Banswara Syntex Jagdeesh Mal Mehta steps down
Banswara Syntex (BANSWRAS) said Jagdeesh Mal Mehta has ceased. The company is valued at about ₹324 crore.
What happened
In a filing with the BSE on 26 October 2026 at 03:16 PM, Banswara Syntex (BANSWRAS) said that Jagdeesh Mal Mehta has ceased.
From the filing: "Banswara Syntex Ltd has informed the exchange regarding Cessation of Mr."
Company snapshot
Banswara Syntex is a micro-cap company, with a market value of about ₹324 crore.
The stock last traded at ₹94.61, against a 52-week range of ₹92.88–₹144 (34.3% below the high).
Before this filing the shares had moved −16.5% over the month and −26.1% over three months. Average daily turnover over the last 20 sessions was about ₹0.19 crore.
Promoters held 54.19% at the end of Q1 FY27. Foreign institutions owned 7.92% and domestic institutions 0.00%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 306 | -1.4 | -0.4 |
| Q2 FY26 | 345 | 7.1 | 2.07 |
| Q3 FY26 | 340 | 14 | 4.09 |
| Q4 FY26 | 366 | 11.5 | 3.36 |
| Q1 FY27 | 316 | 4.6 | 1.35 |
What history shows
BCEIE's records show 5 previous management change filings from the company since May 2026.
After those filings, the stock fell 0.4% on average the next trading day and was down 4.1% on average after five days (5 filings with price data).
Market-wide, 3,997 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 44% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 8 Sept 2026 | Resignation of Director/KMP/SMP | −1.7% | −4.9% |
| 8 Sept 2026 | Resignation of Mr Narendra Kumar Anand Ambwani as Non- Executive… | −1.7% | −4.9% |
| 6 Aug 2026 | Management change | +0.3% | −6.3% |
| 31 Jul 2026 | Change in Company Secretary/Compliance Officer | +0.6% | −2.1% |
| 30 Jul 2026 | Management change | +0.6% | −2.1% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
In the news
Recent coverage elsewhere (links open the original publisher):
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.