Kiran Syntex Ltd

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.

Dematerialisation processing status

• Dematerialisation requests were confirmed to depositories (accepted/rejected) during the period.
• Securities dematerialised were listed on stock exchanges where such securities are listed.
• Physical certificates received for dematerialisation were mutilated, cancelled, and depository name substituted as registered owner.

Merger details

• Scheme of merger between Kiran Syntex Ltd (Transferee) and Gujarat Kiran Polytex Ltd (Transferor) approved.
• Transferee: Kiran Syntex Limited; Transferor: Gujarat Kiran Polytex Limited.
• Share exchange: 14.857 Kiran Syntex shares for each Gujarat Kiran Polytex share.
• Not a related party transaction.
• Rationale: improve business efficiency and achieve economies of scale.
• Post-merger shareholding: promoter 12,086,686; public 4,410,270; total 16,496,956.
• Transferor 2025-26 revenue: 29,62,70,789; net worth: 5,68,99,587.
• Transferee 2025-26 revenue: 14,89,45,240; net worth: 1,92,89,406.
• Area of business: textile and textile-related products.
• Approvals: subject to statutory/regulatory approvals; completion timeline not specified.

Kiran Syntex Ltd: Trading Window closed from 01 July 2026 till completion of 48 hours after the declaration of financial results for the period ended 30 June 2026.