Intimation under Regulation 30 of SEBI (Listing obligation and Disclosure Requirement Regulations, 2015)
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Yarn Syndicate Limited's Board of Directors has approved the appointment of Mr. Burhanuddin Hakimuddin Lokhandwala as an Additional Non-Executive Independent Director effective 25th May 2026 for a term of 5 years, subject to shareholder approval. The new director has 3 years of experience in accounting, financial analysis, and corporate governance. Additionally, the company has reconstituted both its Audit Committee and Nomination and Remuneration Committee, with Mr. Burhanuddin being appointed as a member to both committees alongside Ms. Nidhi Bansal serving as Chairperson in both.
This is a routine governance update with a positive signal as the company strengthens its board with an additional independent director. The appointment brings fresh expertise in finance and governance, which could be viewed favorably by investors. No immediate impact on stock price expected from this announcement.