Premier Synthetics Limited promoter, Rajiv Giriraj Bansal, has recently made a significant move by encumbering a portion of his shareholding. The action, which involves shares worth over Rs 25 lakh, was disclosed in compliance with SEBI regulations.

Key Details of the Encumbrance

Purpose and Implications

The encumbrance was created for obtaining margin trading facilities, indicating that the promoter may be leveraging his shareholding for additional financial flexibility. It's important to note that while this represents a significant portion of the promoter's personal holding, it remains below 20% of the company's total share capital.

Regulatory Compliance

This disclosure aligns with the Securities and Exchange Board of India (SEBI) regulations governing substantial acquisition of shares and takeovers. Such transparency is crucial for maintaining market integrity and keeping shareholders informed about significant changes in promoter holdings.

The move by Rajiv Giriraj Bansal underscores the complex interplay between personal financial strategies of promoters and their commitments to their companies. While the encumbrance doesn't necessarily indicate any immediate changes in Premier Synthetics' operations or ownership structure, it provides insight into the financial maneuvering of key stakeholders.

Premier Synthetics Limited , a company that recently discontinued its manufacturing operations, has announced significant strategic moves to reshape its business model and optimize its assets. The company's Board of Directors has approved key decisions that signal a shift in its business focus and a move to monetize its real estate holdings.

Business Expansion into Consultancy Services

In a board meeting held on August 25, 2025, Premier Synthetics' directors approved amendments to the company's Memorandum of Association, adding consultancy services as a new business activity. This expansion allows the company to offer a range of consultancy services, including:

• Management consultancy
• Selling consultancy
• Manufacturing consultancy
• Finance consultancy

These services will be provided to companies on various bases, including fee-based, commission-based, and profit-sharing arrangements, both in India and abroad. This move represents a significant pivot for Premier Synthetics, potentially opening up new revenue streams following the cessation of its manufacturing operations.

Asset Monetization: Land Sale Approval

In addition to the business model expansion, the board has approved the sale of a substantial land parcel. The details of the approved sale are as follows:

The company has specified that the sale price should not be less than INR 6.00 crores, indicating a minimum valuation for the property. This decision aligns with the company's recent operational changes, as Premier Synthetics had already discontinued its manufacturing operations from January 1, 2024.

Corporate Governance and Compliance

The board meeting, which lasted from 12:30 p.m. to 1:45 p.m. (IST) on August 25, 2025, also addressed several corporate governance matters:

1. Approval of resolutions under Section 180(1)(a) of the Companies Act, 2013, which likely pertains to the sale of the company's land.
2. Approval of an addendum to the Notice of the 55th Annual General Meeting, ensuring shareholders are informed of these significant changes.

It's worth noting that the proposed land sale does not fall under related party transactions, maintaining transparency in the company's dealings.

Looking Ahead

These strategic decisions by Premier Synthetics Limited mark a significant turning point for the company. By diversifying into consultancy services and monetizing its real estate assets, the company appears to be repositioning itself in the market following the cessation of its manufacturing activities.

The company's move into consultancy services, particularly in areas such as management, sales, manufacturing, and finance, suggests an attempt to leverage its existing industry knowledge and networks. Meanwhile, the land sale could provide a substantial cash infusion, potentially funding the company's transition into its new business model.

As Premier Synthetics navigates this significant transformation, stakeholders will be watching closely to see how effectively the company executes its new strategy and capitalizes on these opportunities in the consultancy sector.