Fresh Wrap, New Lead—Narbaria Takes Charge at Synthiko Foils

India: Synthiko Foils Ltd has announced a significant leadership change by appointing the services of Mr. Abhishek Narbaria as its Additional Managing Director, marking the company's new phase of strategic direction and change of ownership.

 

This appointment follows a recent Share Purchase Agreement (SPA) signed on May 2, 2025, between the company’s promoter group and acquirers Mr. Narbaria and Mr. Umesh Kumar Sahay, who are jointly acquiring a 26% stake in Synthiko Foils Ltd. The move is part of a broader open offer under SEBI’s Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011.

 

What This Means for Synthiko Foils:

Background

Sources: SEBI Public Announcement, MarketScreener, BSE Filing