Yarn Syndicate Ltd — Updates, 30-05-2025: Company Update

Yarn Syndicate Limited has announced a board meeting on the financial results for the quarter and half-year. The company confirms no deviation or variation in the utilization of funds raised through its rights issue of ₹46.85 Cr in January 2024. Funds have been deployed as planned for acquiring equity shares in Stitched Textiles Limited, incremental working capital, and general corporate purposes, although some shares remain partly paid. No additional funds were raised in the recent quarter, and no proceeds are pending utilization, reflecting disciplined capital management and transparency for shareholders.