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Excelsoft Seeks Approval for MD Remuneration up to ₹4.8 Cr and New Director Appointment
Excelsoft Technologies has issued a postal ballot notice to seek shareholder approval for key leadership and compensation matters. A primary resolution includes a fixed salary of up to ₹4.80 crore per annum for the Chairman and Managing Director, Mr. Dhananjaya Sudhanva, effective April 1, 2026. The company is also seeking the appointment of Dr. Jayakumar Karuppusamy as an Independent Director for a five-year term. Additionally, shareholders will vote on remuneration for Mrs. Shruthi Sudhanva (Whole Time Director) and Mr. Adarsh Sudhindratheertha Mysore (Chief Innovations Officer).
Key Highlights
Proposed fixed salary for MD Dhananjaya Sudhanva capped at ₹4.80 crore per annum plus extensive perquisites.
Appointment of Dr. Jayakumar Karuppusamy as Independent Director for a 5-year term until March 2031.
Remuneration approval for Whole Time Director Shruthi Sudhanva and CIO Adarsh Sudhindratheertha Mysore.
E-voting period scheduled from April 30, 2026, to May 29, 2026.
Resolutions include provisions for payment of remuneration even in the event of inadequate profits.
💼 Action for Investors
Investors should evaluate if the proposed executive remuneration of ₹4.8 crore is commensurate with the company's financial performance and industry benchmarks. Monitor the voting results to gauge shareholder sentiment regarding the leadership's compensation structure.
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Excel Industries Corrects Q2 FY26 EPS from 41.90 to 14.90 Following NSE Query
Excel Industries Limited has issued a clarification regarding a reporting error in its financial results for the quarter ended September 30, 2025. The company admitted that the Earnings Per Share (EPS) was incorrectly stated as 41.90 in the XBRL filing due to an inadvertent error. The actual EPS for the period is 14.90, which is significantly lower than the figure previously recorded in the exchange's digital format. The company has now submitted the corrected XBRL filing to the National Stock Exchange.
Key Highlights
Standalone EPS for the quarter ended September 30, 2025, revised from 41.90 to 14.90
Clarification issued in response to a discrepancy notice from the National Stock Exchange (NSE)
The error was attributed to an inadvertent mistake during the XBRL filing process
Revised XBRL data has been uploaded to the NEAPS portal to reflect the correct financial metrics
💼 Action for Investors
Investors should update their financial models to reflect the corrected EPS of 14.90 for the September 2025 quarter. While this is a clerical correction, the significant difference in the figures warrants a more cautious look at the company's internal reporting controls.
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Excelsoft Unveils AI Strategy; Launches 4 Products and Reduces Database Footprint by 60%
Excelsoft Technologies has released a strategic update positioning AI as a growth lever rather than a structural threat to its IP-led business. The company has successfully launched 4 AI-first products and completed 9 customer pilots, supported by its own NVIDIA A6000 GPU infrastructure. Internal AI adoption has reached 1,112 employees, resulting in a 60% reduction in database footprint and millions of lines of code optimized. These initiatives are designed to improve operating margins and accelerate speed-to-market in the specialized education and assessment domain.
Key Highlights
Launched 4 AI-first products including AI-levate App Suite and Saras SchoolAI following 9 successful customer pilots.
Achieved significant engineering efficiency with a 60% reduction in database footprint and millions of lines of code optimized.
Invested in NVIDIA A6000 GPU infrastructure to enable full-stack AI capabilities from model fine-tuning to deployment.
Enabled 1,112 employees with 'Excelsoft GPT' and AI-assisted tools like Cursor and Lovable to drive productivity.
Developed a pipeline of 38 AI-first ideas and 16 functional prototypes specifically for the education sector.
💼 Action for Investors
Investors should track the conversion of the 9 customer pilots into revenue and monitor the impact of AI-driven engineering efficiencies on future operating margins. The company's investment in proprietary GPU infrastructure suggests a deeper competitive moat than peers relying solely on third-party AI APIs.
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Excelsoft Appoints Doreswamy Palaniswamy as CEO Effective April 1, 2026
Excelsoft Technologies has announced the appointment of Mr. Doreswamy Palaniswamy as the new Chief Executive Officer, effective April 1, 2026. Mr. Palaniswamy brings over 25 years of leadership experience from prominent organizations like Quess Corp and KPIT, along with entrepreneurial experience as a co-founder of CredoPay. A Chartered Accountant and IIM Bangalore alumnus, his focus will be on driving growth and transitioning the company into a scalable, platform-led business. This leadership change signals a strategic intent to expand into new industry verticals and strengthen institutional capabilities.
Key Highlights
Appointment of Mr. Doreswamy Palaniswamy as CEO effective April 01, 2026
Brings over 25 years of leadership experience across technology, services, and financial management
Educational credentials include Chartered Accountancy and a Master’s Program from IIM Bangalore
Previous senior roles held at ISS, Quess Corp, SMS, and KPIT
Strategic focus on building a scalable, platform-led business and expanding industry verticals
💼 Action for Investors
Investors should view this as a positive step toward professionalizing leadership and should monitor the company's growth trajectory and strategic execution after the transition in April 2026.
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Excelsoft Appoints Doreswamy Palaniswamy as CEO Effective April 1, 2026
Excelsoft Technologies has appointed Mr. Doreswamy Palaniswamy as its new Chief Executive Officer, effective April 1, 2026. Mr. Palaniswamy brings over 25 years of leadership experience from established firms like Quess Corp and KPIT, and is a co-founder of CredoPay. His mandate includes driving growth, expanding into new industry verticals, and transitioning the company toward a scalable, platform-led business model. He is a Chartered Accountant and an IIM Bangalore alumnus with no current shareholding in the company.
Key Highlights
Appointment of Mr. Doreswamy Palaniswamy as CEO effective from April 01, 2026
Brings over 25 years of leadership experience across technology, services, and financial management
Previous senior roles held at ISS, Quess Corp, SMS, and KPIT, and co-founder of CredoPay
Educational credentials include ICAI membership and a Master’s Program from IIM Bangalore
Strategic focus on driving growth and expanding into new industry verticals
💼 Action for Investors
Investors should monitor the company's transition toward a platform-led business model under the new CEO's leadership. Watch for upcoming quarterly guidance to assess if the management change accelerates expansion into new verticals.
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Excelsoft Appoints Retired IAS Officer Dr. J. Karuppusamy as Independent Director for 5 Years
Excelsoft Technologies has appointed Dr. Jayakumar Karuppusamy, a retired 1987-batch IAS officer and IIT/IIM alumnus, as an Independent Director for a five-year term effective March 10, 2026. Dr. Karuppusamy brings over two decades of experience in governance, technology, and administration, having served as Additional Chief Secretary and MD of State Bank of Sikkim. Alongside this appointment, the company has reconstituted its Audit and Nomination & Remuneration Committees, appointing Mr. Shivkumar Pundaleeka Divate as the new Audit Committee Chairperson. These leadership changes are aimed at strengthening the company's corporate governance and strategic oversight.
Key Highlights
Dr. Jayakumar Karuppusamy appointed as Independent Director for a 5-year term ending March 9, 2031
Appointee is a highly qualified professional with a PhD from IIT Kharagpur and a PGDM from IIM Bangalore
Mr. Shivkumar Pundaleeka Divate replaces Mr. Doreswamy Palaniswamy as Chairperson of the Audit Committee
Dr. Karuppusamy holds 4 Indian and 4 international patents and was recognized as an 'Amazing Indian' in 2023
The board meeting concluded in 41 minutes to approve these structural governance changes
💼 Action for Investors
Investors should view the addition of a high-profile former bureaucrat with technical and administrative expertise as a positive move for corporate governance. No immediate action is required, but this strengthens the board's oversight capabilities.
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Excelsoft Appoints Retired IAS Officer Dr. Jayakumar Karuppusamy as Independent Director
Excelsoft Technologies has appointed Dr. Jayakumar Karuppusamy, a retired IAS officer and IIT/IIM alumnus, as an Additional Independent Director for a five-year term effective March 10, 2026. The board also approved the reconstitution of the Audit and Nomination & Remuneration Committees, with Mr. Shivkumar Pundaleeka Divate taking over as the Audit Committee Chairperson. Dr. Jayakumar brings over 20 years of experience in governance, technology, and administration, which is expected to strengthen the company's strategic oversight. This appointment is subject to shareholder approval and aligns with efforts to enhance corporate governance.
Key Highlights
Dr. Jayakumar Karuppusamy appointed as Independent Director for a 5-year term ending March 09, 2031.
Appointee is a retired 1987-batch IAS officer with a Ph.D. from IIT Kharagpur and a PGDM from IIM Bangalore.
Mr. Shivkumar Pundaleeka Divate appointed as the new Chairperson of the Audit Committee.
Dr. Jayakumar Karuppusamy currently holds zero shares in the company.
The board meeting concluded within 41 minutes, approving changes to two key statutory committees.
💼 Action for Investors
Investors should view the addition of a highly qualified independent director with deep administrative and technology experience as a positive for corporate governance. No immediate action is required as this is a routine but significant board strengthening measure.
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SAT Slashes Penalties and Quashes Market Ban for Excel Realty N Infra
The Securities Appellate Tribunal (SAT) has provided significant relief to Excel Realty N Infra (now Landsmill Green Limited) by setting aside SEBI's previous market debarment orders. The tribunal quashed the heavy penalties under Section 15HA, reducing the company's penalty to just ₹2 lakh and the Managing Director's penalty from ₹90 lakh to ₹5 lakh. SAT noted that the company had successfully recovered a substantial portion of the long-outstanding advances, which justified the management's decision not to write them off earlier. This ruling removes the regulatory cloud over the promoters and allows them full access to the securities market.
Key Highlights
SAT set aside all penalties under Section 15HA related to fraudulent trade practices for all appellants.
Penalty for Excel Realty N Infra Limited reduced to ₹2 lakh from previous SEBI-imposed amounts.
Managing Director Lakhmendra Khurana's penalty slashed to ₹5 lakh, down from the initial ₹90 lakh.
All market debarment directions against the company and its directors have been quashed.
Tribunal recognized that the disputed ₹121 crore advances were for genuine business purposes with significant subsequent recoveries.
💼 Action for Investors
The removal of the market ban and drastic reduction in penalties is a major legal victory for the company. Investors should now focus on the company's operational performance under its new identity, Landsmill Green Limited.
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SAT Reduces Penalties and Quashes Market Ban for Excel Realty N Infra (Landsmill Green)
The Securities Appellate Tribunal (SAT) has provided significant relief to Excel Realty N Infra Limited (now Landsmill Green) by setting aside SEBI's previous market debarment and reducing monetary penalties. The tribunal quashed the 2-year market ban on the CMD and the 1-year ban on other directors, while also setting aside penalties under Section 15HA related to fraudulent practices. The company's penalty was reduced to ₹2 lakh, and the CMD's penalty was cut to ₹5 lakh, down from much higher previous assessments. This ruling follows a dispute over the accounting treatment of ₹121 crores in advances made between 2008 and 2011.
Key Highlights
SAT set aside all penalties under Section 15HA and quashed market access debarment for the company and its directors.
Company's monetary penalty reduced to ₹2 lakh; CMD Lakhmendra Khurana's penalty reduced to ₹5 lakh.
The tribunal noted that substantial recoveries were made on the ₹121 crores in advances, justifying the company's decision not to write them off earlier.
Penalties for other executive directors and the CFO were reduced to ₹2 lakh each, while independent directors' penalties were cut to ₹1 lakh.
The order effectively concludes a long-standing regulatory dispute regarding financial misrepresentation from the 2016-2021 period.
💼 Action for Investors
The removal of the market ban on promoters and the reduction in penalties is a major regulatory win for the company. Investors should now focus on the company's operational performance under its new identity, Landsmill Green Limited.
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Excelsoft Launches 'Saras Assessments in a Box' Globally for Assessment & Proctoring
Excelsoft Technologies Limited has announced the launch of its new product, 'Saras Assessments in a Box', on February 17, 2026. The product is categorized under Assessment and Proctoring Solutions and is designed to serve both domestic and international markets globally. Although the company stated the launch has not yet triggered the materiality threshold under SEBI regulations, it chose to disclose the event to uphold high corporate governance standards. This expansion reflects the company's focus on scaling its ed-tech product portfolio across global geographies.
Key Highlights
Launched 'Saras Assessments in a Box' on February 17, 2026, targeting the Assessment and Proctoring segment.
The product is designed for global availability, catering to both Indian and international markets.
The disclosure was made voluntarily as a measure of good corporate governance despite not meeting materiality thresholds.
The event was officially recorded at 17:21 IST on the date of the launch.
💼 Action for Investors
Investors should monitor the market reception and adoption rates of the Saras platform globally to assess its future contribution to revenue. While the current impact is non-material, it demonstrates the company's R&D capabilities and expansion intent.
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Excelsoft Reports 29.5% Revenue Growth in Q3 FY26; EdTech Services Surge 58%
Excelsoft Technologies reported a strong Q3 FY26 with revenue reaching Rs. 710 million, a 29.5% YoY increase driven by a 58% surge in EdTech services. While EBITDA grew 9.15% to Rs. 197 million, margins compressed to 27.7% from 32.8% due to higher vendor costs and professional fees. The company secured major international contracts in the Philippines and UK, reinforcing its shift toward a platform-led recurring revenue model. Notably, the company improved its financial flexibility by releasing a Rs. 165 crore FD lien and withdrawing a Rs. 300 crore corporate guarantee.
Key Highlights
Revenue grew 29.5% YoY to Rs. 710 million, with the EdTech services vertical growing 58% YoY.
EBITDA stood at Rs. 197 million with a 27.7% margin, impacted by a 61% rise in other expenses.
Released Rs. 165 crore FD lien and withdrew Rs. 300 crore corporate guarantee, significantly improving liquidity.
Secured a multi-year digital examination contract with the Civil Services Commission of the Philippines starting 2026.
Top 10 customers contribute 80% of revenue with an average tenure of 11 years, providing high cash flow predictability.
💼 Action for Investors
Investors should monitor the transition to a platform-led model and the impact of AI infrastructure investments on long-term margins. The release of significant contingent liabilities and the planned shift to a Big Four auditor are positive signals for governance and financial health.
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Excel Industries Q3 Net Profit Rises 31% YoY to ₹8.40 Cr; Revenue Up 19%
Excel Industries reported a 19% YoY growth in revenue from operations to ₹233.45 crore for the quarter ended December 31, 2025. Net profit for the quarter increased by 31.3% YoY to ₹8.40 crore, showing a recovery from the previous year's quarterly performance. However, for the nine-month period, net profit declined by 15.8% YoY to ₹60.69 crore, indicating some margin pressure earlier in the fiscal year. The company has also reorganized its reporting into a single 'Chemicals' segment and made a one-time provision of ₹1.15 crore for gratuity due to new Labour Codes.
Key Highlights
Quarterly Revenue from operations grew 18.8% YoY to ₹233.45 crore from ₹196.41 crore.
Net Profit for Q3 FY26 stood at ₹8.40 crore, up from ₹6.40 crore in the same period last year.
Nine-month (9M) Revenue increased to ₹813.12 crore compared to ₹730.23 crore in the previous year.
The company transitioned to a single operating and reportable segment named 'Chemicals' for better strategic focus.
An incremental provision of ₹115.42 lakhs was made for Gratuity following the notification of new Government Labour Codes.
💼 Action for Investors
The quarterly recovery in profit and revenue growth is a positive signal, though the year-to-date profit decline warrants a cautious outlook on overall margin stability. Investors should monitor if the new single-segment focus improves operational efficiency in upcoming quarters.
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Excelsoft Q3 Revenue Jumps 29% YoY to ₹710 Mn; 9M PAT Surges 88%
Excelsoft Technologies reported a robust 29.45% YoY revenue growth in Q3 FY26, reaching ₹710.34 million, driven by strong momentum in Educational Technology Services. While Q3 PAT grew 7.68% to ₹102.96 million, the nine-month (9M FY26) performance was exceptional with PAT surging 88.37% to ₹267.81 million. The company is successfully expanding its global footprint, securing a major nationwide digital examination contract in the Philippines for 300,000+ annual candidates. However, EBITDA margins saw a contraction of 515 bps YoY in Q3 due to increased operational and employee expenses.
Key Highlights
Q3 FY26 Revenue from operations grew 29.45% YoY to ₹710.34 million.
9M FY26 PAT increased significantly by 88.37% YoY to ₹267.81 million.
North America remains the dominant market, contributing 72.2% of Q3 revenue compared to 62.1% last year.
Secured a strategic partnership with the Civil Service Commission of the Philippines for the CSC DeX initiative starting 2026.
EBITDA margins for Q3 FY26 compressed to 27.69% from 32.84% in Q3 FY25.
💼 Action for Investors
Investors should focus on the company's strong top-line growth and successful international expansion, particularly in the high-stakes assessment space. While margin compression in Q3 is a point of monitoring, the massive 9M profit growth and robust order pipeline suggest a positive long-term outlook.
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Excelsoft Q3 FY26: Net Profit Surges 40% YoY to ₹13.34 Cr; 9M Profit Jumps 110%
Excelsoft Technologies reported a strong performance for Q3 FY26, with total income rising 29% YoY to ₹75.68 crore and net profit increasing 40% YoY to ₹13.34 crore. For the nine-month period (9M FY26), the company's net profit saw a massive 110% surge to ₹29.83 crore, driven by operational efficiencies and growth in high-margin segments. Revenue remains heavily export-led, with North America contributing over 72% in Q3, while the company secured significant international contracts in the UK and Philippines. Despite the profit growth, EBITDA margins in Q3 FY26 contracted to 28% compared to 33% in the same quarter last year.
Key Highlights
9M FY26 Net Profit (bei) surged 110% YoY to ₹29.83 crore from ₹14.22 crore in 9M FY25.
Q3 FY26 Total Income grew 29% YoY to ₹75.68 crore, with a 10% sequential growth over Q2.
North America remains the dominant market, accounting for 72.16% of Q3 revenue and 65.75% of 9M revenue.
Secured a major multi-year engagement with VTCT Skills (UK) for the Saras e-Testing platform and a strategic win in the Philippines.
EBITDA margins for Q3 stood at 28%, showing a slight improvement from Q2 (27%) but a decline from Q3 FY25 (33%).
💼 Action for Investors
Investors should focus on the company's strong international order book and the massive surge in 9M profitability as indicators of long-term value. However, monitoring the stabilization of EBITDA margins, which are lower than the previous year's levels, is recommended.
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Excelsoft Technologies Announces Major Management Restructuring and New CS Appointment
Excelsoft Technologies has announced a significant restructuring of its senior leadership team to align with a revised operating model. Five senior executives have been redesignated into C-suite roles, including Chief Strategy, Sales, Operating, Administrative, and Innovations Officers, to clarify accountability. Additionally, the company appointed Mr. S.M. Adithya Jain as the new Company Secretary and Chief Compliance Officer, effective March 02, 2026, following the resignation of Mr. Venkatesh Dayananda. The new appointee brings over 10 years of experience from reputable listed firms like Biocon and Kaynes Technology.
Key Highlights
Redesignated 5 Senior Management Personnel (SMP) to C-suite titles to improve accountability and operating efficiency
Appointed Mr. S.M. Adithya Jain as Company Secretary, Chief Compliance Officer, and Chief Investor Relations Officer
Mr. Venkatesh Dayananda resigned as CS and Compliance Officer effective February 27, 2026, to pursue an alternate career
New CS appointee has over a decade of experience with major listed entities including Biocon, Syngene, and Kaynes Technology
Management changes for SMPs are effective immediately as of the board meeting held on February 06, 2026
💼 Action for Investors
Investors should view this as a routine organizational alignment; however, the hiring of a Compliance Officer from large-cap backgrounds suggests a focus on strengthening corporate governance. Monitor for any shifts in operational execution following the new C-suite designations.
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Excelsoft Technologies Q3 FY26 Revenue Rises 10% QoQ to ₹713.25M; Net Profit at ₹91.19M
Excelsoft Technologies reported a steady performance for the quarter ended December 31, 2025, with revenue from operations growing 10.1% sequentially to ₹713.25 million. The company successfully completed its IPO during the quarter, listing on November 26, 2025, and raising fresh capital for expansion and IT infrastructure. Net profit stood at ₹91.19 million, which was impacted by a one-time exceptional charge of ₹40.72 million related to the implementation of new Labour Codes. The company also announced key management changes, including the appointment of a new Company Secretary and Chief Investor Relations Officer.
Key Highlights
Revenue from operations grew 10.1% QoQ to ₹713.25 million from ₹647.55 million in the previous quarter.
Net profit for the quarter reached ₹91.19 million, despite a ₹40.72 million exceptional item for Labour Code compliance.
Successfully completed IPO in November 2025, issuing 1.5 crore fresh shares at ₹120 each to raise ₹1,800 million.
Utilized ₹381.04 million of IPO proceeds by Dec 31, 2025, with ₹1,267.88 million remaining for planned CAPEX and IT upgrades.
Management transition completed with the appointment of a new Company Secretary, Chief Compliance Officer, and Chief Investor Relations Officer.
💼 Action for Investors
Investors should monitor the efficient deployment of the remaining ₹1,267.88 million IPO proceeds into planned infrastructure and IT upgrades. The underlying revenue growth is positive, though the impact of new labour regulations on long-term margins should be watched.
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Excelsoft Technologies Q3 Net Profit at ₹110.3M; Revenue Up 10% QoQ Post-IPO
Excelsoft Technologies reported a standalone revenue of ₹713.25 million for Q3 FY26, representing a 10% sequential growth from the previous quarter. The company achieved a net profit of ₹110.30 million for the quarter, even after accounting for a one-time exceptional expense of ₹40.72 million related to new Labour Code provisions. This is the company's first financial disclosure since its successful listing in November 2025, where it raised ₹1,648.92 million through a fresh issue. Currently, about 77% of the IPO proceeds remain unutilized and are parked in fixed deposits for future capital expenditure.
Key Highlights
Revenue from operations for 9M FY26 reached ₹1,918.40 million, up 17.5% from ₹1,631.64 million in 9M FY25.
Reported an exceptional non-recurring hit of ₹40.72 million due to gratuity and compensated absence adjustments under new Labour Codes.
Successfully completed IPO in Nov 2025 at ₹120 per share, increasing paid-up share capital to ₹1,150.84 million.
Utilized ₹381.04 million of IPO proceeds primarily for land purchase and construction at the Mysore property.
Announced key management changes including the appointment of a new Company Secretary and Chief Investor Relations Officer.
💼 Action for Investors
Investors should track the timely utilization of the remaining ₹1,267.88 million IPO funds intended for IT infrastructure and facility upgrades. The core revenue growth remains healthy, making it a positive start for the newly listed entity.
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Excel Industries Q3 FY26 Revenue Rises 19% to ₹233 Cr; PAT Up 31% YoY
Excel Industries reported a strong Q3 FY26 with revenue growing 19% YoY to ₹233 crore, driven by improved demand in performance solutions and better price realizations. While quarterly PAT rose 31% to ₹8 crore, the 9-month performance shows a cumulative decline in profitability with 9M PAT down 16% YoY to ₹61 crore. The company is planning a significant capital expenditure of ₹200-300 crore over the next three years for capacity expansion and technology upgrades. Export contributions remain steady, accounting for 27% of quarterly revenue.
Key Highlights
Q3 FY26 Revenue grew 19% YoY to ₹233 Cr, while Adjusted EBITDA rose 39% to ₹17 Cr.
9M FY26 Revenue increased 11% to ₹813 Cr, though PAT declined 16% to ₹61 Cr compared to the previous year.
Planned Capex of ₹200-300 Cr over the next 3 years for plant upgrades, product innovation, and capacity expansion.
Adjusted EBITDA margin for Q3 FY26 improved by 100bps YoY to 7.3% due to favorable product mix.
Export revenue contributed 27% to the total revenue in Q3 FY26, up from 22.3% for the 9-month period.
💼 Action for Investors
Investors should monitor the execution of the ₹200-300 crore capex plan and the recovery in 9-month profitability margins. The strong quarterly growth in performance solutions and biocides suggests a positive turnaround in demand that needs to be sustained.
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Excel Industries Approves Unaudited Financial Results for Q3 FY2025-26
Excel Industries Limited has officially approved its unaudited financial results for the quarter and nine months ended December 31, 2025. The Board of Directors met on February 3, 2026, for over four and a half hours to review and finalize the performance metrics. The submission includes the statutory Limited Review Report, ensuring regulatory compliance under SEBI guidelines. While the cover letter does not disclose specific profit figures, it confirms the completion of the audit committee's review process.
Key Highlights
Board approved financial results for the quarter and nine months ended December 31, 2025.
The Board meeting lasted approximately 4 hours and 40 minutes, concluding at 06:40 p.m.
Results were reviewed and recommended by the Audit Committee prior to Board approval.
The filing includes the Limited Review Report issued by the company's statutory auditors.
The announcement covers both Chemicals and Environment & Biotech divisions.
💼 Action for Investors
Investors should examine the detailed financial tables attached to the full report to evaluate margin performance in the chemical segment. Compare the year-on-year growth for the nine-month period ending December 2025 to assess the company's recovery or growth trajectory.
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Excel Industries Approves Q3 FY26 Unaudited Financial Results
Excel Industries Limited's Board of Directors approved the unaudited financial results for the quarter and nine months ended December 31, 2025, during their meeting on February 3, 2026. The results were reviewed and recommended by the Audit Committee prior to board approval. While the specific financial figures were not detailed in the cover letter, the announcement confirms the completion of the statutory review for the third quarter. The board meeting concluded at 6:40 p.m. following a nearly five-hour session.
Key Highlights
Board approved unaudited financial results for the quarter ended December 31, 2025.
Financial results for the nine-month period ending December 31, 2025, were also cleared.
The Audit Committee conducted a prior review and recommendation of the financials.
A Limited Review Report from the statutory auditors has been filed with the results.
The board meeting lasted approximately 4 hours and 40 minutes.
💼 Action for Investors
Investors should closely examine the detailed financial tables and the Limited Review Report to evaluate the company's margin performance and revenue growth. Compare these results against industry peers in the chemicals and biotech sectors to assess relative performance.