Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the Annual Report of the 79th Annual General Meeting ....
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Yarn Syndicate Ltd has submitted its 79th Annual Report for FY 2024-25 along with the AGM notice to BSE, in line with SEBI LODR Regulation 34 requirements. The 79th Annual General Meeting is scheduled for Wednesday, September 17, 2025, at 4:00 PM through video conferencing. Shareholders will vote on adopting audited standalone and consolidated financial statements, re-appointing Mr. Tarachand Agrawal as director (retiring by rotation), appointing M/s SSRV & Associates as Statutory Auditor for 4 years (FY 2025-26 to 2028-29), and appointing M/s Jay Pandya & Associates as Secretarial Auditor for 5 years (FY 2025-26 to 2029-30). The company is also seeking approval for material related party transactions with five entities — Stitched Textile Limited, Brand Cluster LLP, Vaxtex Cotfab Limited, Vax Enterprise Private Limited, and Aarvee Denims and Exports Limited — each capped at Rs. 50 crore. The company's FY 2024-25 turnover stood at Rs. 5,415.97 lakhs, making the materiality threshold for related party transactions Rs. 54.16 crore.
This is a routine annual compliance filing, but the multiple related party transaction proposals are notable — each up to Rs. 50 crore across five related entities — and shareholders should review them carefully before voting. The long-term auditor appointments (4-5 year tenures) suggest stability in audit oversight.