Yarn Syndicate: No Deviation in Rights Issue Funds Utilization

Yarn Syndicate Ltd reports no deviation or variation in the utilization of proceeds from its Rights Issue for the quarter and year ended March 31, 2026, as per Regulation 32 of SEBI Listing Regulations. The funds raised on January 25, 2024, were primarily allocated for acquisition of equity shares in Stitched Textiles Limited, incremental working capital, and general corporate purposes. While the company confirms full utilization of funds, a portion remains unutilized due to partly paid-up shares not yet converted. The company clarifies that it has not raised any funds during the current quarter.