Yarn Syndicate Ltd — Important, 06-08-2026: Company Update

Yarn Syndicate Limited confirms no deviation in the utilization of funds from its Rights Issue. The company raised 46.85 Cr via a Rights Issue, and these funds are being used as planned. While no new funds were raised this quarter, the company states the previously raised amount is fully utilized, except for the portion corresponding to partly paid-up shares. Of the original allocation, 25.35 Cr for acquiring shares in Stitched Textiles saw 19.85 Cr utilized, 13.50 Cr for working capital is yet to be utilized, and 8.00 Cr for general corporate purposes saw 2.70 Cr used, primarily due to shares being partly paid.