AYM Syntex logo

AYM Syntex CEO, MD, chairman, board of directors and AGM

NSE: AYMSYNTEXBSE: 508933Textiles & ApparelsSmall Cap

Formerly Welspun Syntex
Last close ₹223.85down ₹13.55 (5.71%)BSE ₹226.15

Share price at the NSE close on 23 Oct 2026. Previous close ₹237.40.

52-week range of traded prices to 23 Oct 2026
₹141.53Low, 20 Jan 2026₹330.00High, 8 Sep 2026
Market cap
₹1,316 Cr1,401st largest listed
P/E
70.1
P/B
2.2
Dividend yield
Nonein the last 12 months
ROE
3.2%
ROCE
6.2%
Debt to equity
0.30
Volume, NSE
59,54356.6% delivered

AYM Syntex board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonRajesh Ramesh MandawewalaRelated to the promoter
  • Managing director and CEOAbhishek Rajesh Mandawewala
  • Company Secretary and Compliance OfficerKAUSHAL PATVI

6 directors3 independent2 executive1 non-executive

  • Rajesh Ramesh Mandawewala · ChairpersonNon-executive · joined Jul 1991 · 4 listed boards · 1 committee seat
  • Abhishek Rajesh Mandawewala · Managing director and CEOExecutive · joined Jul 2015 · 1 listed board · 3 committee seats, 1 as chair
  • Khushboo Abhishek MandawewalaExecutive · joined Jul 2019 · 1 listed board
  • Harsh Shailesh BhutaIndependent · joined May 2024 · reappointed May 2024 · 28 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • Mala Arun TodarwalIndependent · joined May 2024 · reappointed May 2024 · 28 months as independent · 3 listed boards · 3 as independent · 8 committee seats, 5 as chair
  • James Robert McCallumIndependent · joined Jul 2025 · reappointed Jul 2025 · 14 months as independent · 1 listed board · 1 as independent

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • Kantilal Narandas Patel, left 6 Oct 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 11 Aug 20266 of 6 present2 independent · 83 days in between
    • 19 May 20265 of 6 present2 independent

  • Audit Committee

    Chair Harsh Shailesh Bhuta

    Mala Arun Todarwal, Abhishek Rajesh Mandawewala

    • 11 Aug 20263 of 3 present2 independent · 83 days in between
    • 19 May 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Harsh Shailesh Bhuta

    Mala Arun Todarwal, Rajesh Ramesh Mandawewala

    • 19 May 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Harsh Shailesh Bhuta

    Rajesh Ramesh Mandawewala, Abhishek Rajesh Mandawewala

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Mala Arun Todarwal

    Rajesh Ramesh Mandawewala, Abhishek Rajesh Mandawewala, Khushboo Abhishek Mandawewala

    • 19 May 20263 of 4 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Price waterhouse chartered Accountant LlpPeer-review certificate valid to Nov 2026

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

AYM Syntex AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.AYM Syntex share news and announcements

Annual general meeting, 28 Sep 2026

8,916 shareholders on the register on 18 Sep 2026; present: 3 promoters and 46 others; votes counted by HITESH J. GUPTA / HITESH J. GUPTA.The company's voting result (opens in a new tab)

  1. 1. To receive, consider and adopt a. the Audited Standalone Financial statements for the financial year ended 31st March 2026, together with the reports of the Board of Directors and the Auditors thereon b. the Audited Consolidated Financial statements for the financial year ended 31st March 2026, together with the report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 72.79% · promoters 100.00% · institutions 94.23% · other public 10.74%

  2. To appoint a director in place of Mr. Rajesh Mandawewala (DIN: 00007179), who retires by rotation, and being eligible, offers himself for re-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 72.79% · promoters 100.00% · institutions 94.23% · other public 10.74%

  3. To Ratify the Remuneration of Cost Auditor for the Financial Year 2026-27.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 72.79% · promoters 100.00% · institutions 94.23% · other public 10.74%

  4. To approve payment of remuneration to Mr. James Robert McCallum, (DIN: 11195781) Non-Executive Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 72.79% · promoters 100.00% · institutions 94.23% · other public 10.74%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Meeting called by the tribunal, 25 May 2026, 1 resolution

1,125 shareholders on the register on 30 Sep 2025; present: 0 promoters and 52 others; votes counted by HITESH J. GUPTA / HITESH J. GUPTA.The company's voting result (opens in a new tab)

  1. Approval to the Scheme of Amalgamation of Mandawewala Enterprises Limited (“the Transferor Company”) with AYM Syntex Limited (“the Transferee Company” or “Company”) and their respective shareholders (“the Scheme”) in accordance with the provisions of Section 230-232 and other applicable provisions of the Companies Act, 2013 (“Act”)MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 100.00% · promoters 0.00% · institutions 0.00% · other public 100.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2025, 7 resolutions

9,274 shareholders on the register on 19 Sep 2025; present: 3 promoters and 36 others; votes counted by HITESH J. GUPTA / HITESH J. GUPTA.The company's voting result (opens in a new tab)

  1. a.To receive, consider and adopt the Audited Standalone Financial statements for the financial year ended 31st March 2025, together with the reports of the Board of Directors and the Auditors thereon; b.To receive, consider and adopt the Audited Consolidated Financial statements for the financial year ended 31st March 2025, together with the report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 72.71% · promoters 100.00% · institutions 87.41% · other public 11.81%

  2. To appoint a director in place of Mrs. Khushboo Mandawewala (DIN: 06942156), who retires by rotation, and being eligible, offers herself for re-appointment.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 72.71% · promoters 100.00% · institutions 87.41% · other public 11.81%

  3. Appointment of Secretarial Auditor for a term of 5 (five) Consecutive Years.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 72.71% · promoters 100.00% · institutions 87.41% · other public 11.81%

  4. Ratification of the Remuneration Payable to Cost Auditor for the Financial Year 2025-26.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 72.71% · promoters 100.00% · institutions 87.41% · other public 11.81%

  5. Appointment of Mr. James Robert McCallum (DIN: 11195781) as Non-Executive Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 72.71% · promoters 100.00% · institutions 87.41% · other public 11.81%

  6. To approve payment of remuneration to Mr. James Robert McCallum, Non-Executive Independent Director up to INR 25 Lakhs per annum.
    Special
    98.21% for1.79% against

    Against: promoters 0.00% · institutions 40.52% · other public 0.00%

    Turnout: all 72.71% · promoters 100.00% · institutions 87.41% · other public 11.81%

  7. Approval for an increase in the remuneration of Mr. Yash R. Mandawewala, Business Head for Dyed Yarn Business who is occupying an office or place of profit in the Company.
    Ordinary
    98.21% for1.79% against

    Against: promoters 0.00% · institutions 40.52% · other public 0.00%

    Turnout: all 72.71% · promoters 100.00% · institutions 87.41% · other public 11.81%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 28 Mar 2025, 1 resolution

9,708 shareholders on the register on 21 Mar 2025; present: 0 promoters and 38 others; votes counted by HITESH J. GUPTA / HITESH J. GUPTA.The company's voting result (opens in a new tab)

  1. Shifting of registered office of the Company from Union Territory of Dadra & Nagar Haveli and Daman & Diu to the State of Maharashtra and consequent alteration to the Memorandum of Association of the CompanyMoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 72.01% · promoters 100.00% · institutions 54.68% · other public 13.04%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 16 Oct 2024, 1 resolution

Present: 0 promoters and 35 others.The company's voting result (opens in a new tab)

  1. Preferential Allotment of up to 77,67,828 (Seventy Seven Lakhs Sixty Seven Thousand Eight Hundred and Twenty Eight) Equity Shares
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 78.20% · promoters 100.00% · institutions 0.00% · other public 18.13%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Sep 2024, 3 resolutions

Present: 0 promoters and 35 others.The company's voting result (opens in a new tab)

  1. a.To receive, consider and adopt the Audited Standalone Financial statements for the financial year ended 31st March 2024, together with the reports of the Board of Directors and the Auditors thereon;nb.To receive, consider and adopt the Audited Consolidated Financial statements for the financial year ended 31st March 2024, together with the report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 77.91% · promoters 100.00% · institutions 45.46% · other public 16.81%

  2. To appoint a director in place of Mr. Rajesh Mandawewala (DIN: 00007179), who retires by rotation, and being eligible, offers himself for re¬appointment
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 77.91% · promoters 100.00% · institutions 45.46% · other public 16.81%

  3. To ratify the remuneration to M/s Kiran J Mehta & Co., the Cost Accountant of the Company for the financial year 2024-25.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 77.91% · promoters 100.00% · institutions 45.46% · other public 16.81%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 17 Aug 2024, 4 resolutions

The company's voting result (opens in a new tab)

  1. Appointment of Ms. Mala Todarwal (DIN: 06933515) as a Non-Executive Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 78.36% · promoters 100.00% · institutions 51.58% · other public 18.48%

  2. Appointment of Mr. Harsh Shailesh Bhuta (DIN: 07101709) as a Non-Executive Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 78.36% · promoters 100.00% · institutions 51.58% · other public 18.48%

  3. Approval for continuation of Mr. Kantilal N Patel (DIN: 00019414) as an Independent Directors, post completion of 75 years, on the Board of the Company during his tenure of 5 years.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 78.36% · promoters 100.00% · institutions 51.58% · other public 18.48%

  4. Re-appointment of Mr. Abhishek Mandawewala (DIN: 00737785) as Managing Director and Chief Executive Officer (CEO) and fixing his remuneration
    SpecialPromoters have an interest in it
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.01%

    Turnout: all 78.36% · promoters 100.00% · institutions 51.58% · other public 18.48%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2023, 4 resolutions

Present: 2 promoters and 38 others.The company's voting result (opens in a new tab)

  1. a.tTo receive, consider and adopt the Audited Standalone Financial statements for the financial year ended on 31st March 2023 and the reports of the Board of Directors and the Auditors thereon.nb.tTo receive, consider and adopt the Audited Consolidated Financial statements for the financial year ended on 31st March 2023 and the reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 77.34% · promoters 98.64% · institutions 0.00% · other public 18.24%

  2. To appoint a Director in place of Mrs. Khushboo Mandawewala (DIN:06942156), who retires by rotation, and being eligible, offers herself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.88% for0.12% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.02%

    Turnout: all 77.34% · promoters 98.64% · institutions 0.00% · other public 18.24%

  3. To ratify the payment of remuneration to M/s Kiran J Mehta & Co., the Cost Accountant of the Company for the financial year 2023-24.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 77.34% · promoters 98.64% · institutions 0.00% · other public 18.24%

  4. To consider and approve the appointment of Mr. Kantilal N. Patel (DIN: 00019414) as Independent Director of the Company for the period of five years, with effect from 29th July 2023 to July 28, 2028 (both days inclusive), not liable to retire by rotation.MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 77.34% · promoters 98.64% · institutions 0.00% · other public 18.24%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeAssistant Commissioner of GSTSince 21 Apr 2026
    An appeal is filed with Commissioner Appeal of GST
    At the filing before: Demand order was received

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Dec 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesOct 2024, checked by Care Ratings Limited141.76Repayment of Debt ( Other than working capital borrowings)24.0024.00No
Preferential IssuesOct 2024, checked by Care Ratings Limited141.76Repayment/reduction on Working Capital Borrowings25.0025.00No
Preferential IssuesOct 2024, checked by Care Ratings Limited141.76General Corporate Purpose33.7633.76No
Preferential IssuesOct 2024, checked by Care Ratings Limited141.76Capital Expenditure59.0059.00No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.