Intimation of revision of record date for the purpose of ascertaining the holders of partly paid up equity shares issued on right basis to whom the first and final call notice would be sent
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Yarn Syndicate Limited has revised its record date for identifying holders of partly paid-up equity shares issued on a rights basis. The record date has been pushed from Friday, 10th April 2026 to Friday, 15th May 2026. The call payment period has also been rescheduled, now opening on 8th June 2026 and closing on 22nd June 2026. The company cited prevailing unfavourable market conditions as the reason for these changes. The board approved these revisions at a meeting held on 7th April 2026.
The revision delays the first and final call notice for rights shareholders due to unfavourable market conditions, which may impact the timing of capital inflow from the rights issue.