Yarn Syndicate Limited has fixed Monday, June 22, 2026, as the last date for the payment of the First and Final Call Money on partly paid-up equity shares issued during the rights issue. The call money is set at ₹13.50 per share, which includes ₹5 towards face value and ₹8.50 towards premium. Shareholders must ensure payment is made on or before the due date to avoid the forfeiture of shares and deductions from future dividends.

The Board of Directors, at its meeting on March 9, 2026, approved the First and Final Call Money. This call pertains to the outstanding balance on partly paid-up equity shares issued during the rights issue that opened on January 24, 2024. The shares were originally allotted at an issue price of ₹27 per share, with ₹13.50 received as application money at the time of allotment on February 27, 2024.

The company has fixed Friday, May 10, 2026, as the record date to determine eligible shareholders for the payment. Trading of the partly paid-up equity shares (ISIN: IN9593A01014) has been suspended on the Stock Exchange effective from the record date, Friday, May 10, 2026. The company has notified BSE Limited regarding the record date and the call notice.

The payment window for the First and Final Call Money is open from Monday, June 8, 2026, to Monday, June 22, 2026. Shareholders can utilize the ASBA facility, either online through Self-Certified Syndicate Banks (SCSBs) or via physical submission at designated branches. Additionally, payments can be made through 3-in-1 online trading accounts offered by brokers.

Consequences for non-payment include the forfeiture of partly paid-up equity shares and the amount already paid thereon. The company reserves the right to deduct outstanding call amounts from any future dividends payable to the shareholder. Detailed instructions and the ASBA application form are available on the company’s website and the registrar’s portal.

Yarn Syndicate Limited has filed its Annual Secretarial Compliance Report for the year ended March 31, 2026, with the stock exchanges. The report, issued by M/s. Jay Pandya & Associates, Practicing Company Secretaries, confirms the company's compliance with the Securities and Exchange Board of India (SEBI) Act, 1992, and the Securities Contracts (Regulation) Act, 1956. While the listed entity largely adhered to the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the report notes a specific instance of non-compliance regarding the Shareholding Data Disclosure (SDD) system on the BSE portal.

The practicing company secretary observed that the status of the company appears as 'SDD Non-compliant' on the BSE website. In response, the management attributed this status to an unforeseen technical issue and data corruption within the existing software system. Consequently, the company was unable to retrieve the necessary data to meet the disclosure requirements. The report states that the company has initiated corrective steps and is currently in the process of installing a new SDD software system to ensure the seamless maintenance of records and continued regulatory compliance.

Compliance Status and Remedial Actions

The audit examined various regulatory frameworks, including the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The report confirms that the company has complied with Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI) and has adopted and updated all applicable policies with board approval. Additionally, the company maintained a functional website with accurate web-links and preserved documents as prescribed under SEBI regulations.

Regarding the observation made in the previous year's report for the year ended March 31, 2025, the company provided records demonstrating compliance with SDD requirements. The management noted that they are in communication with the exchange to resolve the technical matter. The practicing company secretary confirmed that no further comments were necessary regarding the prior observation.

Governance and Disclosures

The report verified that none of the directors of the company are disqualified under Section 164 of the Companies Act, 2013. It also confirmed that the company conducted performance evaluations of the Board, Independent Directors, and Committees as prescribed. All related party transactions obtained prior approval from the Audit Committee, and necessary disclosures under Regulation 30 of the SEBI LODR Regulations were made within the stipulated time limits.

The following table summarizes the key compliance parameters examined during the review period: