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 Ltd has revised the Record Date for identifying holders of partly paid-up equity shares (issued on a rights basis) who will receive the First and Final call notice. The new Record Date is Friday, April 10, 2026, pushed back from the earlier date of March 27, 2026. The Call Payment Period has also been revised to May 4, 2026 – May 18, 2026 (from the previous April 6 – May 5, 2026). The company has cited prevailing unfavourable market conditions as the reason for the postponement. Shareholders who subscribed to the rights issue now have additional time to arrange and make the remaining call payment.
Investors holding partly paid-up rights shares get extra time to pay the balance amount, which is positive for those needing liquidity. However, the reason cited (unfavourable market conditions) and the postponement may signal weak subscription or collection momentum for the rights issue, which could be mildly negative for sentiment.