Banswara Syntex accepted the resignation of Narendra Kumar Ambwani as Non-Executive Independent Director, effective September 8, 2026. The departure follows a formal intimation to stock exchanges under SEBI Listing Regulations.

The company disclosed the change pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Ambwani cited advancing age and recurring health issues as reasons for stepping down from the board.

Resignation Details

Mr. Ambwani confirmed in his resignation letter that there are no material reasons for his exit other than those stated. He expressed gratitude to the Chairman and Board for their support during his tenure.

Managing Director Shaleen Toshniwal signed the disclosure, enclosing the resignation letter and required annexures for regulatory compliance.

Banswara Syntex promoter group member Udit Ravindra Toshniwal disposed of 6,861 equity shares in the open market on September 1, 2026. The transaction reduced his stake in the company by 0.02%.

The sale, disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, brings Toshniwal’s total holding to 37,456 shares. This represents 0.11% of the company’s total paid-up equity capital of ₹17.12 crore.

Transaction Details

Toshniwal held 44,317 shares, or 0.13% of the voting capital, prior to the disposal. The open-market sale was executed on September 1, 2026, with the disclosure filed on September 3, 2026. No shares were encumbered or pledged in connection with this transaction.

Promoter Group Holdings

The disposal affects only Toshniwal’s individual holding within the broader promoter group. The aggregate holding of the promoter and promoter group decreased marginally from 1,85,35,587 shares to 1,85,28,726 shares. Other key promoter group members, including Shaleen Toshniwal and Ravindrakumar Toshniwal, maintained their pre-transaction holdings unchanged.