Banswara Syntex Reports Q2 Results; Approves Strategic Acquisitions and Appoints New Compliance Officer

Banswara Syntex Reports Q2 Results; Approves Strategic Acquisitions and Appoints New Compliance Officer​

Banswara Syntex Limited announced significant developments following its Board meeting held on July 31, 2026. The company approved its unaudited financial results for the quarter ended June 30, 2026, alongside strategic moves including the acquisition of a minority stake in a renewable energy entity and the appointment of Ms. Monika Bohara as Company Secretary cum Compliance Officer (KMP).

The Board meeting reviewed the operational performance and approved several key agreements designed to enhance the company's power sourcing and investment portfolio.

Financial Performance Highlights for Q2 FY2026​

Banswara Syntex reported varying performance across its standalone and consolidated segments in the quarter ending June 30, 2026.

The unaudited standalone financial results showed total income from operations at Rs 31,578.98 Lakhs, with a profit after tax standing at Rs 440.75 Lakhs. Total comprehensive income for the period was also recorded as Rs 440.75 Lakhs.


In the consolidated financial results, total income from operations stood at Rs 31,582.73 Lakhs. The company reported a profit after tax of Rs 610.67 Lakhs, while the total comprehensive income for the quarter was recorded as Rs 461.21 Lakhs.

Strategic Investments and Agreements Approved​

The Board approved the execution of several strategic agreements aimed at bolstering Banswara Syntex’s energy infrastructure. This includes a Power Consumption Agreement with CGE I1 Hybrid Energy Private Limited.

Additionally, the company approved an investment in renewable power capacity. The acquisition involves purchasing approximately 1.68% equity shares of CGE II Hybrid Energy Private Limited from Continuum Green Energy Limited.

Details regarding the acquisition are as follows:

• Target Entity: CGE II Hybrid Energy Private Limited.
• Acquisition Cost: Rs 8,28,25,760 (Rupees Eight Crore Twenty-Eight Lakh Twenty-Five Thousand Seven Hundred Sixty only).
• Industry: Independent Power Producer.
• Purpose: The purchase of renewable power ('Wind Solar Hybrid Project') is intended to enhance the source of renewable power supply by 8.70 MW for plants located in Banswara, Rajasthan.
• Timeline: The transaction is expected to be completed on or before August 15, 2026.

Appointment of Chief Compliance Officer​

The Board approved the appointment of Ms. Monika Bohara as Company Secretary cum Compliance Officer (Key Managerial Personnel). This 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), bringing over six years of professional experience to the role. She holds a Bachelor of Commerce degree from the University of Rajasthan and a Bachelor of Laws (LL.B.) from Dr. Bhimrao Ambedkar Law University, Jaipur.

The company also confirmed that the trading window for directors and key managerial personnel will be open starting August 3, 2026.

BANSWRAS Stock Price Movement​

Shares of Banswara Syntex Limited are shedding value in live trading as of 1:39 PM, dropping 2.94% to reach ₹122.88. The equity has seen high volatility with 90,542 shares traded during the session, having touched a day low of ₹122.51 compared to the previous close at ₹126.60.