Outcome of meeting of Board of Director held on Thursday 28th May, 2026.
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Yarn Syndicate Limited held its Board Meeting on May 28, 2026, approving audited financial results for Q4 and FY ended March 31, 2026. Standalone revenue grew 12% to ₹5,555.78 lakhs, but profit after tax declined 31% to ₹94.58 lakhs due to higher raw material costs. Consolidated results show total revenue of ₹5,555.78 lakhs with significantly reduced consolidated loss of ₹52.47 lakhs (vs loss of ₹129.15 lakhs in FY25), helped by equity method accounting for associate Stitched Textiles. However, Stitched Textiles itself reported a loss of ₹295.16 lakhs. The company also appointed Ms. Shrasti Dubey as Company Secretary and Compliance Officer effective same day. Cash position deteriorated sharply from ₹67.87 lakhs to ₹1.63 lakhs, while inventories reduced dramatically from ₹1,703.14 lakhs to ₹27.60 lakhs.
Revenue growth was offset by declining profitability and severely depleted cash reserves. The consolidated loss improvement is positive but the associate company's significant losses and thin cash position are concerning for shareholders.