Yarn Syndicate: No fund deviation in Q2 FY27 Right Issue

Yarn Syndicate Limited has filed a statement confirming no deviation or variation in the utilization of funds raised through its Rights Issue for the quarter ended September 30, 2026. The total amount raised was ₹189.35 Lakhs (₹1.89 Crore). The funds were allocated to Acquisition of Equity Shares in Stitched Textiles Limited (₹2534.50 Lakhs), Incremental Working Capital (₹1350.00 Lakhs), and General Corporate Purpose (₹800.00 Lakhs). As of the reporting quarter, ₹2443.17 Lakhs have been utilized, with a minor unutilized amount of ₹0.67 Lakhs for Incremental Working Capital. The Audit Committee reviewed and found no issues.