Banswara Syntex Limited has informed the Exchange regarding Outcome of Board Meeting held on August 06, 2025.1. Change in designation of Mr. Ravindrakumar Toshniwal (DIN: 00106789) from Managing Director to Vice -Chairman effective from 7th August, 2025, and he shall be liable to retire by rotation. All other terms and conditions of his appointment and remuneration as approved by the Shareholders at the Annual General Meeting of the Company held on 5th August, 2023 and 6th August, 2024 shall remain unchanged2. Change in designation of Mr. Shaleen Toshniwal (DIN: 00246432) from Joint Managing Director to Managing Director effective from 7th August, 2025, and he shall not be liable to retire by rotation. All other terms and conditions of his appointment and remuneration as approved by the Shareholders at the Annual General Meeting of the Company held on 5th August, 2023 and 6th August, 2024 shall remain unchanged.
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Banswara Syntex reported its Q1 FY26 (quarter ended June 30, 2025) standalone results with revenue from operations rising about 12.8% year-on-year to Rs. 30,581 lakhs. However, the company slipped into a loss of Rs. 141 lakhs (from a profit of Rs. 98 lakhs in Q1 FY25) and posted a negative EPS of Rs. 0.41, as total expenses grew faster than revenue. On a consolidated basis, revenue was Rs. 30,597 lakhs with a loss after tax of Rs. 137 lakhs. The board re-designated Mr. Ravindrakumar Toshniwal from Managing Director to Vice-Chairman and elevated his brother Mr. Shaleen Toshniwal from Joint Managing Director to Managing Director, both effective August 7, 2025. A postal ballot will be sent to shareholders to approve the re-designations, while the existing remuneration terms for both continue unchanged till December 31, 2026.
The Q1 results are mixed – healthy top-line growth is offset by a return to losses, which may pressure the stock in the short term. The leadership change is a smooth, planned succession within the promoter family, with the next-generation director taking charge as MD and the senior figure continuing as Vice-Chairman, ensuring management continuity.