Excel Industries Limited announced that Mr. Praveen K. Molri, Nominee Director, representing LIC of India, has stepped down from the position of the Nominee Director of the Company with effect from 20th August, 2021 due to the reasons Mr. Praveen K. Molri, has informed the company that in accordance with the latest rules in LIC of India, it is time for him to relinquish his position as Nominee Director of Excel Industries Limited.