Banswara Syntex News

Banswara Syntex Files Q4FY26 Compliance Certificate

Banswara Syntex Limited submitted its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended 31st March, 2026, confirming proper dematerialization processes.

Banswara Syntex announces senior management changes

Banswara Syntex Limited announces resignation of Chief Human Resources Officer Mr. Marazban Velati effective March 31, 2026, and appointment of Mr. Indrajeet Sunil Sukate as Head of Corporate Human Resources from April 1, 2026.

Banswara Syntex Board Meet Set for Feb 10, 2026

Banswara Syntex Limited has scheduled its board meeting for February 10, 2026, to review and approve Q3FY26 unaudited financial results for the quarter ended December 31, 2025.

Banswara Syntex Limited Approves Leadership Changes Through Postal Ballot

Banswara Syntex Limited shareholders approved two special resolutions through postal ballot voting that concluded on October 29, 2025. The company changed the designation of Ravindrakumar Toshniwal from Managing Director to Vice-Chairman effective August 7, 2025, with the position now liable to retire by rotation. Simultaneously, Shaleen Toshniwal's designation was changed from Joint Managing Director to Managing Director effective the same date, with this position not liable to retire by rotation. Both resolutions received overwhelming shareholder support with approximately 99.88% votes in favor. The voting process was conducted through remote e-voting facilitated by Central Depository Services (India) Limited, with voting rights determined based on shareholding as of September 26, 2025.

Banswara Syntex Reports Mixed Q1 FY26 Results with 12.7% Revenue Growth but Posts Net Loss

Banswara Syntex Limited reported total income of INR309.6 crores for Q1 FY26, representing a 12.7% year-on-year increase. However, the company posted a net loss of INR1.4 crores despite EBITDA rising marginally to INR21.9 crores. The garment division showed strong performance with 42% revenue growth to INR75 crores and 78% capacity utilization. Fabric division revenue grew 4% to INR117 crores, while yarn division revenue increased 10% with sales volume up 13% to 51 lakh kgs. The company faced temporary labor shortages in the yarn division during the quarter, leading to reduced capacity utilization at 70%. Management expects sequential improvement in coming quarters and maintains targets of INR1,550 crores revenue and 12% EBITDA for the full year. The company plans capex of INR100 crores for the current year and expects benefits from the India-UK free trade agreement.