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

Banswara Syntex Limited's Board has approved the unaudited financial results for the quarter and nine months ended December 31, 2024. Additionally, Mr. Rahul Mehta has been appointed as a Non-Executive Independent Director for a five-year term, subject to shareholder approval. The Board noted the upcoming resignation of Independent Director Mr. David Vlerick, effective February 13, 2025, and the resignation of Chief Internal Auditor Mr. Yugal Kishore Agrawal, effective February 3, 2025. The company is also proposing to exit the SEZ scheme for its Surat facility, aimed at improving capacity utilization to better serve both domestic and international markets. This strategic shift could enhance operational efficiency, positively influencing investor sentiment regarding the company's adaptability.