Kiran Syntex Limited Announces Board Reshuffle with Multiple Resignations
Kiran Syntex Limited, a BSE-listed textile company, has announced significant changes to its board and management. Two Non-Executive Independent Directors, Mr. Manojkumar Dhirajbhai Patel and Mr. Dineshkumar Dhirajbhai Patel, have resigned citing pre-occupation with other activities. Additionally, Ms. Daizy Jain, the Company Secretary cum Compliance Officer, has also resigned to pursue career growth. All resignations are effective from November 14, 2025. A board meeting is scheduled for the same date to consider appointing new directors and approve financial results.
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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.
Historical Stock Returns for Kiran Syntex
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.96% | +27.45% | +81.54% | +18.95% | +52.69% | +154.90% |
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