Banswara Syntex Ltd has fixed Thursday, July 23, 2026, as the record date to determine shareholder eligibility for a final dividend of Re.1 per equity share of ₹5 each. The dividend, recommended by the Board for the financial year ended March 31, 2026, is subject to approval by shareholders at the ensuing 50th Annual General Meeting. If approved, the payment will be made within the prescribed time limit, subject to deduction of tax at source as applicable.

The Board of Directors recommended the dividend at its meeting held on Tuesday, May 19, 2026. The intimation was made pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has scheduled the AGM to seek shareholder approval for the financial results and other agenda items.

Financial Performance

The company reported a standalone turnover of ₹1,355.78 crore and a net profit after tax of ₹28.40 crore for FY 2025-26. Total income grew to ₹1,369.7 crore from ₹1,307.5 crore in the previous year, representing a growth of 4.8%. Profit After Tax rose 32.8% year-on-year to ₹28.40 crore, driven by improved sales realisations and operating efficiencies.

Operational Highlights

Export turnover increased to ₹63,151 Lakhs in FY 2025-26, accounting for 47% of total turnover. The company operates through Yarn, Fabric, and Garments divisions. The Fabric division led revenue growth at ₹569 crore, followed by Yarn at ₹449 crore and Garments at ₹324 crore.

AGM and E-Voting Details

Remote e-voting will be available from July 25 to July 29, 2026. Members are requested to register or update their email IDs with depositories to receive the notice and e-voting credentials. Physical copies of the Annual Report will be dispatched only upon request to the company or its Registrar, M/s. Computech Sharecap Limited.

Banswara Syntex reported a 32.8% rise in net profit to ₹2,840.20 lakh for the financial year ended March 31, 2026, compared to ₹2,139.11 lakh in the previous year. Revenue from operations for the year increased 5% to ₹1,35,578.44 lakh from ₹1,29,169.62 lakh in FY25. For the quarter ended March 31, 2026, the company recorded a net profit of ₹959.78 lakh, a significant increase from ₹512.86 lakh in the corresponding period of the previous year.

The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The statutory auditors, M/s. K.G. Somani & Co. LLP, issued an unmodified opinion on the financial results. The company recognized an exceptional item of ₹891.38 lakh during the year, primarily due to the reassessment of employee benefit obligations following the implementation of new Labour Codes effective November 21, 2025.

Financial Performance

The company’s total income for FY26 stood at ₹1,36,967.42 lakh, up from ₹1,30,746.63 lakh in the previous year. Total expenses for the year increased to ₹1,32,180.19 lakh from ₹1,27,773.93 lakh. Earnings per share (EPS) for the year improved to ₹8.30 from ₹6.25 in the prior year. On a consolidated basis, net profit for the year rose to ₹3,120.05 lakh from ₹2,215.59 lakh in FY25.

Dividend and Appointments

The Board recommended a final dividend of ₹1 per equity share of ₹5 each for the financial year ended March 31, 2026, subject to the approval of members at the ensuing Annual General Meeting. If approved, the dividend will result in a cash outflow of ₹342.32 lakh.

In governance matters, the Board approved the re-appointment of M/s. Ankit Maheshwari & Associates as Chief Internal Auditor and M/s. K.G. Goyal & Company as Cost Auditor for FY 2026-27. The company also re-appointed three whole-time directors—Mr. Rakesh Mehra, Mr. Ravindrakumar Toshniwal, and Mr. Shaleen Toshniwal—for a period of three years effective January 1, 2027. Additionally, Mr. Udeypaul Singh Gill was appointed as an Additional Director in the category of Non-Executive Independent Director for a term of five years effective May 20, 2026.

Other Key Decisions

Banswara Syntex approved changing its Registrar to an Issue and Share Transfer Agent (RTA) from M/s. Computech Sharecap Limited to M/s. Bigshare Services Private Limited. The existing RTA will continue to serve until the completion of data transition and other related procedures. The company also announced the resignation of Mr. Ketan Kumar Dave from the position of Company Secretary cum Compliance Officer effective May 19, 2026. Consequently, the trading window for directors and designated persons will open from May 22, 2026.