About Advance Syntex Limited
Data last updated: 14 July 2026
Advance Syntex Limited is a public limited company based in Vadodara, Gujarat, India. It specialises in specialty chemicals, a part of the broader chemicals and materials sector. Incorporated on 21 September 1990, the company has been in operation for over 36 years.
Registered with ROC Ahmedabad under CIN L17119GJ1990PLC014406. Listed on BSE: 539982.
Capital: an authorised share capital of ₹11.5 Cr and a paid-up capital of ₹11.1 Cr. Formerly known as Advance Syntex Private Limited. It is led by directors including Nandishkumar Vinodray Gandhi and Praful Ramanlal Pandya.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: 233/2 & 238/2 G I D C Por Ramangamdi, Vadodara, Gujarat, India – 391243.
Total assets are valued at ₹12.5 Cr (down 6.89% YoY).
The company has a workforce of approximately 8 employees as per the latest available data.
The company is associated with 1 brand - Midas Glitter. As per MCA filings, the company has open charges of ₹60.78 Cr and satisfied charges of ₹27.42 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website midasglitter.com.
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Registered Address233/2 & 238/2 G I D C Por Ramangamdi, Vadodara, Gujarat, India – 391243
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IndustryChemicals and Materials, Specialty Chemicals
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Advance Syntex Limited
Advance Syntex Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L17119GJ1990PLC014406, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L17119GJ1990PLC014406 | Current |
| U17119GJ1990PTC014406 | Previous |
| U17119GJ1990PLC014406 | Previous |
Associated Brands with Advance Syntex Limited
Advance Syntex Limited operates one associated brand: Midas Glitter. These brands represent Advance Syntex Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Lacquered coated films and glitter powder are manufactured. | midasglitter.com |
Business Activity of Advance Syntex Limited
Advance Syntex Limited is engaged in the principal business activity of manufacturing, with detailed activities including textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
Business activity turnover details for Advance Syntex Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Auditor Details of Advance Syntex Limited
Advance Syntex Limited is audited by VRAJM & Associates (ICAI peer reviewed, certificate valid till 2026-12-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| VRAJM & Associates (ICAI peer reviewed, certificate valid till 2026-12-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Advance Syntex Limited
Advance Syntex Limited is currently managed by 7 directors, with 11 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Nandishkumar Vinodray Gandhi
Also directs:
H B Engineers Private Limited
|
Director | 15 Dec 2010 | 15 Years 8 Months | Current |
| Praful Ramanlal Pandya | Director | 15 Dec 2010 | 15 Years 8 Months | Current |
| Himeshbhai Ochchhavlal Shah | Director | 24 Dec 2015 | 10 Years 8 Months | Current |
| Darshana Devang Vora | Whole-Time Director | 30 Sep 2013 | 12 Years 10 Months | Current |
| Bhavan Vora | Managing Director | 19 Oct 1996 | 29 Years 10 Months | Current |
| Ashish Govindlal Shukla | Director | 02 Feb 2019 | 7 Years 6 Months | Current |
Financials of Advance Syntex Limited FY 2026 filings available
Advance Syntex Limited reported revenue of ₹- for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹0 | ₹0 | ₹74.62 Lakh | ₹19.15 Cr | ₹29.12 Cr | ₹41.57 Cr | ₹64.19 Cr | ₹78.74 Cr |
| Other Income | ₹14.97 Lakh | ₹0 | ₹39,000 | ₹1.5 Lakh | ₹6.02 Lakh | ₹11.7 Lakh | ₹36.74 Lakh | ₹30.65 Lakh |
| Total Income | ₹14.97 Lakh | ₹0 | ₹75.01 Lakh | ₹19.17 Cr | ₹29.18 Cr | ₹41.68 Cr | ₹64.55 Cr | - |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹15.36 Lakh | ₹33.16 Cr | ₹25.74 Cr | ₹33.65 Cr | ₹48.08 Cr | ₹64.57 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹1.34 Cr | -₹15.23 Cr | -₹95.68 Lakh | ₹27.71 Lakh | ₹2.62 Cr | -₹2.34 Cr |
| Employee Benefit Expense | ₹0 | ₹1.92 Lakh | ₹3.84 Lakh | ₹1.05 Cr | ₹58.16 Lakh | ₹54.04 Lakh | ₹82.32 Lakh | ₹1.19 Cr |
| Finance Costs | ₹0 | ₹91,000 | ₹5.4 Lakh | ₹34.61 Lakh | ₹2.78 Cr | ₹3.96 Cr | ₹4.01 Cr | ₹5.98 Cr |
| Depreciation & Amortisation | ₹0 | - | ₹41.36 Lakh | ₹82.24 Lakh | ₹97.16 Lakh | ₹1.62 Cr | ₹1.83 Cr | - |
| Other Expenses | ₹39.29 Lakh | ₹11.11 Lakh | ₹26.89 Lakh | ₹3.1 Cr | ₹3.43 Cr | ₹4.3 Cr | ₹5.39 Cr | ₹4.5 Cr |
| Total Expenses | ₹39.29 Lakh | ₹39.29 Lakh | ₹2.26 Cr | ₹23.24 Cr | ₹32.56 Cr | ₹44.35 Cr | ₹62.75 Cr | ₹76.17 Cr |
| Profit Before Exceptional Items & Tax | -₹24.32 Lakh | - | -₹1.51 Cr | -₹4.08 Cr | -₹3.38 Cr | -₹2.67 Cr | ₹1.8 Cr | - |
| Exceptional Items | -₹18.05 Cr | - | -₹4.79 Cr | ₹1.78 Cr | -₹1.85 Cr | -₹7.76 Lakh | -₹7.75 Lakh | - |
| Profit Before Tax | -₹18.29 Cr | -₹18.44 Cr | -₹6.3 Cr | -₹2.3 Cr | -₹5.22 Cr | -₹2.75 Cr | ₹1.72 Cr | ₹2.81 Cr |
| Total Tax Expense | ₹0 | -₹2.27 Lakh | -₹7.37 Lakh | -₹58.17 Lakh | -₹1.06 Cr | ₹11.06 Lakh | ₹47.18 Lakh | ₹74.08 Lakh |
| Net Profit | -₹18.29 Cr | -₹18.42 Cr | -₹6.23 Cr | -₹1.72 Cr | -₹4.17 Cr | -₹2.86 Cr | ₹1.25 Cr | ₹2.07 Cr |
| Other Comprehensive Income | ₹0 | - | ₹0 | ₹0 | -₹1.49 Lakh | -₹2.73 Lakh | -₹84,000 | - |
| Total Comprehensive Income | -₹18.29 Cr | - | -₹6.23 Cr | -₹1.72 Cr | -₹4.18 Cr | -₹2.89 Cr | ₹1.24 Cr | - |
| EBITDA (computed) | -₹24.32 Lakh | - | -₹1.05 Cr | -₹2.91 Cr | ₹37.76 Lakh | ₹2.91 Cr | ₹7.64 Cr | - |
| Basic EPS | ₹-16.59 | - | ₹-5.61 | ₹-1.55 | ₹-3.75 | ₹-2.58 | ₹0.46 | - |
| Diluted EPS | ₹-16.59 | - | ₹-5.61 | ₹-1.55 | ₹-3.75 | ₹-2.58 | ₹0.46 | - |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹12.5 Cr | ₹13.42 Cr | ₹41.33 Cr | ₹61.05 Cr | ₹61.05 Cr | ₹64.64 Cr | ₹66.6 Cr | ₹70.15 Cr |
| Non-current Assets | ₹2.44 Cr | ₹2.95 Cr | ₹5.62 Cr | ₹9.01 Cr | ₹9.01 Cr | ₹11.91 Cr | ₹13.32 Cr | ₹12.34 Cr |
| Current Assets | ₹10.06 Cr | ₹10.47 Cr | ₹35.71 Cr | ₹52.04 Cr | ₹52.04 Cr | ₹52.74 Cr | ₹53.28 Cr | ₹57.81 Cr |
| Property, Plant & Equipment | ₹0 | ₹0 | ₹2.68 Cr | ₹6.29 Cr | ₹6.29 Cr | ₹9.92 Cr | ₹11.35 Cr | - |
| Inventories | ₹0 | ₹0 | ₹21.82 Cr | ₹26.98 Cr | ₹26.98 Cr | ₹26.87 Cr | ₹25.47 Cr | ₹22.18 Cr |
| Trade Receivables | ₹9.94 Cr | - | ₹13.67 Cr | ₹22.55 Cr | ₹22.55 Cr | ₹22.06 Cr | ₹24.38 Cr | - |
| Cash & Equivalents | ₹7.1 Lakh | ₹7.4 Lakh | ₹7.36 Lakh | ₹1.22 Cr | ₹1.22 Cr | ₹2.04 Cr | ₹2.1 Cr | ₹2.13 Cr |
| Equity (Net Worth) | -₹13.02 Cr | - | ₹6 Cr | ₹13.94 Cr | ₹13.94 Cr | ₹18.09 Cr | ₹20.97 Cr | - |
| Equity Share Capital | ₹11.1 Cr | - | ₹11.1 Cr | ₹11.1 Cr | ₹11.1 Cr | ₹11.1 Cr | ₹11.1 Cr | - |
| Borrowings (Non-current) | ₹6.88 Cr | - | ₹11.57 Cr | ₹13.61 Cr | ₹13.61 Cr | ₹16.42 Cr | ₹8.15 Cr | - |
| Borrowings (Current) | ₹17.08 Cr | - | ₹21.18 Cr | ₹28.66 Cr | ₹28.66 Cr | ₹19.52 Cr | ₹23.3 Cr | - |
| Total Debt (computed) | ₹23.96 Cr | - | ₹32.75 Cr | ₹42.27 Cr | ₹42.27 Cr | ₹35.94 Cr | ₹31.45 Cr | - |
| Current Liabilities | ₹18.64 Cr | ₹18.76 Cr | ₹23.69 Cr | ₹33.42 Cr | ₹33.42 Cr | ₹29.8 Cr | ₹37.1 Cr | ₹38.86 Cr |
| Total Liabilities | ₹25.52 Cr | - | ₹35.34 Cr | ₹47.11 Cr | ₹47.11 Cr | ₹46.55 Cr | ₹45.63 Cr | - |
| Metrics | FY 2026 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Operating Cash Flow | -₹60.44 Lakh | ₹7.09 Cr | ₹2.3 Cr | -₹5.25 Cr |
| Investing Cash Flow | ₹0 | ₹11.31 Lakh | ₹3.04 Cr | ₹88.33 Lakh |
| Financing Cash Flow | ₹0 | -₹7.29 Cr | -₹6.4 Cr | ₹3.55 Cr |
| Capital Expenditure | ₹0 | ₹0 | ₹1.35 Lakh | ₹9.06 Lakh |
| Free Cash Flow (computed) | -₹60.44 Lakh | ₹7.09 Cr | ₹2.29 Cr | -₹5.34 Cr |
| Dividends Paid | ₹0 | ₹4.77 Cr | ₹0 | ₹0 |
| Net Change in Cash | -₹60.44 Lakh | -₹8.45 Lakh | -₹1.06 Cr | -₹81.73 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Other Income | ₹0 | ₹18,000 | ₹13.05 Lakh | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Income | ₹0 | ₹18,000 | ₹13.05 Lakh | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹0 | ₹0 | ₹13.33 Lakh | ₹0 | ₹0 | ₹64,000 | ₹1.28 Lakh | ₹0 |
| Finance Costs | ₹0 | ₹1,000 | ₹0 | ₹0 | ₹5,000 | ₹1,000 | ₹29,000 | ₹57,000 |
| Depreciation & Amortisation | ₹0 | ₹0 | ₹0 | - | - | - | ₹8.45 Lakh | ₹8.45 Lakh |
| Other Expenses | ₹1.31 Lakh | ₹2.4 Lakh | ₹58.16 Lakh | - | ₹3.66 Lakh | ₹51,000 | ₹2.08 Lakh | ₹4.86 Lakh |
| Total Expenses | ₹1.31 Lakh | ₹2.41 Lakh | ₹71.49 Lakh | ₹0 | ₹3.71 Lakh | ₹9.61 Lakh | ₹12.1 Lakh | ₹13.88 Lakh |
| Profit Before Exceptional Items & Tax | -₹1.31 Lakh | -₹2.23 Lakh | -₹58.44 Lakh | - | - | - | -₹12.1 Lakh | -₹13.88 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹1.74 Lakh | - | - | - | ₹5.29 Lakh | -₹38.42 Lakh |
| Profit Before Tax | -₹1.31 Lakh | -₹2.23 Lakh | -₹56.7 Lakh | ₹0 | -₹17.55 Cr | -₹30.01 Lakh | -₹6.81 Lakh | -₹52.3 Lakh |
| Total Tax Expense | ₹0 | ₹0 | ₹0 | ₹0 | -₹2.27 Lakh | ₹0 | ₹0 | ₹0 |
| Net Profit | -₹1.31 Lakh | -₹2.23 Lakh | -₹56.7 Lakh | ₹0 | -₹17.52 Cr | -₹30.01 Lakh | -₹6.81 Lakh | -₹52.3 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | - | - | - | ₹0 | ₹0 |
| Total Comprehensive Income | -₹1.31 Lakh | -₹2.23 Lakh | -₹56.7 Lakh | - | - | - | -₹6.81 Lakh | -₹52.3 Lakh |
| EBITDA (computed) | -₹1.31 Lakh | -₹2.22 Lakh | -₹58.44 Lakh | - | - | - | -₹3.36 Lakh | -₹4.86 Lakh |
| Basic EPS | ₹-0.01 | ₹-0.02 | ₹-0.51 | - | - | - | ₹-0.06 | ₹-0.47 |
| Diluted EPS | ₹-0.01 | ₹-0.02 | ₹-0.51 | - | - | - | ₹-0.06 | ₹-0.47 |
Shareholding Pattern of Advance Syntex Limited
As per the shareholding pattern filed with BSE for the quarter ended Sep 2025, promoters hold 59.76%, retail and other public shareholders hold 40.24% of Advance Syntex Limited. The company had 1,349 shareholders on record.
| Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 59.76% | 59.76% | 59.76% | 59.76% | 59.76% | 59.69% |
| Public | 40.24% | 40.24% | 40.24% | 40.24% | 40.24% | 40.31% |
| Mar 2025 | Mar 2024 | Mar 2023 | |
|---|---|---|---|
| Promoters | 59.76% | 59.76% | 59.76% |
| Public | 40.24% | 40.24% | 40.24% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | - |
Charges & Borrowings of Advance Syntex Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Aug 2020 | Others | ₹46.92 Lakh | Open |
| 31 Aug 2020 | Others | ₹15.08 Lakh | Open |
| 29 Aug 2020 | Others | ₹14.52 Lakh | Open |
| 17 Aug 2020 | Others | ₹25.93 Lakh | Open |
| 24 Jun 2020 | Axis Bank Limited | ₹75 Lakh | Open |
Total charge records: 19 View all charges
Employees and EPFO Compliance at Advance Syntex Limited
Advance Syntex Limited has a workforce of 8 employees as of Apr 09, 2024.
Employee and EPFO history for Advance Syntex Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Advance Syntex Limited
GST registrations and filing compliance for Advance Syntex Limited
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Credit Ratings, Litigation & Regulatory Alerts for Advance Syntex Limited
Credit ratings, litigation, and regulatory alerts for Advance Syntex Limited
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MSME Payment Delays by Advance Syntex Limited
MSME payment history for Advance Syntex Limited
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Subsidiaries & Group Companies of Advance Syntex Limited
Corporate group structure for Advance Syntex Limited
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MCA Filings & Documents of Advance Syntex Limited
MCA filings and documents for Advance Syntex Limited
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Recent Activity on Advance Syntex Limited
Frequently Asked Questions about Advance Syntex Limited
Advance Syntex Limited is an active public limited company in the chemicals and materials sector based in Vadodara, Gujarat, India. It was incorporated on 21 September 1990 (36+ years old) and is registered under CIN L17119GJ1990PLC014406. Listed on BSE: 539982. The company has 8 employees.
The current directors of Advance Syntex Limited are:
- Nandishkumar Vinodray Gandhi - Director
- Praful Ramanlal Pandya - Director
- Himeshbhai Ochchhavlal Shah - Director
- Darshana Devang Vora - Whole-Time Director
- Bhavan Vora - Managing Director
- Ashish Govindlal Shukla - Director
- Ronojoy Basu - Director
The primary industry of Advance Syntex Limited is chemicals and materials. The company specifically operates in specialty chemicals. The company is currently active in this sector.
Yes. Advance Syntex Limited is listed on BSE with code 539982.
Advance Syntex Limited can be reached at the registered office: 2332 & 2382 G I D C Por Ramangamdi, Vadodara, Gujarat, India – 391243, or through the website midasglitter.com.
The authorised capital is ₹11.5 Cr, and the paid-up capital is ₹11.1 Cr.