Banswara Syntex Limited has informed the Exchange regarding Appointment of Mr. Indrajeet Sunil Sukate as Head of Corporate Human Resources w.e.f. 1st April 2026 under the category of Senior Management Personnel
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Banswara Syntex has informed the stock exchanges about a change in its senior management team. Mr. Marazban Velati, Chief Human Resources Officer, has resigned effective end of business on 31st March 2026, citing his wish to explore career opportunities outside the company. To fill the role, the Board has appointed Mr. Indrajeet Sunil Sukate as Head of Corporate Human Resources effective 1st April 2026. Mr. Sukate brings over 18 years of HR/IR experience from companies such as Kabra Extrusiontechnik, IG Petrochemicals, Shera, and Indo Amines, and holds a Master's in HRM from JBIMS Mumbai. The transition is part of a planned handover with no disruption to operations.
This is a routine senior management transition within the HR function and is unlikely to materially affect the stock price or business operations. Investors should note the resignation is voluntary and the successor is an experienced external hire, which may bring a fresh strategic perspective to HR and people management at the company.