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

Banswara Syntex Limited's Board has approved its unaudited financial results for the quarter and nine months ending December 31, 2024. The company appointed Mr. Rahul Mehta as a Non-Executive Independent Director for a five-year term, effective January 29, 2025, subject to shareholder approval. Additionally, Mr. David Vlerick will complete his term as an Independent Director on February 13, 2025. The resignation of Mr. Yugal Kishore Agrawal as Chief Internal Auditor was also noted. The company plans to exit the SEZ scheme in Surat to optimize capacity and better serve both domestic and international markets. This strategic shift may enhance operational efficiency, offering potential growth opportunities. Overall, this news presents a positive outlook for investors.