Advance Syntex Limited, a prominent name in the manufacturing of glitter powder, metallized, and coated polyester films, has announced the resignation of its Company Secretary, Ms. Ambica Pal Sharma, effective December 5, 2024. The Board of Directors formally accepted her resignation during a meeting held on the same date at the company’s administrative office in Vadodara, Gujarat.

Resolution Details

The Board acknowledged and accepted Ms. Sharma’s resignation, citing preoccupancy in other assignments as the reason for her decision. In the resolution passed during the meeting, the Board noted her significant contributions to the company and expressed its appreciation for her dedicated service.

The following points were unanimously resolved during the meeting:

1. The resignation was accepted effective December 5, 2024.
2. Ms. Sharma was relieved from her duties with immediate effect.
3. Mr. Bhavan Vora, Managing Director, was authorized to complete all necessary formalities, including filing requisite forms with the Registrar of Companies, Ahmedabad.

Acknowledgment of Service

In a formal communication addressed to Ms. Ambica Pal Sharma, the company expressed its gratitude for her invaluable contributions. Her tenure was marked by dedication and commitment, which were instrumental in supporting the company’s governance framework and compliance measures.

The Managing Director, Mr. Bhavan Vora, emphasized that Ms. Sharma’s efforts had strengthened the company’s corporate governance and compliance standards. He also conveyed best wishes for her future endeavors, ensuring full support during the transition period.

Transition and Compliance

The company is now focused on ensuring a seamless transition while maintaining its commitment to robust governance. The resolution further authorized the Managing Director to execute any necessary documents and correspondence required to finalize the resignation process.

Corporate Governance at Advance Syntex Limited

Advance Syntex Limited remains committed to upholding high standards of corporate governance and transparency. This leadership change is being managed with due diligence to ensure minimal disruption to ongoing operations.

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