Outcome of Board Meeting held on Monday, March 09, 2026
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The Board of Directors of Yarn Syndicate Ltd, at its meeting on March 9, 2026, approved making the first and final call on partly paid-up equity shares issued on a rights basis. The call is for 50% of the issue price of ₹27 per share, amounting to ₹13.50 per share (₹5 towards paid-up value and ₹8.50 towards premium). The company has fixed Friday, March 27, 2026 as the record date to identify eligible shareholders who will receive the call notice. The call money payment window will be open from April 6, 2026 to May 5, 2026. This relates to a rights issue made pursuant to the Letter of Offer dated January 25, 2024, and shareholders holding partly paid-up shares will need to pay the balance amount during this window.
Eligible shareholders holding partly paid-up equity shares must pay ₹13.50 per share between April 6 and May 5, 2026, or risk forfeiture of shares. Failure to pay the call money could dilute their holdings or result in loss of shares, while prompt payment will fully convert their partly paid shares into fully paid-up equity shares.