Shree Rajasthan Syntex Approves Rs 47.5 Crore Capital Increase and Preferential Share Issue

1 min read Updated on 11 Aug 2025, 09:15 PM

Reviewed by

Jubin VScanX News Team

Overview

Shree Rajasthan Syntex Limited approved an increase in authorized share capital to Rs 47.50 crore and a preferential issue of up to 1,27,25,000 equity shares. The company reported a net loss of Rs 133 lakhs for Q1 FY2026. Board reappointed two independent directors and made changes to auditor appointments. The 45th AGM is scheduled for September 10, 2025.

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Shree Rajasthan Syntex Limited , a textile company based in Rajasthan, has announced significant corporate actions and financial results following a board meeting held on August 11, 2025.

Capital Increase and Preferential Share Issue

The board of directors has approved an increase in the company's authorized share capital to Rs 47.50 crore. This includes a Rs 13.00 crore increase in authorized equity share capital. The new structure comprises Rs 41.50 crore in equity share capital (4,15,00,000 equity shares of Rs 10 each) and Rs 6.00 crore in preference share capital (6,00,000 non-convertible cumulative redeemable preference shares of Rs 100 each).

In a move to raise funds, the board has given the green light for a preferential issue of up to 1,27,25,000 equity shares at Rs 10 each. This issuance includes:

81,25,000 shares to be offered to promoter and non-promoter investors for cash consideration
46,00,000 shares to be issued through conversion of existing unsecured loans from promoter and non-promoter groups

The issue price will be determined in accordance with SEBI regulations, and the shares will be subject to a lock-in period as prescribed by SEBI.

Financial Performance

For the quarter ended June 30, 2025, Shree Rajasthan Syntex reported:

Particulars	Q1 FY2026 (Rs in lakhs)
Revenue from operations	341.00
Total Income	344.00
Total Expenses	477.00
Net Loss	133.00

The company's performance shows a challenging quarter with expenses outpacing revenue, resulting in a net loss.

Corporate Governance and Leadership

The board made several key decisions regarding corporate governance:

Reappointment of Mr. Sandeep Kumar Jain and Mrs. Manju Datta as Non-Executive Independent Directors for second terms of 5 years each, effective August 12, 2026, and March 17, 2026, respectively
Appointment of M/s. HM & Associates as Secretarial Auditors for five years from FY 2025-26 to FY 2029-30
Reappointment of M/s. K.G. Goyal & Co. as Cost Auditors for FY 2025-26

Annual General Meeting

The 45th Annual General Meeting of Shree Rajasthan Syntex is scheduled for September 10, 2025, at the company's registered office in Dungarpur, Rajasthan.

These corporate actions and financial results reflect Shree Rajasthan Syntex's efforts to strengthen its capital structure and governance while navigating challenging market conditions in the textile sector.

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