Banswara Syntex Ltd

Integrated Filing — Corporate Governance (NSE XBRL)

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Filing Summary

Company
Banswara Syntex Limited
Symbol
BANSWRAS
Quarter Ended
31-Mar-2026
Submission
New

General Disclosures

Advertisements As Per Regulation471
Yes
Annual Return As Provided Under Section92Of The Companies Act2013
Yes
Approval For Material Related Party Transactions
Not Applicable
Approval Of The Board And Shareholders For Compensation Or Profit Sharing
Not Applicable
Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls
Yes
Board Composition
Yes
Code Of Conduct
Yes
Compliance Certificate
Yes
Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation
Yes
Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46
Yes
Credit Rating Or Revision In Credit Rating Obtained
Yes
Date Of End Of Financial Year
31-Mar-2026
Date Of End Of Reporting Period
31-Mar-2026
Date Of Signing
30-Apr-2026
Date Of Start Of Financial Year
01-Apr-2025
Designation Of Person
Company Secretary and Compliance Officer
Designation Of Person Affirmations
Company Secretary and Compliance Officer
Designation Of Person For Annual Affirmations
Company Secretary and Compliance Officer
Designation Of Person For Quartely Affirmations
Company Secretary and Compliance Officer
Details Of Agreements Entered Into With The Media Companies And Or Their Associates
Not Applicable
Details Of Business
Yes
Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy
Yes
Disclosure Of Contact Details Of KMP Who Are Authorized For The Purpose Of Determining Materiality Under Sub Regulation5Of Regulation30
Yes
Disclosure Of Related Party Transactions On Consolidated Basis
Yes
Disclosure Web Link Of Annual Return As Provided Under Section92Of The Companies Act2013Is Placed
https://www.banswarasyntex.com/wp-content/uploads/2025/06/Form_MGT7_202425.pdf
Disclosure Web Link Of Audio Or Video Recordings And Transcripts Of Post Earinings Or Quarterly Calls Is Placed
https://www.banswarasyntex.com/transcript-of-earning-conference-call/
Disclosure Web Link Of Company At Advertisements As Per Regulation471Is Placed
https://www.banswarasyntex.com/notices-advertisement/
Disclosure Web Link Of Company At Materiality Policy As Per Sub Regulation4Regulation30Is Placed
https://www.banswarasyntex.com/wp-content/uploads/2025/04/policy_detm_materiality_2025.pdf
Disclosure Web Link Of Company At Separate Audited Financial Statements Of Each Subsidiary Of The Listed Entity Is Placed
https://www.banswarasyntex.com/financial-results/
Disclosure Web Link Of Company At Which Credit Rating Or Revision In Credit Rating Obtained Is Placed
https://www.banswarasyntex.com/wp-content/uploads/2026/01/Credit_Rating_2026.pdf
Disclosure Web Link Of Company At Which Details Of Business Is Placed
https://www.banswarasyntex.com/
Disclosure Web Link Of Company At Which Details Of Establishment Of Vigil Mechanism Or Whistle Blower Policy Is Placed
https://www.banswarasyntex.com/cg/
Disclosure Web Link Of Company At Which Financial Results Is Placed
https://www.banswarasyntex.com/financial-results/
Disclosure Web Link Of Company At Which Policy For Determining Material Subsidiaries Is Placed
https://www.banswarasyntex.com/wp-content/uploads/2025/05/MAT_SUB_POLICY_MAY25.pdf
Disclosure Web Link Of Company At Which Policy On Dealing With Related Party Transactions Is Placed
https://www.banswarasyntex.com/wp-content/uploads/2025/04/REL_PTY_TRN_POLICY_FINAL.pdf
Disclosure Web Link Of Company At Which Shareholding Pattern Is Placed
https://www.banswarasyntex.com/investors/
Disclosure Web Link Of Compliance With Sub Regulation3Of Regulation46With Respect To Accuracy Of Disclosures On The Website And Timely Updation Is Placed
https://www.banswarasyntex.com/
Disclosure Web Link Of Confirmation That The Disclosures Are In A Separate Section As Specified In Sub Regulation2Of Regulation46Is Placed
https://www.banswarasyntex.com/investors/#
Disclosure Web Link Of Disclosure Of Contact Details Of KMP Who Are Authorized For The Purpose Of Determining Materiality Under Sub Regulation5Of Regulation30Is Placed
https://www.banswarasyntex.com/wp-content/uploads/2025/04/KMP_Mat_EI.pdf
Disclosure Web Link Of Disclosures Under Sub Regulation8Of Regulation30Is Placed
https://www.banswarasyntex.com/notices-advertisement/
Disclosure Web Link Of Memorandum Of Association And Articles Of Association Is Placed
https://www.banswarasyntex.com/wp-content/uploads/2025/03/MOA_AOA_2022.pdf
Disclosure Web Link Of Schedule Of Analyst Or Institutional Investor Meet And Presentation Prepared By Listed Entity For Analyst Or Institutional Investor Meet Is Placed
https://www.banswarasyntex.com/notices-advertisement/ https://www.banswarasyntex.com/financial-results/
Disclosure Web Link Of Secretarial Compliance Report Is Placed
https://www.banswarasyntex.com/annual-secretarial-compliance-report/
Disclosures Under Sub Regulation8Of Regulation30
Yes
Dividend Distribution Policy As Per Regulation43A1
Not Applicable
Employee Benefit Scheme Documents Framed In Terms Of SEBI Share Based Employee Benefits And Sweat Equity Regulations2021
Not Applicable
Fees Or Compensation
Yes
Financial Results
Yes
Is SCORESID Available
Yes
ISIN
INE629D01020
Market Capitalisation As Per Immediate Previous Financial Year
Top 2000 listed entities
Materiality Policy As Per Sub Regulation4Regulation30
Yes
Memorandum Of Association And Articles Of Association
Yes
Minimum Information
Yes
MSEI Symbol
NOTLISTED
Name Of Signatory
Ketan Kumar Dave
Name Of Signatory Affirmations
Ketan Kumar Dave
Name Of Signatory For Annual Affirmations
Ketan Kumar Dave
Name Of Signatory For Quartely Affirmations
KETAN KUMAR DAVE
Name Of The Company
BANSWARA SYNTEX LIMITED
New Name And The Old Name Of The Listed Entity
Not Applicable
Other Corporate Governance Requirements With Respect To Subsidiary Of Listed Entity
Yes
Place
Banswara
Plans For Orderly Succession For Appointments
Yes
Policy For Determining Material Subsidiaries
Yes
Policy For Related Party Transaction
Yes
Policy On Dealing With Related Party Transactions
Yes
Reason For Part F Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Not Applicable To The Entity
There is no such instance during the quarter.
Recommendation Of Board
Yes
Reporting Quarter
Yearly
Review Of Compliance Reports
Yes
Risk Assessment And Management
Yes
Schedule Of Analyst Or Institutional Investor Meet And Presentation Prepared By Listed Entity For Analyst Or Institutional Investor Meet
Yes
SCORES Registration ID
b00061
Scrip Code
503722
Secretarial Compliance Report
Yes
Separate Audited Financial Statements Of Each Subsidiary Of The Listed Entity
Yes
Shareholding Pattern
Yes
Statements Of Deviations Or Variations As Specified In Regulation32
Not Applicable
Symbol
BANSWRAS
The Listed Entity Has Approved Material Subsidiary Policy And The Corporate Governance Requirements With Respect To Subsidiary Of Listed Entity Have Been Complied
Yes
Type Of Company
Equity
Type Of Submission
Original
Vacancies In Respect Key Managerial Personnel
Not Applicable
Vigil Mechanism
Yes
Whether As Per Sub Regulation2ba Of Regulation27Of SEBILODR There Has Been Cyber Security Incidents During The Quarter
No
Whether Part A Of Annexure I Of The SEBI Circular Dated31December2024Related To Compliance Report On Corporate Governance Is Applicable To The Entity
Yes
Whether Part F Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Loans Or Guarantees Or Comfort Letters Or Securities Etc Is Applicable To The Entity
No

Additional Disclosures

Entry D_MeetingBOD1
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingBOD2
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit1
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit2
Whether Requirement Of Quorum Met
Yes
Entry D_MeetingComit3
Whether Requirement Of Quorum Met
Yes
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Board Composition — Entity Disclosures

The Composition Of Board Of Directors Is In Terms Of Sebi Regulations2015
Yes
Chairperson Related to MD / CEO
Yes
Regular Chairperson
Yes

Composition of Board of Directors

SrTitleDirectorPANDINCategory 1Category 2Category 3Date of BirthDisqualifiedStatusSpecial ResolutionSpecial Resolution DateInitial AppointmentRe-appointmentTenure (months)Listed DirectorshipsIndependent DirectorshipsAudit / Stakeholder MembershipsAudit / Stakeholder Chair Posts
1MrRAKESH MEHRA******00467321Executive DirectorChairperson related to Promoter19-Nov-1957NoActiveNot Applicable23-Apr-1986271010
2MrRAVINDRAKUMAR TOSHNIWAL******00106789Executive DirectorNot Applicable01-Sep-1963NoActiveNot Applicable24-Aug-1992271010
3MrSHALEEN TOSHNIWAL******00246432Executive DirectorNot ApplicableMD18-Mar-1977NoActiveNot Applicable21-Oct-2003271000
4MrJAGDEESHMAL MEHTA******00847311Non-Executive - Independent DirectorNot Applicable22-Oct-1942NoActiveYes24-Sep-202127-Oct-201627-Oct-202153.051121
5MrNARENDRA KUMAR ANAND AMBWANI******00236658Non-Executive - Independent DirectorNot Applicable15-Nov-1948NoActiveYes11-Mar-202429-Jan-202429-Jan-202426.031121
6MrsKAVITA SONI******03063791Executive DirectorNot Applicable13-Jul-1965NoActiveNot Applicable05-Nov-202416.271000
7MrAJAY SHARMA******06417150Non-Executive - Independent DirectorNot Applicable21-Oct-1962NoActiveNot Applicable05-Nov-202405-Nov-202416.272221
8MrRAHUL NARENDRA MEHTA******00165521Non-Executive - Independent DirectorNot Applicable20-Aug-1950NoActiveYes22-Mar-202529-Jan-202529-Jan-202514.033300

Committee Disclosures

Entry CompComit122
Date of Appointment
12-Nov-2024
Entry CompComit123
Date of Appointment
12-Dec-2017
Entry CompComit124
Date of Appointment
01-Apr-2024
Entry CompComit125
Date of Appointment
16-May-2025
Entry CompComit14
Date of Appointment
01-Apr-2024
Entry CompComit15
Date of Appointment
01-Apr-2024
Entry CompComit16
Date of Appointment
12-Nov-2020
Entry CompComit17
Date of Appointment
12-Nov-2024
Entry CompComit41
Date of Appointment
01-Apr-2024
Entry CompComit42
Date of Appointment
01-Apr-2024
Entry CompComit43
Date of Appointment
12-Nov-2024
Entry CompComit44
Date of Appointment
16-May-2025
Entry CompComit68
Date of Appointment
01-Apr-2024
Entry CompComit69
Date of Appointment
01-Apr-2024
Entry CompComit70
Date of Appointment
01-Apr-2024
Entry MainD
Composition And Role Of Risk Management Committee
Not Applicable
Composition Of Audit Committee
Yes
Composition Of Nomination And Remuneration Committee
Yes
Composition Of Stakeholder Relationship Committee
Yes
Composition Of Various Committees Of Board Of Directors
Yes
Disclosure Web Link Of Company At Which Composition Of Various Committees Of Board Of Directors Is Placed
https://www.banswarasyntex.com/cg/
Memberships In Committees
Yes
Prior Or Omnibus Approval Of Audit Committee For All Related Party Transactions
Yes
Risk Management Committee
No
Role Of Audit Committee And Information To Be Reviewed By The Audit Committee
Yes
Role Of Nomination And Remuneration Committee
Yes
Role Of Stakeholders Relationship Committee
Yes
The Committee Members Have Been Made Aware Of Their Powers Role And Responsibilities As Specified In Sebi Regulations2015
Yes
The Composition Of Audit Committee Is In Terms Of Sebi Regulations2015
Yes
The Composition Of The Nomination And Remuneration Committee Is In Terms Of Sebi Regulations2015
Yes
The Composition Of The Risk Management Committee Is In Terms Of Sebi Regulations2015
Not Applicable
The Composition Of The Stakeholders Relationship Committee Committee Is In Terms Of Sebi Regulations2015
Yes
Whether The Audit Committee Has A Regular Chairperson
Yes
Whether The Corporate Social Responsibility Committee Has A Regular Chairperson
Yes
Whether The Nomination And Remuneration Committee Has A Regular Chairperson
Yes
Whether The Stakeholders Relationship Committee Has A Regular Chairperson
Yes

Audit Committee

Additional Position
Chairperson
Director DIN
00236658
Member Name
NARENDRA KUMAR ANAND AMBWANI
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
00467321
Member Name
RAKESH MEHRA
Position
Executive Director

Audit Committee

Additional Position
Member
Director DIN
00847311
Member Name
JAGDEESHMAL MEHTA
Position
Non-Executive - Independent Director

Audit Committee

Additional Position
Member
Director DIN
06417150
Member Name
AJAY SHARMA
Position
Non-Executive - Independent Director

Audit Committee

Audit Committee

Corporate Social Responsibility Committee

Additional Position
Chairperson
Director DIN
03063791
Member Name
KAVITA SONI
Position
Executive Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
00246432
Member Name
SHALEEN TOSHNIWAL
Position
Executive Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
00847311
Member Name
JAGDEESHMAL MEHTA
Position
Non-Executive - Independent Director

Corporate Social Responsibility Committee

Additional Position
Member
Director DIN
00165521
Member Name
RAHUL NARENDRA MEHTA
Position
Non-Executive - Independent Director

Corporate Social Responsibility Committee

Nomination and remuneration committee

Additional Position
Chairperson
Director DIN
00847311
Member Name
JAGDEESHMAL MEHTA
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
00236658
Member Name
NARENDRA KUMAR ANAND AMBWANI
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
06417150
Member Name
AJAY SHARMA
Position
Non-Executive - Independent Director

Nomination and remuneration committee

Additional Position
Member
Director DIN
00165521
Member Name
RAHUL NARENDRA MEHTA
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Chairperson
Director DIN
00847311
Member Name
JAGDEESHMAL MEHTA
Position
Non-Executive - Independent Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
00106789
Member Name
RAVINDRAKUMAR TOSHNIWAL
Position
Executive Director

Stakeholders Relationship Committee

Additional Position
Member
Director DIN
00236658
Member Name
NARENDRA KUMAR ANAND AMBWANI
Position
Non-Executive - Independent Director
Entry MainD
Gap Between The Meetings Of The Risk Management Committee
Not Applicable
Meeting Of Audit Committee
Yes
Meeting Of Board Of Directors
Yes
Meeting Of Independent Directors
Yes
Meeting Of Nomination And Remuneration Committee
Yes
Meeting Of Risk Management Committee
Not Applicable
Meeting Of Stakeholders Relationship Committee
Yes
Quorum Of Board Meeting
Yes
Quorum Of Nomination And Remuneration Committee Meeting
Yes
Quorum Of Risk Management Committeemeeting
Not Applicable
The Meetings Of The Board Of Directors And The Above Committees Have Been Conducted In The Manner As Specified In Sebi Regulations2015
Yes
Entry MeetingBOD1
Dates Of Meeting In The Previous Quarter
10-Nov-2025
Number Of Directors Present In Meeting Of Board Of Directors
7
Number Of Independent Directors Attending The Meeting
3
Total Number Of Directors As On Date Of The Meeting
8
Entry MeetingBOD2
Dates Of Meeting If Any In The Relevant Quarter
10-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
91
Number Of Directors Present In Meeting Of Board Of Directors
8
Number Of Independent Directors Attending The Meeting
4
Total Number Of Directors As On Date Of The Meeting
8
Entry MeetingComit1
Dates Of Meeting Of The Committee In The Previous Quarter
10-Nov-2025
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
3
Number Of Independent Director Attending Meeting Of Committee
2
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingComit2
Dates Of Meeting Of The Committee In The Relevant Quarter
10-Feb-2026
Maximum Gap Between Any Two Consecutive Meetings
91
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
4
Number Of Independent Director Attending Meeting Of Committee
3
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
4
Entry MeetingComit3
Dates Of Meeting Of The Committee In The Relevant Quarter
10-Feb-2026
Number Of Director Present In Meeting Of Committee All Directors Including Independent Director
4
Number Of Independent Director Attending Meeting Of Committee
2
Number Of Member Attending Meeting Of Committee
0
Total Number Of Directors As On Date Of The Meeting
4
Entry MainD
Contact Information Of The Designated Officials Of The Listed Entity Who Are Responsible For Assisting And Handling Investor Grievances
Yes
Disclosure Web Link Of Company At Which Contact Information Of The Designated Officials Of The Listed Entity Who Are Responsible For Assisting And Handling Investor Grievances Is Placed
https://www.banswarasyntex.com/contact/
Disclosure Web Link Of Company At Which Email Address For Grievance Redressal And Other Relevant Details Is Placed
https://www.banswarasyntex.com/contact/
Email Address For Grievance Redressal And Other Relevant Details
Yes
No Of Investor Complaints Disposed Off During The Period
0
No Of Investor Complaints During The Period
0
No Of Investor Complaints Received During The Period
0
Whether Part B Of Annexure I Of The SEBI Circular Dated31December2024Related To Investor Grievance Redressal Report Is Applicable To The Entity
Yes
Entry MainI
No Of Investor Complaints
0
Entry PY_I
No Of Investor Complaints
0
Entry D_AcquisitionShares1
Percentage Of Shares Or Voting Rights Acquired During The Quarter
0
Entry I_AcquisitionShares_PY1
Percentage Of Aggregate Holding Of Shares Or Voting Rights
1
Entry I_AcquisitionShares1
Date Of Acquisition
11-Feb-2026
Name Of The Unlisted Company In Which Shares Or Voting Rights Have Been Acquired
Banswara Brands Private Limited
Percentage Of Aggregate Holding Of Shares Or Voting Rights
1
Entry MainD
Any Other Information For Disclosure Of Acquisition Of Shares Or Voting Rights In Unlisted Companies Explanatory Text Block
During the Quarter Company has acquired shares under right issue in Banswara Brands Private Limited, a wholly owned subsidiary of the Company. Aggregate holding % of the Company as at the end of previous quarter is 100%. Percentage of shares acquired by the Company in the aforesaid wholly owned subsidiary during the quarter is 100% of the new issue and consequently, the Company continues to hold 100% of the total shares as at the end of the quarter. However, the aggregate holding as at the end of quarter in the utility is the summation of percentage held (100%) and percentage acquired(100%), which comes to 200% and factually incorrect. Therefore, to reflect correct holding as at end of quarter and to account no change in overall percentage of holding post the acquisition, the percentage of shares acquired during the quarter is kept 0.00% in the utility. During the quarter, Company acquired 20,00,000 Equith Shares of Rs 10/-. Total holding of the Company in wholly owned subsidiary is 95,00,000 Equity shares as on 31.03.2026
Composition Of Board Of Directors Of Unlisted Material Subsidiary
Not Applicable
Whether Part C Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Acquisition Of Shares Or Voting Rights In Unlisted Companies Is Applicable To The Entity
Yes
Reason For Part E Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Updates To Ongoing Tax Litigations Or Disputes Is Not Applicable To The Entity
There are ongoing tax litigations or disputes in terms of sub-para 8 of Para B Part A of Schedule III of SEBI LODR, However, there is no update during the quarter
Whether Part E Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Updates To Ongoing Tax Litigations Or Disputes Is Applicable To The Entity
No
Entry I_ImpositionOfFineOrPenalty1
Authority
Office of the Assistant Commissioner CGST & Central Excise, Audit Commissionerate: Surat
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
21-Jan-2026
Financial / Operational Impact
Penalty of Rs 53,212 was deposited by the Company. There is no impact on the operation or other activities of the Company due to levy of the said penalty.
Nature And Details Of The Action Taken Or Order Passed
FINAL AUDIT REPORT NO. FAR/25-26/Dec-2025/66/L9B
Violation Details
Department has alleged Wrong availment of ITC, Non-reversal of Blocked ITC, Non-Reversal of ITC not reflected in GSTR-2A, Non-payment of tax in RCM against certain Invoices
Entry I_ImpositionOfFineOrPenalty2
Authority
The Deputy Commissioner of State Tax, Surat
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
30-Mar-2026
Financial / Operational Impact
Imposition of General Penalty of Rs.15,000/-. There is no impact on the operation or other activities of the Company due to levy of the said penalty.
Nature And Details Of The Action Taken Or Order Passed
OIA No.DC/Apl-2/Div-8/Surat/BSL/2025-26/O.W. 3132/35 Dtd 26/02/26
Violation Details
Penalty due to improper e-way bill
Entry I_ImpositionOfFineOrPenalty3
Authority
Income Tax department (Assessment Unit)
Date Of Receipt Of Direction Or Order Including Any Ad Interim Or Interim Orders Or Any Other Communication From The Authority
21-Mar-2026
Financial / Operational Impact
Imposition of Penalty of Rs. 2,19,571/-. There is no impact on the financial, operation or other activities of the Company due to levy of the said penalty. Subsequently Company has filed appeal before CIT (A)
Nature And Details Of The Action Taken Or Order Passed
ITBA/PNL/F/271(1)(c)/2025-26/1087707041(1)
Violation Details
Penalty Order under section 271(1)(c) of the Income Tax Act, 1961
Entry MainD
Whether Part D Of Annexure I Of The SEBI Circular Dated31December2024Related To Disclosure Of Imposition Of Fine Or Penalty Is Applicable To The Entity
Yes