Banswara Syntex Limited has informed the Exchange that Board of Directors at its meeting held on May 15, 2025, recommended Final Dividend of Re. 1 per equity share.
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The Board of Banswara Syntex met on May 15, 2025 and approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2025, which received an unmodified (clean) opinion from statutory auditors K G Somani & Co. LLP. The Board also recommended a final dividend of ₹1 per equity share on shares of ₹5 face value for FY25, which would result in a total cash outflow of ₹342.32 lakhs, subject to shareholder approval at the upcoming AGM. Additionally, Mihen Halani & Associates was appointed as Secretarial Auditor for a five-year term (FY26 to FY30), and Ankit Maheshwari & Associates was appointed as Chief Internal Auditor for FY26.
The clean audit opinion signals healthy financial reporting with no major red flags. The ₹1 dividend represents a modest 20% payout on face value, offering a small but steady return to shareholders. The fresh governance appointments are routine and unlikely to materially impact the stock.