Submission of Outcome of Board Meeting
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Kiran Syntex Ltd's board met on 14 November 2025 and approved unaudited financial results for the quarter and half-year ended 30 September 2025, which show continuing losses with total revenue of around Rs 84.45 lakh for Q2 and a net loss for the period. Two new independent directors, Mr. Rakesh Rameshchandra Modi and Mr. Jitendra Dineshchandra Dina, were appointed as additional non-executive independent directors. At the same time, two existing independent directors, Mr. Manojkumar Dhirajbhai Patel and Mr. Dineshkumar Dhirajbhai Patel, resigned citing pre-occupation with other activities, and Company Secretary cum Compliance Officer Ms. Daizy Jain also resigned to pursue career growth. The board also proposed altering the company's main business objects to diversify into new sectors and adopting a new set of Memorandum and Articles of Association aligned with the Companies Act, 2013, both subject to shareholder approval at an EGM on 22 December 2025.
Shareholders should note the simultaneous exit of two independent directors and the company secretary, which triggers committee reconstitution and could raise short-term governance concerns, though replacements were appointed the same day. The proposed diversification of business and MOA/AOA overhaul signal the company is pivoting strategy, and the persistent quarterly losses mean the EGM in December will be a key event for investors to watch.