Yarn Syndicate Ltd — Important, 10-03-2026: Company Update

Yarn Syndicate has successfully closed its Rights Issue, with 666 valid applications resulting in the allotment of 75.34 lakh equity shares. This represents 97.74% of the total issue size. The company received applications for up to 75.81 lakh shares, but 1.47 lakh applications were rejected due to technical reasons. The issue, priced at ₹35 per share, aimed to raise approximately ₹26.98 crore. Allotment advice and share credits to demat accounts are expected soon, with trading anticipated to commence around March 11. This completion strengthens the company's equity base and provides clarity for investors on their shareholdings.