Resignation of Mr. Ketan Kumar Dave as Company Secretary and Compliance Officer w.e.f 19th May 2026 as last working day
BANSWRAS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.
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.