Yarn Syndicate Limited concluded its 80th Annual General Meeting on August 24, 2026. The meeting, held via video conferencing, saw shareholders approve the company’s audited financial statements for FY26 alongside several special resolutions concerning board composition and related-party transactions.

Ravi Niranjan Pandya, Managing Director, chaired the proceedings after Tarachandbhai Agrawal, Chairperson, was unable to deliver the opening speech. Pandya confirmed the requisite quorum was present before commencing the agenda.

Key Resolutions Passed

The primary business of the meeting involved the adoption of financial results and governance matters. Shareholders voted on the following ordinary resolutions:

• Adoption of the Audited Standalone and Consolidated Financial Statements for the year ended March 31, 2026, along with the Board and Auditors’ reports.
• Reappointment of Mithleshkumar Agrawal (DIN: 03468643) as a director, who retires by rotation.
• Appointment of Jitendra Parmar & Associates as Secretarial Auditor for a five-year term.

Special Business

The meeting addressed several special resolutions aimed at regularizing appointments and approving ongoing business relationships.

The regularization of Mr. Lokhandwala’s appointment highlights a corrective governance step, while the approval of multiple related-party transactions underscores the company’s integrated operational structure within its textile ecosystem.

Voting Process

Members who had not cast their votes via remote e-voting were permitted to vote through the NSDL e-voting portal for 30 minutes following the conclusion of the physical meeting. The consolidated results of both remote and ballot voting are expected to be announced within two working days and communicated to the stock exchanges.

The meeting concluded at 3:32 pm after addressing member queries received via email.

Yarn Syndicate Limited has appointed Ms. Riddhiben Bipinchandra Shah as its Company Secretary and Compliance Officer, effective August 19, 2026. The Board of Directors approved the appointment during a meeting held on Wednesday, August 19, 2026, following a recommendation from the company's Nomination and Remuneration Committee.

Ms. Shah holds Membership No. A73164 with the Institute of Company Secretaries of India. She possesses a B.Com. and LL.B. degree and brings more than two years of experience in managing secretarial, statutory, and regulatory compliances for listed entities.

Appointment Details

The appointment aligns with the requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed the outcome of the board meeting to the Bombay Stock Exchange (BSE) on the same day.

Ms. Shah’s professional background includes handling disclosures under the SEBI (LODR) Regulations, 2015, corporate governance requirements, and stock exchange compliances. She is familiar with the Companies Act, 2013, and other applicable rules governing listed companies in India.

The board meeting commenced at 4:00 pm and concluded at 4:30 pm. Tarachand Gangasahay Agrawal, Director of Yarn Syndicate Limited, signed the disclosure letter submitted to the exchange.