Banswara Syntex Board Approves FY2026 Results, Recommends Final Dividend and Major Board Changes

Banswara Syntex Board Approves FY2026 Results, Recommends Final Dividend and Major Board Changes​

Banswara Syntex Limited announced significant outcomes from its Board of Directors meeting held on May 19, 2026. The Board approved the audited Standalone and Consolidated Financial Results for the fourth quarter and the full financial year ended March 31, 2026.

In a key financial decision, the Board recommended a Final Dividend of Rs. 1/- per equity share of Rs. 5/- each for the fiscal year ended March 31, 2026, subject to approval at the ensuing Annual General Meeting.

The company also provided a comprehensive update on its governance structure, including the re-appointment of key directors, the induction of a new independent director, and changes in its statutory auditors and registrars.

Financial Highlights and Annual Results​

The Board approved the audited Standalone and Consolidated Financial Results for the year ended March 31, 2026, along with the Statement of Assets and Liabilities and the Cash Flow Statement.

The financial results, presented in lakhs (except per share data), reveal the following key figures for the quarter and year:


The audited Standalone Statement of Assets and Liabilities as of March 31, 2026, reports Total Assets at 1,26,813.26 lakhs, compared to 1,19,546.56 lakhs the previous year. Total Equity and Liabilities stand at 1,27,219.79 lakhs.

The cash flow details provide an overview of the company’s liquidity. In the fiscal year ended March 31, 2026, the Net cash from operating activities was 12,082.20 lakhs, while the net cash used in investing activities was (9,852.85) lakhs, resulting in a net decrease in cash and cash equivalents of (314.03) lakhs for the period.

Board and Governance Changes​

The Board of Directors also addressed several governance matters during the meeting:

Director Re-appointments:
The Board approved the re-appointment of three key executive directors for a period of three years, effective from January 1, 2027, to December 31, 2029:

• Mr. Rakesh Mehra (DIN: 00467321) as Chairman and Whole-Time Director.
• Mr. Ravindrakumar Toshniwal (DIN: 00106789) as Vice-Chairman and Whole-Time Director.
• Mr. Shaleen Toshniwal (DIN: 00246432) as Managing Director.

New Independent Director:
Mr. Udeypaul Singh Gill (DIN: 00004340) was appointed as an Additional Director in the category of Non-Executive Independent Director. His term is set for five consecutive years, from May 20, 2026, to May 19, 2031.

Auditor and Auditor Changes:
The Board also approved the re-appointment of external auditors:

• M/s. Ankit Maheshwari & Associates (FRN: 015518C) were re-appointed as Chief Internal Auditor for the Financial Year (FY) 2026-27.
• M/s. K.G. Goyal & Company (FRN: 000017) were re-appointed as Cost Auditor for FY 2026-27, subject to ratification of remuneration by the shareholders.

Registrar/RTA Change:
The company approved a proposal to change its Registrar to an Issue and Share Transfer Agent (RTA) from M/s. Computech Sharecap Limited to M/s. Bigshare Services Private Limited (SEBI Registration No: INR000001385).

Key Personnel Resignation:
Mr. Ketan Kumar Dave resigned from the position of Company Secretary Cum Compliance Officer and Key Managerial Personnel (KMP), effective May 19, 2026.

Operational Updates:
The company also approved the proposal for the change in Registrar to an Issue and Share Transfer Agent (RTA) and the re-appointment of the aforementioned statutory auditors.

BANSWRAS Stock Price Movement​

On Tuesday, Banswara Syntex Limited shares edged higher, closing at ₹120.47, marking a gain of 3.07%. The stock traded on 15,789 shares, finding support near ₹117.65 and hitting a high of ₹122.53 during the session.