Kiran Syntex Limited EGM Approves Independent Directors and Corporate Restructuring

Kiran Syntex Limited , a textile company based in Surat, has successfully concluded its Extraordinary General Meeting (EGM) held on December 22, 2025. The company announced that all proposed resolutions were passed by the shareholders, marking a significant milestone in its corporate restructuring and business diversification plans.

EGM Outcomes and Resolutions Passed

The EGM, which commenced at 11:00 AM and concluded at 1:00 PM on December 22, 2025, saw shareholders approve all five key resolutions. The company filed the official outcome with BSE Limited under Regulation 30, confirming the successful passage of all agenda items.

Resolution:	Status
Appointment of Mr. Rakesh Rameshchandra Modi as Independent Director	PASSED
Appointment of Mr. Jitendra Dineshchandra Dina as Independent Director	PASSED
Adoption of New Memorandum of Association	PASSED
Adoption of New Articles of Association	PASSED
Alteration in Main Business Objects	PASSED

Board Strengthening with New Independent Directors

The shareholders have formally approved the appointment of two new independent directors, both effective from November 14, 2025, for a five-year term. The company has officially intimated BSE Limited about these appointments under Regulation 30, confirming the strengthening of its governance structure with experienced professionals.

Director Details:	Mr. Rakesh Rameshchandra Modi	Mr. Jitendra Dineshchandra Dina
DIN:	11358988	02284690
Experience:	20 years in Administration and Management	20 years in Business Strategy and Administration
Qualification:	Registered with Independent Directors databank	Commerce Graduate, Registered with Independent Directors databank
Term:	Five years from November 14, 2025	Five years from November 14, 2025
Position:	Non-Executive Independent Director	Non-Executive Independent Director

Corporate Restructuring and Compliance Updates

The approval of new Memorandum of Association (MOA) and Articles of Association (AOA) represents a crucial step in aligning the company's constitutional documents with the provisions of the Companies Act, 2013. The existing MOA and AOA were previously aligned with the erstwhile Companies Act, 1956, necessitating this update for regulatory compliance.

Business Diversification Strategy

Shareholders have endorsed the company's strategic decision to diversify its business activities by entering various new business sectors as outlined in the altered Memorandum of Association. The company clarified that these new business ventures will be in addition to existing business activities, indicating an expansion rather than a replacement of current operations. This diversification strategy aims to explore new growth opportunities beyond the company's traditional textile business operations.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.00%	+12.09%	+32.37%	+98.40%	+112.76%	+254.60%

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.