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.

Yarn Syndicate Limited has officially announced the resignation of Mrs. Shwetambery Khurana from her position as Company Secretary and Compliance Officer, effective from the closure of business hours on April 30, 2026. The company submitted formal intimation to BSE Limited on April 7, 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details and Documentation

Mrs. Khurana, holding ICSI Membership No. A22840, tendered her resignation on April 7, 2026, citing personal reasons for her departure. The resignation was formally communicated through proper regulatory channels, ensuring compliance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Regulatory Compliance and Transition

In her resignation letter, Mrs. Khurana expressed gratitude to the Board of Directors and colleagues for the valuable professional experience gained during her tenure. She specifically confirmed that there are no material reasons for her resignation other than the personal reasons mentioned in her formal communication.

The outgoing Company Secretary has committed to ensuring a smooth transition of responsibilities and will extend full cooperation during the handover process. The company will need to file necessary forms, including Form DIR-12, with the Registrar of Companies to formalize the resignation.

Corporate Information and Authorization

The formal communication was digitally signed by Director Tarachand Gangasahay Agrawal (DIN: 00465635) on April 7, 2026, ensuring proper authorization and transparency in the process. The notification was sent to BSE Limited with reference to Security Id: YARNSYN / Code: 514378.

The company has fulfilled its disclosure obligations under the applicable SEBI regulations, providing detailed documentation including the resignation letter and compliance matrix as required under the listing regulations. This ensures transparency and proper governance during the key managerial personnel transition.