Excel Industries Limited announced that Mr. Kailas Dabholkar will step down from the position of Chief Financial Officer of the Company with effect from 8 February, 2018 post superannuation and in his place Mr. Devendra Dosi has been appointed as Chief Financial Officer of the Company with effect from 8th February, 2018 by the Board on the recommendations of Audit Committee and Nomination and Remuneration Committee of the Directors.