Banswara Syntex Limited shareholders have approved the re-appointment of its senior management and the appointment of a new independent director, ensuring leadership continuity for the textile manufacturer. The resolutions were passed during the company’s 50th Annual General Meeting (AGM) held on July 30, 2026, via Video Conferencing/Other Audio-Visual Means (VC/OAVM). The meeting commenced at 5:00 P.M. (IST) and concluded at 6:40 P.M. (IST), with 70 members attending in person or through authorized representatives.

The primary focus of the special business items was the renewal of mandates for the company’s top executives. Shareholders passed special resolutions to re-appoint Rakesh Mehra as Chairman and Whole-time Director, Ravindrakumar Toshniwal as Vice Chairman and Whole-time Director, and Shaleen Toshniwal as Managing Director. These appointments are for a period of three years, effective from January 1, 2027, to December 31, 2029. Additionally, Udeypaul Singh Gill was appointed as a Non-Executive Independent Director for his first term of five consecutive years, from May 20, 2026, to May 19, 2031.

Alongside the leadership renewals, the ordinary business included the adoption of the Audited Standalone and Consolidated Financial Statements for FY26. The Chief Financial Officer, Kavita Gandhi, informed members that there were no qualifications, reservations, or adverse remarks in the Statutory Audit Report or Secretarial Audit Report that would adversely affect the company’s functioning. The reports were taken as read with the consent of the members.

The meeting also addressed statutory compliance matters. Shareholders ratified the remuneration to the Cost Auditors for the financial year 2026-27. Furthermore, Ravindrakumar Toshniwal, who retires by rotation, offered himself for re-appointment as a Director, which was approved via an ordinary resolution. The proceedings were conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI.

Key Resolutions Passed at the 50th AGM

Governance and Audit Oversight

The meeting featured detailed disclosures regarding audit and governance oversight. Amber Jaiswal and Ankush Sharma represented K G Somani & Co. LLP, the statutory auditors, while Ankit Maheshwari and Praveen Verma represented M/s Ankit Maheshwari & Associates, the internal auditors. CS Milin Ramani served as the representative of M/s. Mihen Halani & Associates, acting as both Scrutinizer and Secretarial Auditor.

The quorum required under Section 103 of the Companies Act, 2013, was present throughout the meeting. Remote e-voting arrangements were facilitated by Central Depository Services (India) Limited (CDSL), with the e-voting lines kept open for 15 minutes post-meeting. The consolidated results of the voting are to be declared within prescribed timelines following the submission of the Scrutinizer’s report.

Banswara Syntex Limited will host an earnings conference call on Monday, August 3, 2026, to discuss its operational and financial performance for the first quarter of FY27 (Q1FY27). The event provides investors with a direct channel to management for insights into the company’s recent results and strategic outlook, addressing market interest in the textile manufacturer’s quarterly trajectory.

The conference call is scheduled for 2:00 PM IST and is being conducted pursuant to Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory requirement ensures timely disclosure of material information to stakeholders, facilitating transparency in the company’s reporting process for the quarter ended June 30, 2026.

Key executives from Banswara Syntex Limited are confirmed to participate in the discussion. Ravindra Kumar Toshniwal, Promoter and Vice-Chairman, and Kavita Gandhi, CFO, will be available to address queries regarding the financial statements and operational metrics. Their participation underscores the management’s commitment to engaging with shareholders and analysts on the company’s performance drivers.

Investors can access the conference call through dedicated toll-free numbers provided by the company. The primary access numbers are +91 22 6280 1309 and +91 22 7115 8210. International participants can dial specific toll-free lines for Hong Kong, Singapore, the UK, and the USA, ensuring global accessibility for institutional and retail investors alike.

Participants are requested to pre-register for the call via the link provided in the official intimation. The event is organized with the support of Strategic Growth Advisors Pvt. Ltd., with Devraj Ghatge and Rahul Agarwal serving as contact points for registration assistance. The full transcript and recording will be hosted on the company’s website, www.banswarasyntex.com , post-event for wider dissemination.