Kiran Syntex Ltd

Kiran Syntex Limited – Trading Window closed for all Designated Persons and their immediate relatives from 01 October, 2026 till completion of 48 hours after the declaration of financial results of the company for the period ended 30th September, 2026.

AGM Details

• Date and time: 12 September 2026, 11:00 AM to 12:30 PM; mode: physical with e-voting.
• Record date: 5 September 2026; on-record shareholders: 2,763.

Resolutions put to vote

• Resolution 1 (Ordinary): Adopt audited financial statements for year ended 31 March 2026 and related reports; passed.
• Resolution 2 (Ordinary): Re-appointment of Ami Jigar Godiwala as Director liable to retire by rotation; passed.

Voting results

• Resolution 1 passed with overwhelming support (approx. 99.9977% in favour, minimal against).
• Resolution 2 passed with overwhelming support; no significant dissent recorded.

Directors

• Director Ami Jigar Godiwala re-appointed; retires by rotation.

Other disclosures

• No dividend proposal or approval disclosed.
• No material related party transactions or other material approvals reported.

agm details

• AGM held on 12 September 2026 at 11:00 AM at 1/324 Popat Street, Surat (physical).
• Meeting duration 11:00 AM to 12:30 PM.
• Mode: Physical meeting with remote e-voting facility.

ordinary business

• To consider and adopt the audited financial statements for the year ended March 31, 2026.
• To appoint Ms. Ami Jigar Godiwala retiring by rotation for re-appointment.

voting and results

• Remote e-Voting facility provided; ballot option available for non-electronic voters.
• Scrutinizer appointed: Shri Kunjal Dalal, Practicing Company Secretary.
• Results to be disseminated upon receipt of Scrutinizer's Report.

Scheme overview

• Nature: Merger between transferee and transferor under applicable Companies Act provisions.
• Approvals/filing: Board approved the draft Scheme; submitted to BSE under Regulation 37.
• Financial terms: No share exchange ratio or consideration disclosed.
• Stakeholders/structure: Involves transfer of shareholders and creditors as part of the merger.
• Status/Next steps: Draft Scheme filed with BSE; awaiting regulatory actions.

Financial snapshot

• Revenue from operations: ₹1,489,452.40 for year ended 31/03/2026.
• Net loss after tax: ₹7,242.84 (hundreds) for 2026.
• Basic EPS: -0.170 for 2026.
• Current ratio: 1.061x as at 31/03/2026.
• Debt-equity ratio: 0.109x as at 31/03/2026.
• Promoter holdings include Ami Godiwala 607,655; Nancy Godiwala 555,355; Joy Godiwala 493,921.
• Dividend: no dividend recommended.
• Cash and cash equivalents: ₹36,131.34 as at 31/03/2026.
• Equity share capital: 4,249,900 shares of ₹10 each, fully paid.

Mergers and business changes

• EGM 22/12/2025 approved amendments to MOA and AoA.
• Main business object expanded to include new activities.
• Merger approved 20/02/2026: Kiran Syntex Ltd with Gujarat Kiran Polytex Ltd.
• Single segment: yarn and textile trading.

Operations and market context

• Company trades yarn and textile products; single reportable segment.
• Textiles industry shifting from China to India; export potential rising.
• Outlook: expansion policy guided by available resources and opportunities.

Governance and compliance

• Independent Directors appointed 14/11/2025.
• Company Secretary Jinal Shah appointed 02/01/2026.
• Audit Committee: Rakesh Modi (Chairman), Jitendra Dina, Maheshkumar Godiwala.
• Secretarial audit MR-3: compliance; no material weaknesses observed.
• Whistle Blower policy adopted; no complaints received.

Audit, controls and risk

• Auditors: Patel Kabrawala & Co; revenue recognition is a key audit matter.
• Internal financial controls deemed adequate; no material weaknesses observed.
• EPF demand ₹65,538.95 (hundreds) disputed; Tribunal appeal ongoing.
• Related party balances: director loan ₹11,800; supplier loan/advances ₹54,000.
• Internal audit reports reviewed; no major inconsistencies noted.

Related party and liquidity

• Related party transactions include Gujarat Kiran Polytex Limited; Sudershan Texprint Pvt Ltd; Kiran Texprint Pvt Ltd.
• Aging of trade payables: MSME ₹765,327.97; Other ₹38,799.14.
• Net cash from operations: ₹19,051.55 (hundreds) in 2026.
• Financing activities yielded ₹14,486.80; net cash increase ₹33,538.34.

Go-forward and disclosures

• Merger and MOA/AOA changes align with Companies Act 2013 requirements.
• CSR not applicable due to thresholds; no CSR initiatives disclosed.

AGM details

• AGM date and time: 12 September 2026 at 11:00 AM at the registered office.
• Mode: physical meeting at the company's registered office in Surat.
• Register of Members and Share Transfer Books closed from 07/09/2026 to 12/09/2026.

Key resolutions

• Ordinary resolution to adopt the audited financial statements for the year ended 31 March 2026.
• Ordinary resolution to re-appoint Ami Jigar Godiwala as Director.

Voting status

• Voting outcomes are not disclosed in the AGM notice.

Director changes

• Ami Jigar Godiwala to be re-appointed as Director.

AGM details

• AGM date set for 12/09/2026; time and mode not disclosed.
• Book closure from 07/09/2026 to 12/09/2026 (inclusive).
• Record date for voting fixed at 05/09/2026.
• E-voting window from 09/09/2026 to 11/09/2026.

Board outcomes

• Un-audited Q1 2026 results approved; Limited Review Report enclosed.
• AGM on 12 Sep 2026 at 11:00 AM fixed at registered office.
• Board’s Report for year ended 31/03/2026 approved.
• Book closure, AGM cut-off date and e-voting period finalized.
• Shri Kunjal Dalal appointed as Scrutinizer for remote e-voting and AGM voting.
• Ami Jigar Godiwala re-appointment by rotation subject to member approval.