Excel Industries Ltd - Update - Completion of Project for supplies against long term supply agreement

On 13th November 2025, Excel Industries had announced the signing of a binding term sheet with a leading Indian specialty chemicals company for supply of a specialty chemical. The supply period is 5 years. The indicated income net of Raw Material Costs was Rs 35 - 40 Cr per annum.

The Company had mentioned at that time, that it would be commissioning a dedicated setup for effecting the above supplies with an estimated CAPEX of ~ Rs 40 Cr. It was also mentioned that the Company would receive a trade advance of Rs 25 Cr from the customer.

The Company is pleased to announce that the project for production of the specialty chemicals for supplies under the long-term supply agreement has been successfully completed on 23rd July 2026, as per the timelines agreed with the customer.

Commenting on this development, Mr. Ravi Ashwin Shroff - Managing Director said, "We are pleased to announce the successful completion of the project for production for supplies against the long term supply agreement on 23rd July 2026. The project has been completed as per the timelines agreed with the customer. This achievement underscores our execution abilities and our commitment towards fulfilling the customer expectations. This achievement will further strengthen our position as a reliable contract manufacturing partner, whilst diversifying our revenue base.

We are hopeful that this will set the base for more opportunities for the company in the contract manufacturing space.

Shares of Excel Industries Limited was last trading in BSE at Rs. 916.40 as compared to the previous close of Rs. 949.65. The total number of shares traded during the day was 233 in over 95 trades.

The stock hit an intraday high of Rs. 952.45 and intraday low of 909.00. The net turnover during the day was Rs. 217268.00.

Source : Equity Bulls

Keywords

ExcelIndustries INE369A01029 SpecialtyChemicals Update