Syncom Formulations Files Annual SEBI SAST Disclosure for FY26

2 min read     Updated on 06 Apr 2026, 11:23 PM
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Syncom Formulations (India) Limited filed its annual SEBI (SAST) disclosure for FY26 ended March 31, 2026, with promoters Kedarmal Shankarlal Bankda and Vijay Shankarlal Bankda declaring no new encumbrances on company securities. The regulatory filing was submitted to BSE and NSE on April 6, 2026, covering both promoters and their respective persons acting in concert groups.

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Syncom formulations (India) Limited has filed its annual disclosure under SEBI (SAST) Regulations for the financial year ended March 31, 2026. The WHO-GMP and ISO 9001:2015 certified pharmaceutical company submitted the mandatory yearly disclosure to stock exchanges and its Audit Committee on April 6, 2026.

Regulatory Compliance Filing

The disclosure was filed pursuant to Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Company Secretary and Compliance Officer Vaishali Agrawal submitted the filing to both BSE Limited and National Stock Exchange of India Limited on behalf of the company.

Filing Details: Information
Filing Date: April 6, 2026
Financial Year: Ended March 31, 2026
Regulation: SEBI (SAST) Regulations 31(4)
BSE Code: 524470
NSE Symbol: SYNCOMF

Promoter Declarations

Both promoters of Syncom Formulations have provided individual declarations confirming compliance with SEBI regulations. The declarations were signed on April 3, 2026, from their respective locations.

Kedarmal Shankarlal Bankda Declaration

Kedarmal Shankarlal Bankda, Promoter and Whole-time Director (DIN: 00023050), declared that he and his persons acting in concert have not made any new encumbrances on company securities during FY26. His PAC group includes:

  • Smt. Vimla Bankda (Person Acting in Concert)
  • Shri Ankit Bankda (Person Acting in Concert)
  • Kedarmal Shankarlal Bankda (HUF) (Person Acting in Concert)

Vijay Shankarlal Bankda Declaration

Vijay Shankarlal Bankda, Promoter and Managing Director (DIN: 00023027), submitted a similar declaration covering his extended PAC network of nine entities:

S. No. Name Category
1 Vijay Shankarlal Bankda Promoter
2 Smt. Asha Vijay Bankda Person Acting in Concert
3 Vijay Bankda (HUF) Person Acting in Concert
4 Shri Rahul Vijay Bankda Person Acting in Concert
5 Shri Ankur Vijay Bankda Person Acting in Concert
6 Smt. Payal Ankur Bankda Person Acting in Concert
7 Smt. Sulabh Rahul Bankda Person Acting in Concert
8 M/s Strand Developers Pvt. Ltd. Person Acting in Concert
9 M/s Paradise Vyapaar Pvt. Ltd. Person Acting in Concert

Corporate Information

Syncom Formulations operates from multiple locations with its registered office in Mumbai, corporate office in Indore, and manufacturing facility in Pithampur, Madhya Pradesh. The company maintains its commitment to regulatory compliance through timely submission of required disclosures to market regulators and stakeholders.

Historical Stock Returns for Syncom Formulations

1 Day5 Days1 Month6 Months1 Year5 Years
+7.02%+27.28%+9.34%-19.87%-18.67%+61.85%

Will Syncom Formulations pursue any strategic acquisitions or partnerships in FY27 given their clean compliance record and no new encumbrances?

How might the company's WHO-GMP and ISO certifications position it for potential international market expansion or export opportunities?

Could the involvement of multiple family members and entities in the promoter group signal upcoming succession planning or corporate restructuring?

Syncom Formulations confirms non-applicability of SEBI Large Corporate criteria

1 min read     Updated on 03 Apr 2026, 04:41 PM
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Syncom Formulations (India) Limited confirmed to BSE and NSE on April 3, 2026, that it does not qualify as a "Large Corporate" under SEBI regulations. This classification exempts the WHO-GMP and ISO 9001-2000 certified pharmaceutical company from submitting Annual Disclosure requirements in Annexure B2 for the financial year ended March 31, 2026. The confirmation references multiple SEBI circulars and was digitally signed by Company Secretary Vaishali Agrawal for regulatory compliance and investor transparency.

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Syncom formulations (India) Limited has officially notified BSE and NSE that it does not fall under the category of "Large Corporate" as defined by SEBI regulations. The WHO-GMP and ISO 9001-2000 certified pharmaceutical company submitted this confirmation on April 3, 2026, ensuring compliance with regulatory disclosure requirements.

Regulatory Framework and Compliance

The company's confirmation references multiple SEBI circulars that define Large Corporate criteria. The primary regulation cited is SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, which was subsequently updated on April 13, 2022. Additional regulatory guidance comes from SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, along with BSE Notice No. 20220427-2 dated April 27, 2022.

Regulatory Reference: Details
Primary SEBI Circular: SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021
Update Date: April 13, 2022
Additional Circular: SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023
BSE Notice: 20220427-2 dated April 27, 2022
Financial Year: Ended March 31, 2026

Exemption from Annual Disclosure Requirements

By confirming its non-Large Corporate status, Syncom Formulations is exempt from submitting the Annual Disclosure in Annexure B2 for the financial year ended March 31, 2026. This exemption reduces the company's regulatory compliance burden while maintaining transparency with investors and stakeholders.

Corporate Communication and Filing

The confirmation was digitally signed by Vaishali Agrawal, Company Secretary and Compliance Officer, on April 3, 2026. The document was filed online through the official portals of both stock exchanges - www.listing.bseindia.com for BSE and the NEAPS portal for NSE. The company has requested both exchanges to disseminate this information on their websites for investor awareness.

Company Profile

Syncom Formulations operates as a WHO-GMP and ISO 9001-2000 certified pharmaceutical company with CIN No. L24239MH1988PLC047759. The company maintains multiple operational locations including its registered office in Mumbai, manufacturing works in Pithampur, Madhya Pradesh, and corporate office in Indore. The company trades on BSE under code 524470 and on NSE under the symbol SYNCOMF.

Historical Stock Returns for Syncom Formulations

1 Day5 Days1 Month6 Months1 Year5 Years
+7.02%+27.28%+9.34%-19.87%-18.67%+61.85%

What are the specific financial thresholds that determine Large Corporate status, and how close is Syncom to potentially crossing them in future years?

How might this non-Large Corporate status impact Syncom's ability to raise capital or attract institutional investors compared to larger pharmaceutical peers?

Will Syncom's reduced compliance burden translate into cost savings that could improve profitability or fund R&D investments?

More News on Syncom Formulations

1 Year Returns:-18.67%