yarn syndicate has appointed Mr. Burhanuddin Hakimuddin Lokhandwala as an Additional Non-Executive and Independent Director effective May 25, 2026. The appointment is for a period of five years subject to the approval of shareholders. The decision was taken during a Board meeting held on May 25, 2026, at the company's registered office in Ahmedabad.

The appointment follows the recommendation of the Nomination and Remuneration Committee. Mr. Lokhandwala brings three years of experience in accounting, financial analysis, and corporate governance to the role. The company affirmed that the appointee is not debarred from holding the office of director by any SEBI order or other authority.

Consequent to the appointment, the Board has reconstituted its key committees. The Audit Committee, formed under Section 177 of the Companies Act, 2013 and Regulation 18 of the SEBI (LODR) Regulations, 2015, now includes Ms. Nidhi Bansal as Chairperson, Mr. Burhanuddin Hakimuddin Lokhandwala as Member, and Mr. Ravi Niranjan Pandya as Member.

The Nomination and Remuneration Committee has also been reconstituted under Section 178 of the Companies Act, 2013 and Regulation 19 of the SEBI (LODR) Regulations, 2015. Ms. Nidhi Bansal continues as the Chairperson, with Mr. Burhanuddin Hakimuddin Lokhandwala serving as a Member. Mr. Tarachand Gangasahay Agrawal is also a Member of this committee.

Committee Composition

The disclosures were made to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Yarn Syndicate Limited has informed the stock exchanges regarding the resignation of Mr. Rahul Hareshbhai Modi from its Board. Mr. Modi served as an Independent Director and his resignation is effective from the close of business hours on May 16, 2026. The company stated that the decision was driven by pre-occupation and other professional commitments.

As a result of this resignation, Mr. Modi has stepped down from all the Committees of the company in which he held the position of Chairman or Member. The company confirmed that there are no other material reasons for the resignation beyond those cited in his resignation letter. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The following table outlines the key details regarding the director's resignation and his current directorships in listed entities:

Mr. Modi also holds directorships in other listed companies. His external roles include a position as an Independent Director at Oceanic Foods Limited, where he is a member of three board committees. At Yarn Syndicate Limited, he was a member of two board committees prior to his resignation.