Submission of outcome of Extra Ordinary General Meeting
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Kiran Syntex Ltd held an Extra Ordinary General Meeting on 22 December 2025 where all five agenda items were passed. Two new Non-Executive Independent Directors were appointed: Mr. Rakesh Rameshchandra Modi and Mr. Jitendra Dineshchandra Dina, each for a five-year term. The company also adopted new sets of Memorandum of Association and Articles of Association to align with the Companies Act, 2013. Additionally, the main business objects were altered to allow the company to diversify into new business sectors beyond its existing activities.
The addition of two experienced independent directors strengthens board oversight, while the amended MOA/AOA and expanded business objects give the company flexibility to enter new sectors. Shareholders should watch for announcements on specific new business lines, as this signals a potential strategic pivot beyond the current textile operations.