AYM Syntex Limited, a leading player in the synthetic yarn industry, has announced the appointment of Mr. James Robert McCallum as an Additional Director in the capacity of Non-Executive and Independent Director. The appointment, effective from July 26, 2025, is for a five-year term ending on July 25, 2030, subject to shareholder approval at the upcoming Annual General Meeting.

Extensive Industry Experience

Mr. McCallum brings over four decades of experience in the textile and flooring industry to AYM Syntex's board. A graduate of Leeds Metropolitan University with a BA (Hons.) in Business, he has held several senior leadership positions throughout his career. His impressive resume includes roles such as:

• Director of Operations for the European Denim division at Burlington Industries
• President of Lees Carpets
• President of The Mohawk Group
• President of Milliken Floor Covering

Industry Leadership

In addition to his corporate roles, Mr. McCallum has demonstrated significant industry leadership. He served for 23 years on the management committee and board of the Carpet and Rug Institute, including tenures as Vice Chairman and Chairman of the Board.

Appointment Details

The Board of Directors of AYM Syntex Limited approved Mr. McCallum's appointment based on the recommendation of the Nomination and Remuneration Committee. Key points of the appointment include:

• Term: Five years from July 26, 2025, to July 25, 2030
• Position: Non-Executive and Independent Director
• Not liable to retire by rotation
• Subject to shareholder approval at the 42nd Annual General Meeting

Compliance and Disclosure

AYM Syntex has confirmed that Mr. McCallum is not related to any other Director of the Company. Furthermore, he is not debarred from holding the office of director by any regulatory authority, including SEBI.

Company Performance

The appointment comes as AYM Syntex reported its financial results for the quarter ended June 30. The company's consolidated revenue from operations stood at ₹32,648.00 lakhs for the quarter. However, the company reported a loss of ₹356.00 lakhs for the period, compared to a profit of ₹227.00 lakhs in the same quarter of the previous year.

The appointment of Mr. McCallum, with his extensive industry experience, may be seen as a strategic move by AYM Syntex to strengthen its board and navigate the challenges in the synthetic yarn market.

AYM Syntex Limited , a leading synthetic yarn manufacturer, has announced its financial results for the first quarter of fiscal year 2026, revealing a challenging period for the company. The firm also made a significant addition to its board with the appointment of a new independent director.

Financial Performance

For the quarter ended June 30, 2025, AYM Syntex reported:

The company experienced a decline in revenue from operations, which stood at ₹326.48 crore for Q1 FY26, down 5.97% compared to ₹347.19 crore in the same quarter last year. This represents a sequential decrease of 9.47% from the previous quarter's revenue of ₹360.62 crore.

AYM Syntex reported a net loss of ₹3.55 crore for the quarter, a significant downturn from the profit of ₹2.27 crore in Q1 FY25 and ₹2.03 crore in Q4 FY25. Consequently, the earnings per share (EPS) for the quarter was negative at ₹(0.61), compared to positive figures in both the previous quarter and the corresponding quarter of the last fiscal year.

Board Appointment

In a strategic move to strengthen its leadership, AYM Syntex's Board of Directors has appointed Mr. James Robert McCallum as an Additional Director in the capacity of Non-Executive and Independent Director. The appointment, effective from July 26, 2025, is for a five-year term until July 25, 2030, subject to shareholder approval at the upcoming 42nd Annual General Meeting.

Mr. McCallum brings over four decades of experience in the textile and flooring industry to AYM Syntex. A graduate of Leeds Metropolitan University, he has held senior positions at renowned companies such as Burlington Industries, Interface Inc., and Milliken. His extensive background includes roles as President of Lees Carpets, President of The Mohawk Group, and President of Milliken Floor Covering.

Corporate Governance

The company has confirmed that Mr. McCallum has not been debarred from holding the office of Director by any order from SEBI or other authorities, ensuring compliance with regulatory requirements.

AYM Syntex's Board meeting, which approved these results and the new appointment, commenced at 1:00 p.m. and concluded at 3:40 p.m. on July 26, 2025.

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors. Price Waterhouse Chartered Accountants LLP conducted a limited review of the financial statements, finding no material misstatements.

As AYM Syntex navigates through these challenging financial times, the addition of Mr. McCallum to the board may bring fresh perspectives and industry insights to help steer the company towards improved performance in the coming quarters.