Yarn Syndicate Converts 14 Lakh Partly Paid Shares to Fully Paid

Yarn Syndicate Ltd announced the conversion of 14,02,576 partly paid-up equity shares into fully paid-up equity shares following the receipt of the final call money. The company had previously issued notices to shareholders for the payment of Rs. 13.50 per share (including Rs. 5.00 face value and Rs. 8.50 premium) during the period of June 8-22, 2026. This conversion is a step in the right issue process, with the Board of Directors approving the conversion in their meeting held on July 1, 2026. The company had initially obtained in-principle approval for 1,80,00,000 partly paid-up equity shares.