Resignation of Mr. Ketan Kumar Dave as Company Secretary and Compliance Officer w.e.f 19th May 2026 as last working day

Kmp ResignedManagement Changes View source PDF Explain this filing

BANSWRAS · price

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Price reactionminutes from the announcement price · days from the prior close

+0.5%Reaction day

₹122.00

prior close

₹122.99

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-0.1% vs market

Other Textile Products peers, median of 182sector-0.3%+0.8% vs sector

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.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

+2.0+1.7+0.3-0.1+2.2

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+0.4+4.1-3.7-0.2+0.6

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 182Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mr. Ketan Kumar Dave resigned as Company Secretary, Compliance Officer, and Key Managerial Personnel (KMP) of Banswara Syntex Limited effective 19th May 2026, citing better prospects as the reason. The company stated there is no material reason behind the resignation other than personal career growth. This was part of a board meeting that also approved the audited financial results for FY2026, where standalone profit after tax grew to Rs.2,840.20 Lakhs (vs Rs.2,139.11 Lakhs in FY2025) and consolidated PAT stood at Rs.3,120.05 Lakhs. The board also recommended a final dividend of Rs.1 per share and appointed a new Independent Director.

Likely market impact

The resignation of the Company Secretary is a routine KMP change and typically has minimal direct impact on stock price. The stronger positive signals come from the company's improved profitability and dividend recommendation, which are more relevant for shareholders.