Banswara Syntex Limited — Others, 29-01-2025: Cessation

Banswara Syntex has approved its financial results for the quarter and nine months ended December 31, 2024, disclosing ongoing performance metrics. The Board appointed Mr. Rahul Mehta as a Non-Executive Independent Director for a five-year term, pending shareholder approval, while Mr. David Vlerick will complete his tenure soon. The company is also transitioning its Surat manufacturing facility from a Special Economic Zone to Domestic Tariff Area status to enhance capacity utilization, catering to both domestic and international markets. The changes are expected to strengthen governance and operational efficiency, contributing to a positive outlook.