Statement of Deviation and Variation of Funds under Regulation 32 of SEBI (LODR),2015

Yarn Syndicate Ltd has filed a quarterly compliance statement confirming there has been no deviation or variation in the use of proceeds from its Rights Issue conducted on 25 January 2024, which raised Rs. 4,684.50 Lakhs. Out of this, Rs. 1,984.50 Lakhs was allocated toward acquiring equity shares in Stitched Textiles Limited (fully utilized), Rs. 1,350 Lakhs toward incremental working capital (yet to be deployed), and Rs. 800 Lakhs for general corporate purposes (Rs. 270 Lakhs utilized). The company stated that no fresh funds were raised during the quarter ended 30 June 2025 and there are no pending issue proceeds, though some deployment is held back due to partly paid-up shares not yet being converted to fully paid-up.