Yarn Syndicate Ltd — Important, 16-05-2026: Company Update

Yarn Syndicate Limited announced that Mr. Rahul Hareshbhai Modi has resigned as an Independent Director due to pre-occupation and other professional commitments, effective May 16, 2026. He has also stepped down from all company committees where he served as a chairman or member. The company confirmed there are no other material reasons for his resignation. This change impacts the board's composition and committee structure, relevant for corporate governance and shareholder oversight.