Banswara Syntex Ltd, a prominent player in the textile industry, has announced significant changes to its top leadership, effective August 7, 2025. The company's board of directors approved these changes during a meeting held on August 6, 2025, at their corporate office in Mumbai.

Leadership Transition

Ravindrakumar Toshniwal, who has been serving as the Managing Director, will transition to the role of Vice-Chairman. Simultaneously, Shaleen Toshniwal will be promoted from his current position as Joint Managing Director to take on the role of Managing Director.

Terms and Conditions

The board has stipulated that Ravindrakumar Toshniwal's new position as Vice-Chairman will be subject to retirement by rotation. Conversely, Shaleen Toshniwal's appointment as Managing Director will not be liable to retirement by rotation.

Importantly, both executives will retain their existing terms and remuneration until December 31, 2026, as previously approved by shareholders at the Annual General Meetings held on August 5, 2023, and August 6, 2024.

Executive Profiles

Ravindrakumar Toshniwal

• Age: 62
• Education: B.Tech in Chemical Engineering from IIT Mumbai, OPM course at Harvard University, USA
• Experience: 37 years in the textile industry
• Role: Overseeing overall company activities

Shaleen Toshniwal

• Age: 48
• Education: Business management graduate from Bentley College, USA
• Experience: 21 years in the textile industry
• Role: Managing readymade garments business, thermal power operations, and HR strategy

Shareholder Approval and Disclosure

The company will seek shareholder approval for these designation changes through a postal ballot. A notice will be sent to shareholders in due course and filed with the stock exchanges.

Banswara Syntex has also confirmed that neither Ravindrakumar Toshniwal nor Shaleen Toshniwal has been debarred from holding the office of Director by any SEBI order or other authority.

Financial Results and Trading Window

In the same board meeting, the company approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. These results will be made available to shareholders along with the Limited Review Report from the company's statutory auditors.

Following these announcements, the trading window for the company's shares will reopen on August 9, 2025, for directors, key management personnel, designated persons, and their relatives, in compliance with SEBI regulations.

These leadership changes mark a new chapter for Banswara Syntex Ltd as it continues to navigate the dynamic textile industry landscape. The transition aims to leverage the extensive experience of both Ravindrakumar and Shaleen Toshniwal to drive the company's future growth and strategic initiatives.

Banswara Syntex Ltd , a prominent player in the textile industry, has released its fourth-quarter financial results, showcasing a mixed performance with improvements in some areas and declines in others. The company has also declared a dividend for its shareholders.

Q4 Financial Highlights

• EBITDA Growth: Banswara Syntex reported a significant increase in its Q4 EBITDA, which rose to ₹254.00 million from ₹220.00 million in the same period last year. This represents a year-over-year growth of approximately 15.45%.

• Improved EBITDA Margin: The company's EBITDA margin showed notable improvement, increasing to 7.48% from 6.42% in the previous year, indicating enhanced operational efficiency.

• Revenue Stability: Q4 revenue remained relatively stable at ₹3.40 billion, matching the figure from the same quarter in the previous year.

• Net Profit Decline: Despite improvements in EBITDA, the company's net profit for Q4 decreased to ₹59.00 million, down from ₹85.00 million year-over-year and ₹101.00 million quarter-on-quarter.

Dividend Announcement

In a move that may please shareholders, Banswara Syntex has recommended a dividend of ₹1.00 per equity share. This decision reflects the company's commitment to returning value to its investors despite the challenges faced in the current economic environment.

Performance Analysis

The financial results present a nuanced picture of Banswara Syntex's performance:

1. The improvement in EBITDA and EBITDA margin suggests that the company has been successful in managing its operational costs and improving efficiency.
2. The stable revenue indicates that the company has maintained its market position, despite potential challenges in the textile sector.
3. The decline in net profit, however, points to increased pressures on the bottom line, possibly due to factors such as higher interest costs, depreciation, or tax expenses.

Looking Ahead

As Banswara Syntex navigates through the dynamic textile market, investors and industry observers will be keen to see how the company addresses the challenges affecting its net profit while building on its operational improvements. The stable revenue base and improved EBITDA provide a foundation for potential growth, but managing profitability will likely be a key focus for the company in the coming quarters.

The dividend announcement, while modest, demonstrates the company's confidence in its financial position and its commitment to shareholder returns. As the textile industry continues to evolve, Banswara Syntex's ability to innovate, manage costs, and capitalize on market opportunities will be crucial for its future performance.