Banswara Syntex Limited has informed the Exchange regarding Appointment of Mr. Udeypaul Singh Gill as Non- Executive Independent Director of the company w.e.f. May 20, 2026.
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Banswara Syntex Limited reported strong FY26 results with standalone revenue of Rs 13,558 Lakhs (up 5% YoY) and consolidated profit after tax of Rs 3,120 Lakhs (up 41% YoY). The Board recommended a final dividend of Rs 1 per share. Key board changes include appointment of Mr. Udeypaul Singh Gill as Non-Executive Independent Director for 5 years, re-appointment of key executive directors (Rakesh Mehra, Ravindrakumar Toshniwal, Shaleen Toshniwal) for 3-year terms from January 2027, and resignation of Company Secretary Ketan Kumar Dave effective May 19, 2026. The company also changed its Registrar to an Issue and Share Transfer Agent from Computech Sharecap to Bigshare Services. An exceptional item of Rs 891.38 Lakhs was recognized due to new labour code implementation.
Strong financial performance with 41% YoY PAT growth is positive for shareholders. The resignation of the Company Secretary (KMP) may create temporary compliance uncertainty, though board independence is strengthened with new independent director appointment.