The Board of Excel Industries Limited has recommended a dividend of INR 11.25/- (225%) per equity share of the face value of INR 5/- each for the fiscal year 2022-23, subject to the approval of the shareholders at the upcoming Annual General Meeting (AGM) of the Company. The dividend will be paid within 30 days of its declaration by the shareholders at the AGM. The date of AGM will be informed in due course.