Banswara Syntex Limited has informed the Exchange regarding Resignation of Mr. Ketan Kumar Dave as Company Secretary & Compliance Officer of the company w.e.f. May 19, 2026 as last working day.
BANSWRAS · price
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On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.8 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Banswara Syntex Limited's Board Meeting on May 19, 2026 approved multiple items including audited FY2026 financial results showing standalone revenue of Rs 13,558 lakhs and consolidated PAT of Rs 312 lakhs (up 41% YoY). The Board recommended a final dividend of Rs 1 per share and re-appointed three executive directors (Rakesh Mehra, Ravindrakumar Toshniwal, and Shaleen Toshniwal) for three years from January 2027. Mr. Udeypaul Singh Gill was appointed as a Non-Executive Independent Director for five years. Additionally, Mr. Ketan Kumar Dave resigned as Company Secretary, Compliance Officer and KMP effective May 19, 2026, citing 'better prospects' as the reason, with no other material reasons stated. The company also approved changing its RTA from Computech Sharecap Limited to Bigshare Services Private Limited.
The resignation of the Company Secretary and KMP is a governance change but appears to be voluntary with no material concerns flagged. The company demonstrated strong financial performance with profit growth exceeding 40% YoY on a consolidated basis.