News Announcement

Excel Industries: Outcome of Board Meeting

We hereby inform you that the Board of Directors of the Company at their meeting held today has approved sale/transfer of the Environment & Biotech Division (ENBT) of the Company to its wholly owned subsidiary Company viz. Excel Bio Resources Limited (EBRL) as a going concern on ?as is where is basis by way of slump sale and the Company will make necessary equity investment not exceeding Rs.1000 lacs in EBRL.

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