Yarn Syndicate Ltd has received trading approval from the Bombay Stock Exchange (BSE) for 5,000 equity shares converted from partly paid-up to fully paid-up status. The shares will be available for trading effective September 30, 2026.

The company submitted an application on September 18, 2026, requesting permission for the newly converted securities. The BSE confirmed the approval in a letter dated September 29, 2026, notifying that trading members are permitted to trade in these specific securities from the specified date.

Approval Details

The regulatory clearance allows for the seamless transition of these shares into the active trading segment. The following table outlines the key parameters of the approved securities:

Regulatory Compliance

This intimation was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company’s Director, Tarachandbhai Agrawal, signed the communication to the exchange. The BSE also referenced Notice No. 20260929-37 issued to trading members regarding this development.

Yarn Syndicate Limited shareholders overwhelmingly approved the company’s audited financial statements for FY26 and several related-party transactions at its 80th Annual General Meeting on August 24, 2026. The meeting was conducted through Video Conferencing or Other Audio-Video Means (VC/OAVM), commencing at 3:11 pm and concluding at 3:32 pm.

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 Results

The consolidated scrutinizer report submitted to BSE Limited on August 26, 2026, revealed robust shareholder support across all agenda items. Out of 21,750,000 total equity shares held, 8,237,727 votes were polled, representing a 37.87% turnout. A total of 9,260 shareholders were on record as of August 17, 2026, with 45 public shareholders attending via video conferencing.

Promoter and promoter group shareholders, holding 1,190,534 shares, voted 100% in favor of all resolutions. Public non-institutional shareholders, holding 20,559,466 shares, cast 7,047,193 votes (34.28% participation), with over 99.99% voting in favor for each resolution.

Invalid Votes

The scrutinizer report highlighted significant invalid votes, primarily due partly paid-up shares where call amounts were due but unpaid. Additionally, votes from Jaimin Gupta (97,054 shares) and Kresha Gupta (19,011 shares) were declared invalid for related-party transaction resolutions as they are related parties to those specific deals.

Note: Invalid vote counts vary slightly by resolution due to specific related-party exclusions.

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 have now been officially filed with the stock exchanges.