Banswara Syntex Limited , a prominent player in the textile industry, has announced significant changes in its top leadership following a successful postal ballot voting process that concluded on October 29, 2025. The shareholders overwhelmingly approved two special resolutions, reshaping the company's executive structure.

Leadership Transitions

The postal ballot resulted in the following key changes:

1. Ravindrakumar Toshniwal: His designation changed from Managing Director to Vice-Chairman, effective August 7, 2025. This position is now liable to retire by rotation.

2. Shaleen Toshniwal: Promoted from Joint Managing Director to Managing Director, also effective August 7, 2025. This position is not liable to retire by rotation.

Voting Results

The voting process, conducted through remote e-voting facilitated by Central Depository Services (India) Limited (CDSL), saw strong shareholder participation and support. Here's a breakdown of the voting results:

Both resolutions were passed as Special Resolutions, indicating the shareholders' strong endorsement of these leadership changes.

Voting Process Details

• Record Date: September 26, 2025
• Voting Period: September 30, 2025 (9:00 A.M. IST) to October 29, 2025 (5:00 P.M. IST)
• Total Shareholders: 12,584
• Total Votes Polled: 19,180,858 (56.03% of total shares)

Shareholder Category-wise Participation

The high participation rate from the promoter group and the overall positive response from public shareholders underscore the confidence in the company's strategic decisions.

These leadership changes mark a significant moment in Banswara Syntex Limited's corporate journey. As the company moves forward with its new executive structure, stakeholders will be keenly watching how these transitions impact the company's strategic direction and performance in the competitive textile industry landscape.

Banswara Syntex Limited , a leading textile manufacturer, has reported a mixed set of results for the first quarter. The company saw a 12.7% year-on-year increase in total income, reaching INR309.60 crores, driven by strong performance across its business segments, particularly in garments.

Financial Highlights

• Total income: INR309.60 crores (up 12.7% YoY)
• EBITDA: INR21.90 crores (marginal increase)
• Net Loss: INR1.40 crores

Segment Performance

Garment Division

• Revenue: INR75.00 crores (up 42% YoY)
• Capacity utilization: 78% (up 29% YoY)

Fabric Division

• Revenue: INR117.00 crores (up 4% YoY)
• Capacity utilization: 70%
• Sales volume: Approximately 50 lakh meters

Yarn Division

• Revenue: 10% increase YoY
• Sales volume: 51 lakh kgs (up 13% YoY)
• Capacity utilization: 70%

Key Insights

1. Garment Division Leads Growth: The garment segment emerged as the star performer, with a substantial 42% year-on-year revenue growth and improved capacity utilization.

2. Operational Challenges: The company faced temporary labor shortages in the yarn division, leading to reduced capacity utilization and impacting overall profitability.

3. Export Market Dynamics: Banswara Syntex is adapting to changing global trade dynamics, including recent U.S. tariffs. The company's strategy involves leveraging its supply chain flexibility, with nearly 90% of its U.S.-linked business based on fabric routed through tariff-friendly countries.

4. Domestic Market Opportunities: The company sees significant growth potential in the domestic market, particularly in replacing Chinese imports of manmade synthetic fabrics.

5. UK-India Free Trade Agreement: Banswara Syntex anticipates benefits from the recently concluded India-UK free trade agreement, which is expected to boost the competitiveness of Indian textiles in the UK market.

6. Future Outlook: Despite current challenges, the company maintains its targets of INR1,550.00 crores in revenue and 12% EBITDA for the full year. Management expects sequential improvement in the coming quarters.

7. Capex Plans: The company has outlined a capital expenditure plan of INR100.00 crores for the current year, focusing on infrastructure improvements and modernization across its divisions.

Ravindrakumar Toshniwal, Vice Chairman of Banswara Syntex Limited, commented on the results, stating, "Despite facing some headwinds in the first quarter, we remain optimistic about growth across all three of our business verticals. Our focus is on improving capacity utilization and increasing sales, which we believe will help us navigate current challenges and emerge stronger."

The company's management expressed confidence in leveraging its vertically integrated structure and product strengths to capitalize on both domestic and international growth opportunities, particularly in the UK and European markets.

As Banswara Syntex continues to adapt to the evolving textile industry landscape, investors will be watching closely to see if the company can achieve its ambitious targets for the fiscal year and successfully navigate the complex global trade environment.