The meeting commenced at 06:00 PM and concluded at 07:20 PM on June 30, 2026.

Financial Details of Entities

Transferee Company - Kiran Syntex Limited:

  • Revenue for FY 2025-26: ₹14,89,45,240
  • Net Worth as on March 31, 2026: ₹1,92,89,406

Transferor Company - Gujarat Kiran Polytex Limited:

  • Revenue for FY 2025-26: ₹29,62,70,789
  • Net Worth as on March 31, 2026: ₹5,68,99,587

Transaction Details

  • Related Party Transaction: The transaction does not fall within related party transactions.
  • Business Area: Both transferor and transferee companies are mainly engaged in the business of textile and textile-related products.
  • Rationale: The merger is intended to achieve business efficiency and economies of scale.
  • Consideration: The share exchange ratio is set at 14.857 shares of Kiran Syntex Limited (Transferee) for each share of Gujarat Kiran Polytex Limited (Transferor).

Shareholding Pattern Change

Consequent to the merger, the shareholding pattern of the listed entity (Kiran Syntex Limited) will change as follows:

| Category | Existing Shareholding | Post-Merger Shareholding |

| Promoter | 1,985,635 | 12,086,686 |

| Public | 2,264,265 | 4,410,270 |