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EXCEL INDUSTRIES LIMITED

55th AnnuAl RepoRt 2015-16 SUSTAININGEXCEL INDUSTRIES LIMITED56th Annual Report 2016-17excellenceDisclaimerThis document contains statements about expected future events and financial and operating results of EXCEL INDUSTRIES LIMITED , which are forward-looking. By their nature, forward-looking statements require the Company to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the assumptions, predictions and other forward-looking statements may not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause assumptions, actual future results and events to differ materially from those expressed in the forward-looking statements.

Disclaimer This document contains statements about expected future events and financial and operating results of Excel Industries Limited, which are forward-looking.

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