Summary of Key Information:
Acquirer / Seller / Promoter: Mr. Vijay Shankarlal Bankda (DIN: 00023027)
Target Company: Syncom Formulations (India) Limited
Stock Exchange Listings:
NSE Scrip Code: SYNCOMF
BSE Scrip Code: 524470
Nature of Transaction / Event: Resignation of Managing Director and Director
Date of Transaction: Resignation effective from close of business hours on 11/08/2026
Other Noteworthy Information:
- Resignation was received by the company on 08/08/2026 at 2:35 PM
- Resignation is voluntary and does not arise from any disagreement with the Board, management or any other material reason
- Reason cited: Part of the Company's planned leadership transition and effective succession planning
- Mr. Bankda was Founder, Promoter and Managing Director of the company
- The Board acknowledged the resignation and expressed appreciation for his exemplary leadership, strategic vision and dedicated service
- Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Analyst Notes:
Regulatory compliance filing for management change with complete disclosure as required under SEBI LODR regulations. The transition appears planned and amicable with proper succession planning cited as the reason.