Excel Industries Limited recommended a dividend of INR 18.75 (375%) per equity share of face value of INR 5 each for the full year ended March 31, 2019, against the dividend of INR 12.50 (250%) paid for the previous financial year 2017-2018. The dividend payout is subject to the approval of the members at the ensuing Annual General Meeting. The dividend payment date is August 20, 2019.