YARN SYNDICATE LTD.

Yarn Syndicate Ltd has announced the closure of its trading window for all designated persons and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will be shut from July 1, 2026, and will reopen 48 hours after the declaration of the un-audited financial results for the quarter ending June 30, 2026. This measure is standard practice to prevent insider trading during periods when sensitive financial information is being finalized.

Yarn Syndicate Ltd has issued a first and final call notice for partly paid-up equity shares from its rights issue. The record date for determining eligible shareholders is May 15, 2026. Shareholders must pay the remaining ₹13.50 per share (₹5 face value, ₹8.50 premium) by June 22, 2026. Failure to pay may result in forfeiture of shares and deduction from future dividends. Trading of these partly paid-up shares will be suspended from May 15, 2026.

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.

YARN SYNDICATE LIMITED announced the appointment of Ms. Shrasti Dubey as the Company Secretary and Compliance Officer, effective May 28, 2026. The Board of Directors approved her appointment based on the recommendation of the Nomination and Remuneration Committee. Ms. Dubey is a B.Com graduate and an Associate Member of the Institute of Company Secretaries of India (Membership No: A75085). She possesses 1.6 years of experience in secretarial compliances and corporate governance, having completed 21 months of professional training. Her expertise covers the Companies Act, SEBI regulations, and other regulatory compliances, ensuring a strong understanding of corporate governance.

Yarn Syndicate Limited (514378) has submitted its Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. The company also confirmed that its Statutory Auditor, M/s. SSRV & Associates, Chartered Accountants, Ahmedabad, has issued an Un-Modified Opinion on these financial results and the accompanying audit report. This submission is in compliance with Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

YARN SYNDICATE LIMITED's Board of Directors, in a meeting held on May 28, 2026, approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. Concurrently, Ms. Shrasti Dubey was appointed as the Company Secretary and Compliance Officer, effective immediately. Ms. Dubey, an Associate Member of ICSI, brings 1.6 years of experience in secretarial compliances and corporate governance.

Yarn Syndicate Ltd. has appointed Mr. Burhanuddin Hakimuddin Lokhandwala as an Additional Non-Executive and Independent Director, effective May 25, 2026. This decision was based on the recommendation of the Nomination and Remuneration Committee. The company also announced the re-constitution of its Audit Committee and Nomination and Remuneration Committee, detailing the members and their designations. Mr. Lokhandwala's appointment is for a term of 5 years, subject to shareholder approval. The company affirms that Mr. Lokhandwala is not debarred from holding the office of director by any SEBI order or other authority.

Yarn Syndicate Ltd has announced a Board of Directors meeting scheduled for May 28, 2026, to consider and approve the audited financial results for the quarter and year ended March 31, 2026, along with the audit report. The meeting will also address other business matters as per the circulated agenda.

Yarn Syndicate Ltd's board meeting on May 25, 2026, approved the appointment of Mr. Burhanuddin Hakimuddin Lokhandwala as an Additional Non-Executive and Independent Director, effective the same date. The board also reconstituted the Audit Committee and the Nomination and Remuneration Committee, with changes in membership and leadership roles. Mr. Lokhandwala's appointment is subject to shareholder approval and is for a term of 5 years.

Rahul Hareshbhai Modi (DIN: 09483841) has resigned from his position as an Independent Director of Yarn Syndicate Ltd, effective from the closure of business hours on May 16, 2026. The resignation is attributed to pre-occupation and other professional commitments. Consequently, he has stepped down from all committees of the company where he served as Chairman/Member. The company confirms there are no other material reasons for his resignation beyond those stated in his resignation letter.