Yarn Syndicate Ltd (514378)

Yarn Syndicate Limited has submitted its quarterly statement under Regulation 32 of SEBI LODR for the period ended September 30, 2026. The company confirmed nil deviation or variation in the utilization of proceeds raised from its Rights Issue. As per the letter of offer, total original allocation across objects was ₹4,684.50 lakhs, against which ₹2,443.17 lakhs has been utilized so far, with ₹0.67 lakhs remaining unutilized under incremental working capital. Key deployments include ₹1,984.50 lakhs for acquiring equity shares in Stitched Textiles Limited and ₹188.67 lakhs for working capital.

• Nil deviation or variation reported in the utilization of Rights Issue proceeds for the quarter ended September 30, 2026
• Total funds allocated across original objects stood at ₹4,684.50 lakhs, with ₹2,443.17 lakhs utilized to date
• ₹1,984.50 lakhs utilized out of ₹2,534.50 lakhs allocated for the acquisition of equity shares in Stitched Textiles Limited
• ₹188.67 lakhs utilized out of ₹1,350.00 lakhs allocated for incremental working capital, leaving ₹0.67 lakhs unutilized
• ₹270.00 lakhs utilized out of ₹800.00 lakhs allocated towards general corporate purposes

Yarn Syndicate Ltd has scheduled a Board of Directors meeting on Tuesday, October 27, 2026. The board will consider issuing a last and final Reminder-cum-Forfeiture notice for unpaid call money on partly paid-up equity shares from its January 25, 2024 rights issue. In addition, the trading window remains closed for designated persons pending the declaration of financial results for the quarter and half-year ended September 30, 2026. With a market cap of approximately ₹17 Cr and TTM revenue of ₹32 Cr, non-payment of calls could lead to share forfeiture and slight share capital adjustments.

• Board meeting scheduled for Tuesday, October 27, 2026
• Meeting to consider last and final Reminder-cum-Forfeiture notice for outstanding call money
• Partly paid-up shares relate to the Rights Issue Letter of Offer dated January 25, 2024
• Trading window closed until 48 hours after release of Q2 FY27 unaudited financial results

Yarn Syndicate Limited has received trading approval from BSE Limited for 5,000 equity shares of face value Rs. 10 each. These shares were converted from partly paid-up to fully paid-up status following the company's application on September 18, 2026. BSE has confirmed that trading in these converted shares will commence effective September 30, 2026. Given the company's market capitalization of approximately Rs 17 crore, the addition of 5,000 shares is negligible in size.

• Received BSE trading approval for 5,000 equity shares of Rs. 10 each
• Shares converted from partly paid-up to fully paid-up equity shares
• Trading effective date confirmed as September 30, 2026
• Approval letter reference LOD/Rights/NJ/TA-PPtoFP/241/2026-27 dated September 29, 2026

Yarn Syndicate Limited has submitted the Scrutinizer's Report for its 80th Annual General Meeting held on August 24, 2026. Shareholders approved all 8 agenda resolutions, including the adoption of FY26 financial statements and director appointments. Crucially, ordinary resolutions approving material related-party transactions (RPTs) with entities including Stitched Textile Limited, Brand Cluster LLP, Vax Enterprise Private Limited, and Varvee Global Limited were passed with 99.9986% affirmative votes.

• 80th AGM concluded on August 24, 2026 via Video Conferencing
• Material related-party transactions approved with 8,237,614 to 8,237,615 votes in favour (~99.9986%)
• M/s Jitendra Parmar & Associates appointed as Secretarial Auditor for a 5-year term
• Regularization of Burhanuddin Hakimuddin Lokhandwala as Non-Executive Independent Director approved

Yarn Syndicate Limited has appointed Ms. Riddhiben Bipinchandra Shah as its Company Secretary and Compliance Officer effective August 19, 2026. The decision was approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee during a meeting held on August 19, 2026. Ms. Shah is a qualified Company Secretary with B.Com and LL.B. degrees and over 2 years of secretarial compliance experience.

• Appointment of Ms. Riddhiben Bipinchandra Shah as CS and Compliance Officer effective 19th August, 2026
• Board meeting conducted on 19th August, 2026 from 4:00 p.m. to 4:30 p.m.
• Appointee holds B.Com and LL.B. qualifications with over 2 years of compliance experience

Yarn Syndicate Ltd has received trading approval from BSE for 13,97,576 equity shares that have been converted from partly paid-up to fully paid-up status. These shares, with a face value of Rs. 10 each, are eligible for trading effective from August 10, 2026. This follows the company's application for conversion submitted on August 4, 2026. This is a procedural step following the completion of call money payments or a rights issue process.

• 13,97,576 equity shares converted from partly paid-up to fully paid-up status
• Trading approval effective from August 10, 2026, as per BSE notice
• Face value of the converted shares is Rs. 10 per share
• Application for trading approval was filed on August 4, 2026

Yarn Syndicate has confirmed zero deviation in the utilization of proceeds from its ₹46.85 Cr Rights Issue (dated Jan 2024) for the quarter ended June 30, 2026. To date, ₹22.545 Cr has been utilized, primarily for the acquisition of equity shares in Stitched Textiles Limited (₹19.845 Cr) and general corporate purposes (₹2.70 Cr). A significant portion of ₹24.30 Cr remains unutilized, which the company attributes to partly paid-up shares not yet being converted to fully paid-up. This fundraise is highly material as the total issue size is approximately 1.46x the company's current market capitalization of ₹32 Cr.

• Total Rights Issue size of ₹46.845 Cr raised on January 25, 2024
• ₹22.545 Cr utilized as of June 30, 2026, with zero deviation from stated objects
• ₹19.845 Cr deployed for the acquisition of equity shares in Stitched Textiles Limited
• ₹24.30 Cr remains unutilized due to the status of partly paid-up shares
• Zero funds were raised during the current quarter ended June 30, 2026

Yarn Syndicate Ltd has submitted its Q1 FY27 financial results along with a status update on its Rs 46.85 crore Rights Issue initiated in January 2024. As of June 30, 2026, the company has utilized Rs 22.54 crore, primarily for acquiring equity in Stitched Textiles Limited (Rs 19.84 crore). A significant balance of Rs 24.30 crore remains unutilized as the shares are currently partly paid-up. This fundraise is highly material, representing approximately 146% of the company's current market capitalization of Rs 32 crore.

• Total Rights Issue size of Rs 46.845 Cr, significantly exceeding the current market cap of Rs 32 Cr
• Rs 19.845 Cr utilized for the acquisition of equity shares in Stitched Textiles Limited
• Rs 24.30 Cr remains unutilized due to the status of partly paid-up shares not yet fully converted
• Zero utilization of the Rs 13.50 Cr allocated for incremental working capital as of the reporting date
• Promoter holding remains critically low at 5.47% as per the latest financial context

Yarn Syndicate Ltd approved its Q1 FY27 results and appointed M/s. Umesh Khese & Co. as Internal Auditor for FY 2026-27. The company provided a status update on its January 2024 Rights Issue of Rs 46.85 Cr, which is significantly larger than its current market cap of Rs 32 Cr. To date, Rs 22.55 Cr has been utilized, primarily for acquiring equity in Stitched Textiles Ltd (Rs 19.85 Cr). The remaining Rs 24.30 Cr is pending utilization as the rights shares remain partly paid-up.

• Rights Issue of Rs 46.85 Cr is approximately 1.46x the company's current market capitalization of Rs 32 Cr.
• Rs 19.85 Cr has been successfully deployed for the acquisition of equity shares in Stitched Textiles Limited.
• Rs 24.30 Cr remains unutilized because the rights issue shares are currently in a partly paid-up state.
• Appointment of M/s. Umesh Khese & Co. as Internal Auditor for the 2026-27 financial year.
• Company confirmed zero deviation in the utilization of funds from the objects stated in the Letter of Offer.

Yarn Syndicate Ltd has announced the closure of its Register of Members and Share Transfer Books from August 17, 2026, to August 24, 2026, for its 80th Annual General Meeting (AGM). The cut-off date for determining shareholder eligibility for e-voting is set for August 17, 2026. This is a standard regulatory procedure for small-cap companies (Market Cap: Rs 30 Cr) to facilitate annual shareholder voting. Investors should note the low promoter holding of 5.47% when reviewing upcoming AGM resolutions.

• Book closure period set from August 17, 2026, to August 24, 2026 (inclusive)
• Cut-off date for e-voting eligibility is August 17, 2026
• Cut-off date for sending AGM notices was July 24, 2026
• The event pertains to the company's 80th Annual General Meeting

Yarn Syndicate Ltd has scheduled a board meeting for August 6, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026. This follows a volatile fiscal year where quarterly revenue fluctuated significantly, dropping from Rs 24.94 Cr in June 2025 to just Rs 2.73 Cr in March 2026. With a small market capitalization of Rs 29 Cr and a low promoter holding of 5.47%, the upcoming results are critical for assessing the company's operational stability. The company reported a thin TTM PAT of Rs 1 Cr and negative operating margins of -0.5%.

• Board meeting scheduled for August 6, 2026, to approve Q1 FY27 results.
• Company reported a sharp revenue decline to Rs 2.73 Cr in the previous quarter (Mar 2026).
• Promoter holding remains low at 5.47% as of March 2026.
• TTM revenue stands at Rs 56 Cr with a marginal net profit of Rs 1 Cr.
• Operating profit margin (TTM) is currently negative at -0.5%.

Yarn Syndicate Ltd has convened its 80th Annual General Meeting (AGM) for August 24, 2026, to adopt FY26 financial statements and seek shareholder approvals. Key agenda items include the regularization of Mr. Burhanuddin Lokhandwala as an Independent Director for five years and the appointment of a new Secretarial Auditor through FY31. Crucially, the company is seeking approval for material Related Party Transactions (RPT) with M/s. Stitched Textile Limited. Given the company's small market cap of Rs 29 Cr and low promoter holding of 5.47%, these governance and RPT approvals are significant for minority shareholders.

• 80th Annual General Meeting scheduled for August 24, 2026, at 3:00 P.M. via Video Conferencing.
• Proposed appointment of Mr. Burhanuddin Hakimuddin Lokhandwala as Independent Director for a 5-year term ending May 2031.
• New Secretarial Auditor, M/s. Jitendra Parmar & Associates, proposed for a 5-year tenure from FY27 to FY31.
• Seeking shareholder approval for material Related Party Transactions with M/s. Stitched Textile Limited.
• FY26 annual performance recorded revenue of Rs 55.56 Cr and a net profit of Rs 0.95 Cr.

Yarn Syndicate Limited has filed its 80th Annual Report for FY25-26, confirming annual revenue of ₹55.56 crore and a net profit of ₹0.95 crore. The company has scheduled its AGM for August 24, 2026, to seek shareholder approval for the reappointment of directors and a new secretarial auditor for a five-year term. A significant agenda item involves approving material related party transactions with Stitched Textile Limited. The company continues to operate with thin margins (OPM -0.56%) and a very low promoter holding of 5.47%.

• FY26 Revenue reached ₹55.56 crore, representing a ~12% increase over FY25's ₹49.61 crore
• Net Profit decreased to ₹0.95 crore in FY26 from ₹1.37 crore in FY25
• 80th AGM scheduled for August 24, 2026, via video conferencing
• Proposed 5-year appointment of M/s. Jitendra Parmar & Associates as Secretarial Auditors starting FY27
• Promoter holding remains stagnant and low at 5.47% as of March 2026

Yarn Syndicate Ltd has scheduled its 80th Annual General Meeting (AGM) for August 24, 2026, to be conducted via video conferencing. The Board has recommended the appointment of M/s. Jitendra Parmar & Associates as Secretarial Auditors for a five-year term spanning FY 2026-27 to 2030-31. This appointment is subject to shareholder approval at the upcoming AGM. The company currently operates with a small market capitalization of ₹29 Cr and a notably low promoter holding of 5.47%.

• 80th Annual General Meeting (AGM) scheduled for August 24, 2026, at 3:00 P.M.
• Appointment of M/s. Jitendra Parmar & Associates as Secretarial Auditor for a 5-year term (FY 2026-27 to 2030-31).
• Board meeting conducted on July 31, 2026, lasting 1 hour from 3:00 P.M. to 4:00 P.M.
• Company reported TTM revenue of ₹56 Cr against a market cap of ₹29 Cr.