Notices

Investors

At Excel, it is all about ‘Value Exchange’ say the founders. Creating value responds to the needs of all stakeholders. Ethics and resilience epitomize the company and its office bearers. Trust and transparency are the most valued codes at Excel.

Notices

Resignation of Director

Mr. Seiji Ota, Non-Executive Director of the Company, has resigned from the Board of Directors of our Company.

The resignation of Mr. Seiji Ota is effective Tuesday, 8th August, 2017.

Proceedings of the 53rd Annual General Meeting - Click Here

Voting Results of AGM Held on 24th July, 2017 - Click Here

Board Meeting Notice

A Meeting of the Board of Directors of the Company is scheduled to be held on Monday, the 24th July, 2017, to consider inter alia, the unaudited financial results for the quarter ended 30th June, 2017.

Annual General Meeting and Book Closure

Annual General Meeting

NOTICE IS HEREBY GIVEN THAT the Fifty Third Annual General Meeting of the Company is scheduled to be held on Monday, the 24th July, 2017 at Crystal Banquet, VITS Hotel, Andheri Kurla Road, International Airport Zone, Andheri (East), Mumbai-400059 at 3.00 p.m.

Book Closure

Further Notice is hereby given pursuant to Section 91 of the Companies Act, 2013 read with the Rules made thereunder and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 that the Register of Members and Share Transfer Books of the Company will remain closed from Saturday, the 15th July, 2017 to Monday, the 24th July, 2017 (both days inclusive) in connection with the ensuing Annual General Meeting proposed to be held on Monday, the 24th July, 2017.

Annual General Meeting And Remote E-voting - Click Here

Winding up of Excel Brazil Agronegocious Ltda, subsidiary of the Company

On 2nd February, 2017, the Board of Directors had decided to close down Excel Brazil Agronegocious Ltda, the Company’s subsidiary in Brazil. Pursuant to the said Board decision, Excel Brazil Agronegocious Ltda has been wound up effective 31st March, 2017. The Brazil subsidiary never carried out any commercial activities.

Supreme Court decision in the Competition Act matter.

By an order dated 23rd April, 2012, the Competition Commission of India had imposed on the Company a penalty of `63.90 crores alleging violation by the Company of Section 3 of the Competition Act, 2002, in relation to supply of a product to one buyer.

On the Company’s appeal against the said Order, the Competition Appellate Tribunal reduced the amount of penalty to `2.92 crores by its Order dated 29th October, 2013.

The Company and the Competition Commission of India filed appeals before the Hon’ble Supreme Court against the Order of the Competition Appellate Tribunal.

The Hon’ble Supreme Court by its Order dated 8th May, 2017 has disposed off the matter and has upheld the Order dated 29th October, 2013 of the Competition Appellate Tribunal.

The penalty of `2.92 imposed on the Company, which has been confirmed by the Hon’ble Supreme Court, has already been deposited and provided for by the Company in its books of account in F.Y. 2013-14.

Board Meeting Notice

A Meeting of the Board of Directors of the Company is scheduled to be held on Thursday, the 25th May, 2017, to consider inter alia, the audited financial results for the year ended 31st March, 2017 and recommendation of final dividend, if any, on equity shares of the Company for the financial year 2016-17.

Change in CRISIL Rating

CRISIL Limited has upgraded its Long Term Rating in relation to the Company’s Bank Facilities aggregating Rs. 200 crore from existing ‘CRISIL A+/Positive’ to ‘CRISIL AA-/Stable’.

The short term rating in relation to the said bank facilities continues to be ‘CRISIL A1+’

Outcome of the Board Meeting held on 2nd February, 2017

At the Meeting of the Board of Directors held on 2nd February, 2017, it has been decided in-principle to wind up or otherwise close down Excel Brazil Agronegocious Ltda, the Company’s subsidiary in Brazil.

The Brazil subsidiary was incorporated in 2011 but has never carried out any commercial operation. The subsidiary has also not been funded for share capital. In view of the changed business plans, the Board has decided to wind up or otherwise close down the subsidiary.

Letter to Stock Exchange - Supreme Court decision in Endosulfan Matter - Click Here

Notice of the Board Meeting to be held on 2nd February, 2017

A Meeting of the Board of Directors of the Company is scheduled to be held on Thursday, the 2nd February, 2017, to consider inter alia, the Standalone Unaudited Financial Results for the quarter and nine months ended 31st December, 2016.

Board Meeting Notice

A Meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, the 26 th October, 2016, to consider inter alia, the Standalone Unaudited Financial Results for the quarter and half year ended 30 th September, 2016.

Outcome of the Board Meeting held on 7th October, 2016 - Click Here

Resignation of Directors

At the Board Meeting held on Tuesday, 27th September, 2016, Mr. Deepak Bhimani and Mr. Mohit Bhuteria, Independent Directors, tendered resignation from the Board of Directors of the Company with immediate effect.

Recommendations of the Committee of Independent Directors on the Open Offer - Click Here

Voting Results of the AGM held on 28th July, 2016 - Click Here

Board Meeting Notice - 28.07.2016

A Meeting of the Board of Directors of the Company is scheduled to be held on Thursday, the 28 th July, 2016, to consider inter alia, the Standalone Unaudited Financial Results for the quarter ended 30 th June, 2016.

Newspaper Ad - Payment of Final Dividend FY 2015-16 and Interim Dividend FY 2016-17 - Click Here

Outcome of the Board Meeting held on 7th July, 2016

At the Meeting of the Board of Directors of the Company held today i.e. on Thursday, 7th July, 2016, the Board of Directors has declared an interim dividend of Rs. 11.50 per equity share on 1,10,05,630 equity shares of `5/- each which will be paid on or after Monday, the 1st August, 2016.

Payment of interim dividend will be made to the Members whose name stand on the Company’s Register of Members, on Thursday, the 28th July, 2016 and to the Beneficial Owner(s) as per the Beneficiary List at the close of business hours on Friday, the 22nd July, 2016, provided by the National Securities and Depository Limited and Central Depository Services (India) Limited.

Annual General Meeting and Remote E-voting - Click Here

Resignation of Director

Mr. S. Nallakuttalam, a representative of Life Insurance Corporation of India on our Board of Directors, has resigned from his directorship. The resignation is effective from 28th June, 2016.

Board Meeting Notice

A Meeting of the Board of Directors of the Company is scheduled to be held on Thursday, the 7th July, 2016, to consider interalia, declaration and payment of interim dividend.

52nd Annual General Meeting and Book Closure

Annual General Meeting

NOTICE IS HEREBY GIVEN THAT the Fifty Second Annual General Meeting of the Company is scheduled to be held on Thursday, the 28th July, 2016 at Rama and Sundri Watumull Auditorium, Kishinchand Chellaram College, Dinshaw Wacha Road, Churchgate, Mumbai - 400020 at 3.00 p.m.

Book Closure and Payment of Dividend

Further Notice is hereby given pursuant to Section 91 of the Companies Act, 2013 read with the Rules made thereunder and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 that the Register of Members and Share Transfer Books of the Company will remain closed from Saturday, the 23rd July, 2016 to Thursday, the 28th July, 2016 (both days inclusive) in connection with the ensuing Annual General Meeting proposed to be held on Thursday, the 28th July, 2016 as well as for payment of dividend of Rs. 12.50 per share (250%) recommended by the Board of Directors of the Company at their Meeting held on the 16th May, 2016.

The dividend of Rs. 12.50 per equity share recommended by the Board, if approved by the Members at the ensuing Annual General Meeting, will be paid on or after Monday, the 1st August, 2016, to those Members whose names stand on the Company’s Register of Members on Thursday, the 28th July, 2016 and to the Beneficial Owner(s) as per the Beneficiary List at the close of business hours on Friday, the 22nd July, 2016, provided by the National Securities and Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL).

Change in CRISIL Rating - Click Here

Change in CRISIL Rating - Click Here

Press Release – Sumitomo Chemical to acquire majority stake in Excel Crop Care - Click Here

Approval and Execution of the Share Purchase Agreement - Click Here

Sale of Equity Shares of Excel Industries Limited

The Audit Committee and the Board of Directors of the Company had considered and approved the sale of investment in 1,45,760 equity shares of Rs. 5/- each fully paid up of Excel Industries Limited at aggregate consideration of Rs. 4,05,21,280/- on 1st June, 2016.

On 2nd June, 2016, the Company has sold the equity shares of Excel Industries Limited to one of its existing co-promoters.

Outcome of the Board Meeting held on 1st June, 2016

The Audit Committee and Board of Directors of the Company at their Meeting held on 1st June, 2016, have considered and approved sale of investment in 1,45,760 equity shares of Rs. 5/- each fully paid up of Excel Industries Limited at aggregate consideration of Rs. 4,05,21,280/-. The sale of the shares will be to an existing co-promoter of Excel Industries Limited.

Clarification given to Stock Exchanges – 23.05.2016 - Click Here

Board Meeting Notice

A Meeting of the Board of Directors of the Company is scheduled to be held on Monday, the 16th May, 2016, to consider inter alia, the audited financial results for the year ended 31st March, 2016 and recommendation of dividend, if any, on equity shares of the Company for the financial year 2015-16.

Sale of Equity Shares of Aimco Pesticides Limited

The Board of Directors of the Company has considered and approved the sale of investment in 23,30,120 equity shares of Rs.10/- each fully paid up of Aimco Pesticides Limited at aggregate consideration of Rs.9,32,04,800/- on 22nd April, 2016 and pursuant to the said Board decision, the Company has sold the said equity shares to some of the existing co-promoters of Aimco Pesticides Limited.

Sale of Investments held by the Company

The Board of Directors of the Company had considered and approved the sale of investments held by the Company in Excel Genetics Limited, Kutch Crop Services Limited and ECCL Investments and Finance Limited on 30th March, 2016, and pursuant to the said Board decision, the Company has sold the said equity shares as per the details given below:

1. 22,50,000 equity shares of Rs.10/- each fully paid up of Excel Genetics Limited at a consideration of Rs.1,65,37,500/-.

2. 4,00,000 equity shares of Rs.10/- each fully paid up of Kutch Crop Services Limited at a consideration of Rs.3,35,00,000/-.

3. 50,000 equity shares of Rs.10/- each fully paid up of ECCL Investments & Finance Limited, a wholly-owned subsidiary, at a consideration of Rs.2,95,000/-.

With the sale and transfer of 50,000 equity shares of ECCL Investments and Finance Limited, it ceases to be our subsidiary company.

Clarification given to Stock Exchanges - Click Here

Outcome of the Board Meeting held on 22nd April, 2016

The Board of Directors of the Company at its meeting held on 22nd April, 2016 has considered and approved sale of investment in 23,30,120 equity shares of Rs.10/- each fully paid up of Aimco Pesticides Limited at aggregate consideration of Rs.9,32,04,800/-. The sale of the shares will be made to some of the existing co-promoters of Aimco Pesticides Limited.

Outcome of the Board Meeting held on 30th March, 2016

The Audit Committee and Board of Directors of the Company at their Meeting held on 30th March, 2016, have considered and approved the sale of investments held by the Company as under:

1. 22,50,000 equity shares of Rs.10/- each fully paid up of Excel Genetics Limited at a consideration of Rs.1,65,37,500/-.

2. 4,00,000 equity shares of Rs.10/- each fully paid up of Kutch Crop Services Limited at a consideration of Rs.3,35,00,000/-.

3. 50,000 equity shares of Rs.10/- each fully paid up of ECCL Investments & Finance Limited, a wholly-owned subsidiary at a consideration of Rs.2,95,000/-.

The Board of Directors of the Company also approved the dissolution of Multichem Industries, a partnership firm in which the Company is a 50% partner.

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