Banswara Syntex Reports Q2 Results; Announces Major Renewable Energy Acquisition and Key Appointment
Banswara Syntex Limited released its financial outcomes for the quarter ended June 30, 2026, which included both standalone and consolidated results. The company also confirmed a significant strategic move through an acquisition of a renewable energy entity and announced the appointment of Ms. Monika Bohara as Company Secretary cum Compliance Officer (KMP).The Board of Directors held a meeting on July 31, 2026, where they approved these results and transactional details.
Financial Performance Summary
Banswara Syntex recorded its quarterly financial results across both standalone and consolidated entities. The company reported total revenue from operations in the range of 31,578.98 Lakhs (standalone) to 31,582.73 Lakhs (consolidated).The following table presents a comparison of key performance indicators for the quarter ended June 30, 2026, across different metrics and periods:
| Metric | Unaudited Qtr Ended Jun 30, 2026 (Standalone) | Quarter Ended Audited Mar 31, 2026 | Unaudited Qtr Ended Jun 30, 2025 | Year Ended Audited Mar 31, 2026 |
|---|---|---|---|---|
| Total Income from Operations | 31,578.98 Lakhs | 36,575.27 Lakhs | 30,581.04 Lakhs | 1,35,578.44 Lakhs |
| Net Profit before Tax | 59,021 Lakhs | 134,255 Lakhs | (186.43) Lakhs | 3,895.85 Lakhs |
| Profit after Tax | 440.75 Lakhs | 959.78 Lakhs | (141.32) Lakhs | 2,840.20 Lakhs |
| Total Comprehensive Income for the Period | 440.75 Lakhs | (226.82) Lakhs | (141.32) Lakhs | 2,613.38 Lakhs |
Strategic Acquisition of Renewable Power Asset
The company approved the execution of a Power Consumption Agreement and a Share Purchase and Shareholders' Agreement with CGE II Hybrid Energy Private Limited and Continuum Green Energy Limited.These agreements are aimed at enhancing the source of renewable power supply for Banswara Syntex’s plants located in Thikariya and Dahod Road, Banswara, Rajasthan. The acquisition involves purchasing 82,82,576 Equity shares of CGE II Hybrid Energy Private Limited (which holds a Paid Up Share Capital of Rs. 349 Crore and a Turnover of Rs. 65.57 Crore as on March 31, 2026).
The total cost of acquisition was Rs. 8,28,25,760 for approximately 1.68% equity shareholding in the renewable energy entity. The transaction is expected to be completed on or before August 15, 2026.
Appointment of Key Managerial Personnel (KMP)
The Board of Directors also approved the appointment of Ms. Monika Bohara as Company Secretary cum Compliance Officer (Key Managerial Personnel) of Banswara Syntex Limited. The appointment is effective from August 3, 2026.Ms. Bohara is a qualified Company Secretary and an Associate Member of the Institute of Company Secretaries of India (ICSI). She has over six years of professional experience and holds a Bachelor of Commerce degree and a Bachelor of Laws (LL.B.) degree from Dr. Bhimrao Ambedkar Law University, Jaipur.
BANSWRAS Stock Price Movement
As of 12:57 PM, shares of Banswara Syntex Limited are edging higher to ₹128.6 as the stock posts a solid gain of 1.58%. The equity sees significant current trading interest, with 58,465 shares changing hands in the live market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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