AYM Syntex Limited Appoints Vineet Adlakha as President & Unit Head (Palghar)

AYM Syntex Limited has announced a key senior management appointment, naming Mr. Vineet Adlakha as President & Unit Head (Palghar) effective January 5, 2026. The company disclosed this appointment to stock exchanges under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The appointment was formally communicated to both BSE Limited and National Stock Exchange of India Limited on January 5, 2026. Company Secretary and Compliance Officer Kaushal Patvi signed the disclosure documents, ensuring compliance with SEBI Master Circular requirements.

Parameter:	Details
Position:	President & Unit Head (Palghar)
Effective Date:	January 5, 2026
Classification:	Senior Management Personnel
Regulatory Compliance:	SEBI Listing Regulations

Professional Background

Mr. Vineet Adlakha brings substantial industry expertise to his new role, with over 30 years of experience in the textile sector. He holds a B.Tech degree from the Technological Institute of Textile and Sciences, Bhiwani, providing him with strong technical foundations for his leadership position.

Throughout his career, Adlakha has worked with several prominent textile organizations, demonstrating his versatility and deep industry knowledge:

Paliwal Group
Alps Group
Riviera Group
Winsome Textiles
Nahar
Mahaluxmi Processing House Ludhiana
Reliance Spinning Mills
Vardhaman Group

Expertise and Contributions

Adlakha's three-decade career has been focused primarily on textile processing, where he has progressed to leadership positions including heading dye house operations. His professional experience encompasses various critical aspects of textile manufacturing and processing.

Area of Expertise:	Key Contributions
Process Optimization:	Reducing process cycle time and controlling extra process time
Operational Excellence:	Increasing utilization and achieving production targets
Business Growth:	Driving substantial growth and brand expansion
Product Development:	New segment development and business model innovation

Strategic Importance

The appointment of Adlakha as President & Unit Head for the Palghar operations represents AYM Syntex's commitment to strengthening its operational leadership. His extensive background in textile processing and proven track record in achieving production targets and business performance improvements align with the company's operational objectives.

Adlakha's experience in brand expansion and developing new business segments could prove valuable as AYM Syntex continues to evolve its market position. His leadership contributions in previous roles, particularly in process optimization and operational efficiency, are expected to benefit the Palghar unit's performance.

The appointment reflects the company's focus on bringing experienced industry professionals into key management positions, ensuring operational excellence and strategic growth in its textile operations.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.84%	-12.19%	+2.05%	-33.01%	-36.74%	+268.23%

AYM Syntex Limited , a leading player in the manmade fibers industry, has submitted its monitoring agency report for the quarter ended September 30, 2025, regarding its preferential issue of Rs 141.76 crore. The report, prepared by Care Ratings Limited, the appointed monitoring agency, indicates no deviation from the stated objectives of the fund utilization.

Key Highlights

Total Issue Size: Rs 141.76 crore
Monitoring Period: Quarter ended September 30, 2025
Monitoring Agency: Care Ratings Limited

Fund Utilization

AYM Syntex has reported the following progress in fund utilization:

Objective	Amount Proposed (Rs Crore)	Amount Utilized (Rs Crore)	Unutilized Amount (Rs Crore)
Repayment of Debt	24.00	24.00	0.00
Reduction in Working Capital Borrowings	25.00	25.00	0.00
General Corporate Purposes	33.76	33.76	0.00
Capital Expenditure	59.00	54.57	4.43
Total	141.76	137.33	4.43

Capital Expenditure Progress

During the quarter ended September 30, 2025, AYM Syntex incurred capital expenditure totaling Rs 21.05 crore. The company has utilized Rs 54.57 crore out of the allocated Rs 59.00 crore for capital expenditure purposes.

Future Plans

AYM Syntex has outlined plans for capacity expansion of its IDY (Industrial Drawn Yarn) and BCF (Bulk Continuous Filament) capacities in FY26. The total cost of this expansion is estimated at Rs 100 crore, which will be funded through:

Rs 59 crore raised through the preferential issue
The balance through loans

The company expects the capacity expansion project to be completed within 1-1.5 years.

Unutilized Funds

The remaining unutilized funds of Rs 4.43 crore are currently parked in Cash Credit accounts maintained with various banks, including State Bank of India, Bank of Baroda, and Indian Bank.

Compliance and Transparency

The monitoring agency report confirms that all utilizations are in line with the disclosures made in the offer document. No material deviations or changes in the means of finance for the disclosed objects have been reported.

AYM Syntex's adherence to the fund utilization plan as outlined in its preferential issue document demonstrates the company's commitment to transparency and efficient capital allocation. The ongoing capital expenditure and capacity expansion plans suggest that the company is focusing on growth and strengthening its position in the manmade fibers market.