AYM Syntex Ltd

Financial results

• Standalone unaudited results for quarter ended June 30, 2026 approved.
• Consolidated unaudited results for quarter ended June 30, 2026 approved.
• Limited Review Reports on results reviewed by Audit Committee and Board.

Capital and accounting changes

• ESOP exercise increased paid-up capital by Rs 12 lakhs; securities premium by Rs 33.02 lakhs.
• Tax rate elected at 25.17% under section 115BAA; one-time deferred tax credit of Rs 227.50 lakhs recognized.

Regulatory and ongoing matters

• Ongoing merger with Mandawewala Enterprises; NCLT hearing Aug 27, 2026.

Audit and subsidiary note

• One wholly owned subsidiary's interim results not reviewed; not material to the Group.

SMP Resignation

• Rasik Chauhan resigns as President and Plant Head-Palghar, effective Aug 7, 2026.
• Reason: personal reasons.
• No replacement details disclosed.
• Annexure A notes no director relationships.

Appointment of Senior Management Personnel

• Type: Appointment of Vireshwar Joshi as President and Unit Head - Palghar.
• Effective date: 6 August 2026.
• Reason: Appointment as Senior Management Personnel.
• Profile: 34 years' textile leadership; former CEO/Unit Head; B.Tech, MBA, DCA.
• Previous employers: Shahi Exports, RSWM Ltd, TEX/BTC/STB Africa.
• Relationships: No related-party disclosures with other directors.
• Board/Committee impact: Not mentioned.

Rating Action Details

• India Ratings assigns IND A/Stable/IND A1 to ₹17.03 crore bank loan facilities.
• India Ratings affirms IND A/Stable/IND A1 for ₹538.32 crore bank loan facilities.

Dematerialisation status

• Dematerialisation requests processed; securities confirmed to depositories for quarter ended 30 June 2026.
• Securities dematerialised listed on the stock exchanges where earlier issued securities are listed.
• Physical certificates received for dematerialisation mutilated and cancelled; depository's name substituted as registered owner within timelines.