Statement on Deviation or Variation of funds under Regulation 32 of SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Yarn Syndicate Limited has filed a Statement of Deviation (SOD) confirming there are NO deviations or variations in the utilization of proceeds from a Rights Issue raised on 25th January 2024. The company raised ₹4684.50 Lakhs through this rights issue. As of 31st March 2026, ₹2254.50 Lakhs has been utilized (₹1984.50 Lakhs for acquisition of equity shares in Stitched Textiles Limited, ₹270 Lakhs for general corporate purpose, and ₹0 for working capital). The remaining funds are pending utilization because shares are partly paid-up and not yet converted to fully paid-up status. No funds were raised during the current quarter (Q4 FY26).
This is a routine compliance filing with no negative implications for shareholders. The company has demonstrated transparency by confirming funds are being used as per the stated objects in the Letter of Offer, with minor delays due to partly paid-up share conversions.