Banswara Syntex disclosed that promoter group member Udit Ravindra Toshniwal sold 15,199 equity shares in the open market. The disposal occurred across three trading sessions in late August 2026.

The transaction represents 0.04% of the company’s total paid-up capital. Toshniwal filed the disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, on August 27, 2026.

Transaction Details

The sale was executed on August 24, 25, and 26, 2026. Before the transaction, Toshniwal held 59,516 shares carrying voting rights, accounting for 0.17% of the total share capital. Following the disposal, his holding stands at 44,317 shares, or 0.13% of the total voting capital.

The face value of each equity share is ₹5. The company’s total equity share capital remains at ₹17,11,60,420, divided into 3,42,32,084 equity shares.

Promoter Group Holdings

The disposal slightly reduced the aggregate holding of the promoter and promoter group. As per Annexure-I of the disclosure, the total pre-transaction holding of the promoter group was 1,85,50,786 shares. This figure decreased to 1,85,35,587 shares post-transaction.

Other members of the promoter group, including Mrs. Kavita Soni, Mrs. Navnita Mehra, and Mr. Shaleen Toshniwal, maintained their existing holdings during this period. The total diluted share capital of the company remains unchanged at 3,42,32,084 equity shares.

Banswara Syntex paid an environmental compensation of ₹1.47 crore to the Pollution Control Committee of Dadra and Nagar Haveli and Daman and Diu (PCC DNH&DD) on August 25, 2026.

The payment follows an inspection of the company’s industrial unit in Daman, where authorities directed compliance with the Water (Prevention and Control of Pollution) Act, 1974, the Air (Prevention and Control of Pollution) Act, 1981, and the Hazardous and Other Waste (Management and Transboundary Movement) Rules, 2016.

Regulatory Findings

The PCC DNH&DD issued the order after identifying specific violations at the facility located in the Daman Industrial Estate. The inspection revealed operational gaps in emission control and waste management protocols.

Financial Impact

Banswara Syntex confirmed that it has paid the full amount of the environmental compensation as of August 25, 2026. The company stated that it has initiated necessary corrective measures to address the directions issued by the regulatory authority.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.