Investor Relations
ANNOUNCEMENTS
A Meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, the 6th August, 2019, to consider inter alia, the unaudited financial results for the quarter ended 30th June, 2018.
At the Meeting of the Board of Directors held on 29th May, 2019, the Board has not recommended any final dividend for the financial year 2018-19. It may be noted that at the said Meeting, the Board has declared an interim dividend of ₹6.25 per share for the financial year 2018-19.
A meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, the 29th May, 2019 to consider interalia:
- The Audited Financial Statements of the Company for the Financial Year ended 31st March, 2019.
- Recommendation of Dividend, if any, on equity shares of the Company for the Financial Year 2018-19.
A Meeting of the Board of Directors of the Company is scheduled to be held on Friday, the 8th February, 2019, to consider inter alia, the standalone unaudited financial results for the quarter and nine months ended 31st December, 2018.
At the Meeting of the Board of Directors of the Company held on 27th October, 2018 the Board has approved reappointment of Mr. Ninad D. Gupte as the Joint Managing Director of the Company with effect from 26th October, 2018, subject to the approval of the Members.
A Meeting of the Board of Directors of the Company is scheduled to be held on Friday, the 2nd November, 2018, to consider inter alia, the standalone unaudited financial results for the quarter and half year ended 30th September, 2018.
CRISIL has reviewed and revised the ratings given for the Company’s Working Capital Bank Facilities aggregating ₹2000 million as follows:
- Long Term Rating – Revised to CRISIL AA- (Placed on ‘Rating Watch with Positive Implications’) from earlier rating – CRISIL AA-/Stable
- Short Term Rating – CRISIL A1+ (Reaffirmed)
A Meeting of the Board of Directors of the Company is scheduled to be held on Friday, the 27th July, 2018, to consider inter alia, the unaudited financial results for the quarter ended 30th June, 2018.
The CRISIL Limited has given the following ratings to the Company’s Working Capital Bank Facilities aggregating ₹2000 million:
- Long Term Rating – CRISIL AA-/Stable
- Short Term Rating – CRISIL A1+
NOTICE IS HEREBY GIVEN THAT the Fifty Fourth Annual General Meeting of the Company is scheduled to be held on Thursday, the 2nd August, 2018 at Crystal Banquet, VITS Hotel, Andheri Kurla Road, International Airport Zone, Andheri (East), Mumbai-400059 at 3.00 p.m.
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 21st July, 2018 to Thursday, the 2nd August, 2018 (both days inclusive) in connection with the ensuing Annual General Meeting to be held on Thursday, the 2nd August, 2018 as well as for payment of dividend of ₹8.75 per share (175%) recommended by the Board of Directors of the Company at their Meeting held on the 25th May, 2018.
Payment of dividend as recommended by the Board of Directors, if declared at the Annual General Meeting, will be made on or after Monday, the 6th August, 2018, to the Members whose names stand on the Company’s Register of Members on Thursday, the 2nd August, 2018 and to the Beneficial Owner(s) as per the Beneficiary List at the close of business hours on Friday, the 20th July, 2018, provided by the National Securities and Depository Limited and Central Depository Services (India) Limited.
NOTICE IS HEREBY GIVEN THAT the Fifty Fourth Annual General Meeting (AGM) of the Company is scheduled to be held on Thursday, the 2nd August, 2018 at Crystal Banquet, VITS Hotel, Andheri Kurla Road, International Airport Zone, Andheri (East), Mumbai-400059 at 3.00 p.m. to transact the business as set out in the Notice convening the AGM, which has been despatched/e-mailed to all the Members of the Company alongwith Annual Report for the financial year 2017-18 on 4th July, 2018. The Annual Report including the Notice is also available on the Company’s website www.excelcropcare.com
Pursuant to Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, the Company is providing Remote e-voting facility to the Members to cast their votes by electronic means on all the resolutions set out in the Notice convening the AGM. The Company is making available the e-voting platform provided by Central Depository Services (India) Limited (CDSL) for e-voting by Members. Members are requested to follow the instructions mentined in the AGM Notice which can also be downloaded from the Company’s website www.excelcropcare.com
The Company has fixed 26th July, 2018 as the cut-off date to record the entitlement of shareholders to cast their vote. A person whose name is recorded in the Register of Members or the Register of Beneficial Owners maintained by the depositories as on the cut-off date only shall be entitled to avail of remote e-voting facility or vote in the AGM.
The procedure for remote e-voting is available in the Notice of the AGM sent to the Members. The e-voting period begins on Monday, the 30th July, 2018 (9.00 a.m.) and ends on Wednesday, the 1st August, 2018 (5.00 p.m.). The remote e-voting facility shall be disabled by CDSL thereafter and remote e-voting shall not be allowed thereafter.
Eligible Members who have acquired shares after the despatch of the Annual Report have option to request for electronic/physical copy of the Annual Report by sending an email to [email protected] or [email protected] by mentioning their Folio/DP ID and Client ID No. Members can also download it from the website of the Company www.excelcropcare.com. These members may write to the Registrar & Share Transfer Agents of the Company, M/s. Link Intime India (P) Ltd. or send an email at [email protected] to obtain login ID and password for participating in e-voting.
In case you have any queries or issues regarding e-voting, you may refer the Frequently Asked Questions (“FAQs”) and e-voting manual available at www.evotingindia.com under help section or write an email to [email protected].
Any query or grievances connected with the remote e-voting may be addressed to Mr. Arun Mahamunkar, Senior Manager – Legal or Ms. Deepika Trivedi, Manager – Secretarial on the following address:
The Company shall provide facility for voting on the resolutions set out in the Notice convening the AGM by means of ballot or polling papers for all those Members who are present at the AGM but have not cast their votes by availing the remote e-voting facility. However, a Member who has voted on a resolution through the remote e-voting facility will not be permitted to vote again at the venue of the AGM. He shall, however, be permitted to participate in the AGM.
Mr. Prashant Diwan, Practicing Company Secretary, has been appointed as the Scrutinizer by the Board of Directors of the Company to scrutinize the remote e-voting process and voting at the venue of the AGM in a fair and transparent manner.
The results of voting on the resolutions shall be declared and shall be placed along with the Consolidated Scrutinizer’s Report on the Company’s website www.excelcropcare.com and on the website of CDSL www.evotingindia.com within two days of the conclusion of the AGM and shall also be communicated to the BSE Limited and National Stock Exchange India Limited where the shares of the Company are listed.
A Meeting of the Board of Directors of the Company is scheduled to be held on Friday, the 25th May, 2018, to consider inter alia, the audited financial statements for the year ended 31st March, 2018 and recommendation of dividend, if any, on equity shares of the Company for the financial year 2017-18.
Postal Ballot Notice - Click here
Postal Ballot Form – Click here
At the Meeting of the Board of Directors of the Company held today (i.e. 8th February, 2018) the Board has decided to seek approval of the shareholders for the following resolutions through Postal Ballot process:
- Ordinary Resolution for approval pursuant to Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for transactions entered into or proposed to be entered into by the Company with Sumitomo Chemical India Private Limited, a related party of the Company, during the financial year 2017-18.
- Ordinary Resolution for approval pursuant to Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for transactions proposed to be entered into by the Company with Sumitomo Chemical India Private Limited, a related party of the Company, during the financial year 2018-19.
A Meeting of the Board of Directors of the Company is scheduled to be held on Thursday, the 8th February, 2018, to consider inter alia, the standalone unaudited financial results of the Company for the quarter and nine months ended 31st December, 2017.
At the Meeting of the Board of Directors held on 2nd November, 2017, it has been decided in-principle to wind up or otherwise close down Excel Crop Care (Australia) Pty Ltd., the Company’s wholly-owned subsidiary in Australia.
The major function of the Australian subsidiary is to hold and maintain Product Registrations in Australia in respect of the Company’s products. The Company has made alternative arrangement for this purpose. In view of the same, the Board has decided in-principle to wind up or otherwise close down the subsidiary.
A Meeting of the Board of Directors of the Company is scheduled to be held on Thursday, the 2nd November, 2017, to consider inter alia, the unaudited financial results for the quarter and half year ended 30th September, 2017.
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.
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
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.
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.
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.
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.
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.
CRISIL Limited has upgraded its Long Term Rating in relation to the Company’s Bank Facilities aggregating ₹ 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+’
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.
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.
A Meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, the 26th October, 2016, to consider inter alia, the Standalone Unaudited Financial Results for the quarter and half year ended 30th September, 2016.
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.
A Meeting of the Board of Directors of the Company is scheduled to be held on Thursday, the 28th July, 2016, to consider inter alia, the Standalone Unaudited Financial Results for the quarter ended 30th June, 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 ₹ 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.
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.
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.
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.
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 ₹ 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 ₹ 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).
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 ₹ 5/- each fully paid up of Excel Industries Limited at aggregate consideration of ₹ 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.
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 ₹ 5/- each fully paid up of Excel Industries Limited at aggregate consideration of ₹ 4,05,21,280/-. The sale of the shares will be to an existing co-promoter of Excel Industries Limited.
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.
The Board of Directors of the Company has considered and approved the sale of investment in 23,30,120 equity shares of ₹ 10/- each fully paid up of Aimco Pesticides Limited at aggregate consideration of ₹ 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.
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:
- 22,50,000 equity shares of ₹ 10/- each fully paid up of Excel Genetics Limited at a consideration of ₹ 1,65,37,500/-.
- 4,00,000 equity shares of ₹ 10/- each fully paid up of Kutch Crop Services Limited at a consideration of ₹ 3,35,00,000/-.
- 50,000 equity shares of ₹ 10/- each fully paid up of ECCL Investments & Finance Limited, a wholly-owned subsidiary, at a consideration of ₹ 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.
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 ₹ 10/- each fully paid up of Aimco Pesticides Limited at aggregate consideration of ₹ 9,32,04,800/-. The sale of the shares will be made to some of the existing co-promoters of Aimco Pesticides Limited.
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:
- 22,50,000 equity shares of ₹ 10/- each fully paid up of Excel Genetics Limited at a consideration of ₹ 1,65,37,500/-.
- 4,00,000 equity shares of ₹ 10/- each fully paid up of Kutch Crop Services Limited at a consideration of ₹ 3,35,00,000/-.
- 50,000 equity shares of ₹ 10/- each fully paid up of ECCL Investments & Finance Limited, a wholly-owned subsidiary at a consideration of ₹ 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.
Mr. Anil Nawal has been appointed as Chief Financial Officer (CFO) of the Company in place of Mr. K. Srinivasan with effect from October 01, 2015.
NOTICE IS HEREBY GIVEN THAT the 51st Annual General Meeting (AGM) of Excel Crop Care Limited will be held at Rama Watumull Auditorium, Kishinchand Chellaram College, Dinshaw Wacha Road, Churchgate, Mumbai–400020 on Wednesday, the 23rd September, 2015, at 3.00 p.m. to transact the business as set out in the Notice convening the AGM, which has been dispatched/e-mailed to all the Members of the Company alongwith Annual Report for the financial year 2014-15. The Annual Report including the Notice is also available on the Company’s website www.excelcropcare.com
Further, pursuant to Section 91 of the Companies Act, 2013 read with the Rules made thereunder and as per the Listing Agreements with the Stock Exchanges, the Register of Members and Share Transfer Books of the Company will remain closed from Saturday, 12th September, 2015 to Wednesday, 23rd September, 2015 (both days inclusive).
The dividend of ₹12.50 per equity share recommended by the Board, if approved by the Members at the ensuing AGM, will be paid on or after Saturday, the 26th September, 2015 to those Members whose names stand on the Company’s Register of Members on Wednesday, the 23rd September, 2015, and to the beneficial owner(s) as per the beneficiary list at the close of business hours on Friday, the 11th September, 2015 as per the details furnished by the National Securities and Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL).
Pursuant to Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, the Company is providing e-voting facility to the Members to cast their votes by electronic means on all the resolutions set out in the Notice convening the AGM. The Company is making available the e-voting platform provided by CDSL for e-voting by Members. Members are requested to follow the instructions available in the AGM Notice which can also be downloaded from the Company’s website www.excelcropcare.com
The Company has fixed 16th September, 2015 as the cut-off date to record the entitlement of shareholders to cast their vote. The procedure for e-voting is available in the Notice of the AGM sent to the Members. The e-voting period begins on Sunday, the 20th September, 2015 (09.00 a.m.) and ends on Tuesday, the 22nd September, 2015 (5.00 p.m.). The e-voting facility shall be disabled by CDSL thereafter.
Eligible Members who have acquired shares after the dispatch of the Annual Report have option to request for electronic/physical copy of the Annual Report by sending an email to the Company’s investor email ids: [email protected] or [email protected] by mentioning their Folio/DP ID and Client ID No. Members can also download it from the website of the Company www.excelcropcare.com.
In case you have any queries or issues regarding e-voting, you may refer the Frequently Asked Questions (“FAQs”) and e-voting manual available at www.evotingindia.com under help section or write an email to [email protected]
Mr. Prashant Diwan, Practicing Company Secretary, has been appointed as the Scrutinizer by the Board of Directors of the Company to scrutinize the e-voting process in a fair and transparent manner.
The results alongwith the Scrutinizer’s report shall be declared as per the proceedings of the AGM and placed on the Company’s website www.excelcropcare.com and on the website of CDSL www.evotingindia.com within two days of passing the resolutions at the AGM and communicated to the BSE Limited and National Stock Exchange India Limited where the shares of the Company are listed.
Any query or grievances connected with the e-voting may be addressed to the Company’s investor email ids: [email protected] or [email protected]
Excel Genetics Limited, the Company’s Subsidiary engaged in seeds business and in respect of whom the Company held 75% equity capital, has made a preferential allotment of 25,00,000 equity shares to Harvest Agribusiness Private Limited, which already holds 23.33% of its equity capital. Consequently, Excel Genetics Limited has ceased to be our Subsidiary.
The Board of Directors of the Company at its meeting held on July 29th, 2015, has appointed Mr. Hrishit A. Shroff, a relative to Mr. Ashwin C Shroff, Chairman & Director of the Company, as the Company’s Executive Director with effect from August 01, 2015.
The term of Mr. Ninad D. Gupte as the Company’s Joint Managing Director expires on July 31st, 2015 and he will be ceased to be a Director on the Board thereafter.
The Board of Directors of the Company at its meeting held on May 27th, 2015, inter alia, has recommended a dividend of ₹ 12.50 per equity shares of ₹ 5/- each (Previous Year : ₹ 12.50 per shares).
The Board of Directors of the Company at its meeting held on March 25th, 2015, has been appointed Dr. Meena A. Galliara as director of the Company w.e.f. March 25, 2015.
Mr. Brian Benson has tendered his resignation as a director of the Company w.e.f. June 01, 2015.