Kiran Syntex Limited Announces Board Changes, Quarterly Results, and Business Diversification Plans

Kiran Syntex Limited , a textile company based in Surat, has announced significant changes to its board composition, along with its unaudited financial results for the quarter ended September 30, 2025. The company has also revealed plans for business diversification and corporate restructuring.

Board Changes and Management Restructuring

The company's board of directors has undergone substantial changes:

Appointment of two new independent directors: Mr. Rakesh Rameshchandra Modi and Mr. Jitendra Dineshchandra Dina, effective November 14, 2025, for a term of five years, subject to shareholder approval.
Resignation of two existing independent directors: Mr. Manojkumar Dhirajbhai Patel and Mr. Dineshkumar Dhirajbhai Patel, effective November 14, 2025.
Resignation of Ms. Daizy Jain from the position of Company Secretary cum Compliance Officer, effective November 14, 2025.

Following these changes, the company has reconstituted its Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.

Financial Results

Kiran Syntex Limited has reported its unaudited financial results for the quarter and half-year ended September 30, 2025. Key highlights include:

Particulars (in Rs. Lacs)	Q2 FY2026	Q2 FY2025	H1 FY2026	H1 FY2025
Revenue from operations	0.00	626.13	0.00	621.73
Total Expenses	389.40	629.57	393.40	618.05
Profit/(Loss) before Tax	(389.40)	(3.44)	(393.40)	3.68
Profit/(Loss) after Tax	(389.40)	(3.44)	(393.40)	3.68

The company reported no revenue from operations for the current quarter and half-year, compared to the previous year's corresponding periods. This has resulted in a significant loss for the current financial period.

Business Diversification and Corporate Restructuring

In a strategic move, Kiran Syntex Limited has announced plans for business diversification. The board has recommended resolutions for:

Alteration of the company's main business objects
Adoption of a new set of Memorandum of Association (MOA)
Adoption of a new set of Articles of Association (AOA)

These resolutions aim to align the company's constitutional documents with the provisions of the Companies Act, 2013, and to facilitate the proposed business diversification. The changes are subject to shareholder approval at the upcoming Extraordinary General Meeting (EGM) scheduled for December 22, 2025.

Extraordinary General Meeting and E-Voting

The company has announced an EGM to be held on December 22, 2025, at 11:00 A.M. at the company's registered office. Key dates for shareholders:

Record Date: December 15, 2025
Book Closure: December 16-22, 2025 (both days inclusive)
E-voting Period: December 19-21, 2025

Shri Kunjal Dalal of M/s. K. Dalal & Co., Practicing Company Secretary, has been appointed as the scrutinizer for the e-voting process.

These developments indicate that Kiran Syntex Limited is undergoing significant changes in its governance structure and business strategy. Shareholders and potential investors should closely monitor the outcomes of the upcoming EGM and the impact of these changes on the company's future performance.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+5.00%	+21.49%	+22.33%	-13.70%	+7.56%	+80.00%

Kiran Syntex Limited, a textile company listed on the Bombay Stock Exchange (BSE), has announced significant changes to its board composition, including the resignation of two Non-Executive Independent Directors and the Company Secretary.

Board Resignations

The company disclosed that Mr. Manojkumar Dhirajbhai Patel (DIN: 05294851) and Mr. Dineshkumar Dhirajbhai Patel (DIN: 05294840) have tendered their resignations as Non-Executive Independent Directors. Both directors cited pre-occupation with other activities as the reason for their departure. Their resignations will be effective from November 14, 2025.

Key Details of Director Resignations

Aspect	Details
Effective Date	November 14, 2025
Reason for Resignation	Pre-occupation with other activities
Impact on Board Committees	Both directors will cease to be members of all board committees
Other Directorships	Neither director holds directorship in any other listed company
Committee Memberships	Not members of any committee in other listed companies

Both resigning directors have confirmed that there are no material reasons for their resignation other than those stated.

Additional Management Changes

In addition to the board changes, Ms. Daizy Jain, the Company Secretary cum Compliance Officer, has also submitted her resignation. Ms. Jain's departure is attributed to her desire to seek more opportunities, growth, and career advancement. Her last day with the company will also be November 14, 2025.

Upcoming Board Meeting

Kiran Syntex Limited has scheduled a board meeting for November 14, 2025, to address these changes and other matters. The agenda includes:

Consideration of appointing Mr. Jitendra Dineshchandra Dina as an Additional Non-Executive Independent Director
Consideration of appointing Mr. Rakesh Rameshchandra Modi as an Additional Non-Executive Independent Director
Formal acknowledgment of the resignations
Review and approval of unaudited financial results for the period ended September 30, 2025

Company's Response

Maheshkumar Motiram Godiwala, the Managing Director of Kiran Syntex Limited, has officially communicated these changes to the BSE, in compliance with SEBI (LODR) Regulations, 2015.

These developments signify a period of transition for Kiran Syntex Limited's leadership structure. Shareholders and market observers will likely be watching closely to see how these changes may impact the company's governance and future direction.