited the registered Speaker shareholders to express their views and ask questions, if they had any, on audited financial statements for the year 2025-26, the Resolutions contained in the Notice of the AGM and the business of the Company. The questions raised by the members, including questions received in advance, were answered satisfactorily. Further, the Chairman referred to the five resolutions set out in the Notice of the AGM for e-voting. 1. Adoption of Audited Financial Statements for the financial year ended 31st March, 2026. 2. Declaration of dividend of Rs. 13.75 (i.e. 275%) on equity share of Rs. 5 each. 3. Re-appointment of Director, Mr. Hrishit A. Shroff, who is retiring by rotation. 4. Approval of payment of remuneration to all the Executive Directors of the Company 5. Ratification of remuneration of the Cost Auditors The Chairman further stated that as per the requirements of the Listing Regulations and the Companies Act, 2013, the Company had provided remote e- voting facility to the Members to vote on all the Resolutions set out in the Notice convening the Meeting and the remote e-voting was duly conducted between 21st September, 2026 at 9:00 a.m. to 23rd September, 2026 at 5:00 p.m. He further stated that the members who had not availed the remote e-voting facility, provided by the Company, can vote at the meeting and the voting line is open and would remain open for 15 minutes from the end of the meeting. He further informed that, in accordance with the provisions of the Companies Act, 2013, Mr. Prashant Diwan, an experienced Practicing Company Secretary, had been appointed as a Scrutinizer to scrutinize the remote e-voting and e-voting process at the AGM. Chemicals Business / Environment & Biotech Division Excel Industries Limited T: 91-22-66464200 Polymer Inputs / Pharmaceuticals Intermediaries/Veterinary API’s 184-87, S. V. Road, Jogeshwari (West), W: http://www.excelind.co.in Mumbai-400102, Maharashtra, India. CIN: L24200MH1960PLC011807 IS/ISO9001:2015 IS/ISO14001:2015 Excel Industries Ltd. IS/ISO 45001:2018 Certified by BIS. The Chairman informed that the combined results of the remote e-voting and e-voting at the AGM along with the Scrutinizer's Report would be submitted to the concerned Stock Exchanges and would be placed on the Company's website on or before 25th September, 2026. The meeting then ended with a vote of thanks to the Chair at 05:06 p.m. All the resolutions as set forth in the 65th AGM notice shall be deemed to be passed on 24th September, 2026, subject to receipt of requisite majority. FOR EXCEL INDUSTRIES LIMITED S K Singhvi Company Secretary Chemicals Business / Environment & Biotech Division Excel Industries Limited T: 91-22-66464200 Polymer Inputs / Pharmaceuticals Intermediaries/Veterinary API’s 184-87, S. V. Road, Jogeshwari (West), W: http://www.excelind.co.in Mumbai-400102, Maharashtra, India. CIN: L24200MH1 [Showing first 8,000 characters — download PDF for full document]