StockWatch
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Other Textile Products
AGM/EGM30 Jul 2026, 10:00 pm

Banswara Syntex Re-appoints Chairman, MD, and Directors

AI Summary

Banswara Syntex Ltd announced the re-appointment of key management personnel and directors following its 50th Annual General Meeting held on July 30, 2026. Mr. Rakesh Mehra has been re-appointed as Chairman and Whole-Time Director, Mr. Ravindrakumar Toshniwal as Vice-Chairman and Whole-Time Director, and Mr. Shaleen Toshniwal as Managing Director. All three will serve for a period of 3 years, from January 1, 2027, to December 31, 2029. Additionally, Mr. Udeypaul Singh Gill has been appointed as a Non-Executive Independent Director for an initial term of 5 years, from May 20, 2026, to May 19, 2031. These re-appointments and appointments were approved by shareholders with the requisite majority.

Key Highlights

  • Key management and directors re-appointed for fixed terms.
  • Chairman, Vice-Chairman, and MD terms extended by 3 years.
  • Independent Director appointed for a 5-year term.
  • Shareholder approval secured at the 50th AGM.
  • Appointments effective from January 1, 2027, and May 20, 2026.