Change in Management

BSL/SEC/2026-27/29 30th July, 2026 BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza Bandra–Kurla, Dalal Street, Mumbai – 400001 Bandra (East), Mumbai–400051 (Maharashtra) (Maharashtra) Scrip Code : 503722 Symbol : BANSWRAS Sub: Appointment/Re-appointment of Directors – Intimation under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ref: Our letter No. BSL/SEC/2026-27/07 dated 19th May, 2026 In furtherance to our letter dated 19th May, 2026 regarding approval of the Board of Directors for appointment/re-appointment of Directors, we would like to inform you that the shareholders of the Company at its 50th Annual General Meeting dated 30th July, 2026, with requisite majority approved the re-appointment of Mr. Rakesh Mehra (DIN: 00467321) as Chairman and Whole-Time Director, Mr. Ravindrakumar Toshniwal (DIN: 00106789) as Vice-Chairman and Whole-Time Director, Mr. Shaleen Toshniwal (DIN: 00246432) as Managing Director for a period of 3 years from 1st January, 2027 to 31st December, 2029, and the appointment of Mr. Udeypaul Singh Gill (DIN: 00004340) as Non-Executive Independent Director for first term of 5 consecutive years from 20th May, 2026 to 19th May, 2031. The resolutions are deemed to have been passed on 30th July, 2026 being the date of the Annual General Meeting. Details with respect to the appointment/re-appointment of the above Directors of the Company, as required under Regulation 30(6) read with Para A(7) of Part A of Schedule III of the SEBI Listing Regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD2/P/CIR/2023/123 dated July 13, 2023 are provided in Annexure I to this letter. Yours faithfully For BANSWARA SYNTEX LIMITED SHALEEN TOSHNIWAL Managing Director DIN : 00246432 Encl. As above ANNEXURE – I DETAILS AS REQUIRED UNDER SEBI (LISTING OBLIGATION AND DISCLOSURE REQUIREMENTS) REGULATION, 2015 READ WITH SEBI MASTER CIRCULAR NO. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 DATED 30TH JANUARY, 2026: Re-appointment of the Whole-Time/ Executive Directors and appointment of Independent Director of the Company Particulars Mr. Rakesh Mehra (DIN: Mr. Ravindrakumar Mr. Shaleen Toshniwal Mr. Udeypaul Singh Gill 00467321) Toshniwal (DIN: 00106789) (DIN: 00246432) (DIN: 00004340) Reason for change viz Re-appointment – as existing Re-appointment – as existing Re-appointment – as existing Appointment as a Director in category of appointment, term of 3 years will expire on 31st term of 3 years will expire on 31st term of 3 years will expire on Non-Executive Independent Director resignation, removal, December, 2026 December, 2026 31st December, 2026 death or otherwise (Tenure Completion) Date of appointment / Re-appointment as Chairman Re-appointment as Vice- Re-appointment as Managing Appointed as Non-Executive Independent re- appointment and Whole Time Director of the Chairman and Whole Time Director of the Company for a Director of the Company w.e.f. 20th May, /cessation (as Company for a period of 3 Years Director of the Company for a period of 3 Years (Three 2026 for first term of five consecutive applicable) (Three Years) w.e.f. 1st January, period of 3 Years (Three Years) Years) w.e.f. 1st January, 2027 years from 20th May, 2026 to 19th May, Term of appointment 2027 to 31st December, 2029. w.e.f. 1st January, 2027 to 31st to 31st December, 2029. 2031. December, 2029. Brief Profile Mr. Rakesh Mehra Aged 68 Mr. Ravindrakumar Toshniwal, Mr. Shaleen Toshniwal, aged Mr. Udeypaul Singh Gill is a board-level Years, is a Chartered aged 62 years, is a B.Tech 49 years, is a Bachelor in business leader with over four decades of Accountant, having more than 39 (Chem.) From IIT, Mumbai. He Business Management from experience as an executive and strategist. years of experience in the Textile has completed OPM course of Bentley College, USA and has Renowned for his expertise in building Industry. He is responsible for Harvard University, USA. He is over 22 years’ experience in new businesses, driving leadership entire commercial and financial having over 38 years’ experience the textile industry. development, and championing activities with an emphasis on in textile industry. sustainability initiatives. Mr. Gill has Yarn and Automotive Fabric He has attracted a number of He is responsible for overall made significant contributions towards Business. reputed buyers from all over the activities of the Company strategic innovation, carbon neutrality and world as a result by of which the with emphasis on Readymade energy transition. His multifaceted career He has been Chairman of The exports of the Company have garment business, Thermal spans industries such as natural and Synthetic & Rayon Textiles increased substantially over the Power Plant Operation and synthetic fibers, chemicals, fertilizers, Export Promotion Council last 15 years. HR Strategy of the Company. banking, textiles, and management (SRTEPC) for two terms and has consulting. also served as the Chairman of He is also involved in Strategic He is currently the Chairman Confederation of Indian Textile decision making, drawing up of of Manmade and Technical Mr. Gill’s achievements have been Industry (CITI). business plans and stakeholder Textiles Export Promotion recognized with prestigious accolades, management and is also Council (MATEXIL). including the "Lifetime Achievement Presently he is the Chairman of responsible for Fabric Business Award" from CIRFS and WFC Dornbirn, CITI-CIDRA standing and new product developments. as well as the "Manager of the Year committee on Cotton. Award" from the Northern India Management Association. He currently serves as Partner at Gherzi Consulting Zurich and is a board member of the International Textile Manufacturers Federation, Vardhman Textiles Limited, and Biotexfuture Germany. He holds a master’s in Business Administration (MBA) from PAU, Ludhiana and B.Sc. (Honours) in Economics. Disclosure of 1. Mr. Ravindrakumar 1. Mr. Rakesh Mehra – Brother- 1. Mr. Rakesh Mehra – Mr. Udeypaul Singh Gill is not related to relationship between Toshniwal – Brother-in-Law in-Law Brother-in-Law any Director of the Company. directors 2. Mr. Shaleen Toshniwal – 2. Mr. Shaleen Toshniwal – 2. Mr. Ravindrakumar Brother-in-Law Brother Toshniwal – Brother 3. Mrs. Kavita Soni – Sister-in- 3. Mrs. Kavita Soni – Sister 3. Mrs. Kavita Soni – Sister Affirmation as required Mr. Rakesh Mehra has not been Mr. Ravindrakumar Toshniwal Mr. Shaleen Toshniwal has Mr. Udeypaul Singh Gill has not been under BSE Circular No. debarred from holding the office has not been debarred from not been debarred from debarred from holding the office of LIST/COMP/14/2018- of Director by virtue of any SEBI holding the office of Director by holding the office of Director Director by virtue of any SEBI order or 19 and the National order or any other such authority. virtue of any SEBI order or any by virtue of any SEBI order or any other such authority. Stock Exchange of India other such authority. any other such authority. Limited Circular with ref. no. NSE/CML/2018/ 24, both dated June 20, 2018