Yarn Syndicate Limited Board Meeting Scheduled for March 9, 2026 to Consider First & Final Call on Partly Paid-up Equity Shares

Yarn Syndicate Limited has announced a board meeting scheduled for Monday, March 9, 2026, to consider making the first and final call on outstanding partly paid-up equity shares. The announcement comes as part of the company's ongoing rights issue process that was initially approved in September 2023. Board Meeting Details The board meeting will primarily focus on making the first and final call on the company's partly paid-up equity shares. The meeting agenda includes consideration of any other matters with the chairman's permission. Meeting Details: Information Date: Monday, March 9, 2026 Primary Agenda: First & Final call on partly paid-up equity shares Secondary Agenda: Other matters with chairman's permission Equity Shares Information The board will consider the call on 1,80,00,000 partly paid-up equity shares that were previously allotted to eligible shareholders. These shares were issued as part of a rights offering process. Share Details: Specifications Number of Shares: 1,80,00,000 Share Type: Partly paid-up equity shares Allotment Date: February 27, 2024 Issue Basis: Rights Issue Letter of Offer Date: January 25, 2024 Trading Window Closure In compliance with SEBI regulations, the company has announced the closure of its trading window for dealing in securities. This closure is effective immediately and will remain in place until 48 hours after the conclusion of the board meeting. The measure aligns with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. Regulatory Compliance The board meeting notification has been made under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The rights issue process follows the provisions of the Companies Act, 2013, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company's board had initially approved the rights issue in September 2023, targeting eligible equity shareholders in accordance with applicable laws and regulations. Yarn Syndicate Limited has announced its unaudited financial results for the quarter ended December 31, 2025, demonstrating a strong recovery in financial performance. The textile trading and manufacturing company's Board of Directors approved the results at their meeting held on February 13, 2026. Standalone Financial Performance The company's standalone results for Q3 FY26 showed significant improvement across key metrics: Metric Q3 FY26 Q2 FY26 Q3 FY25 Change (QoQ) Change (YoY) Revenue from Operations ₹1,194.13 lacs ₹1,594.46 lacs ₹1,562.08 lacs -25.11% -23.56% Other Income ₹35.48 lacs ₹119.78 lacs ₹(0.31) lacs -70.38% - Total Revenue ₹1,229.61 lacs ₹1,714.24 lacs ₹1,561.77 lacs -28.26% -21.27% Net Profit ₹376.98 lacs ₹(307.62) lacs ₹64.55 lacs - +484.08% The company achieved a remarkable turnaround from the previous quarter's loss of ₹307.62 lacs to a profit of ₹376.98 lacs in Q3 FY26. This represents a substantial year-over-year improvement of 484.08% compared to the ₹64.55 lacs profit in Q3 FY25. Nine-Month Performance Overview For the nine months ended December 31, 2025, Yarn Syndicate demonstrated strong overall performance: Parameter Nine Months FY26 Nine Months FY25 Change (%) Revenue from Operations ₹5,282.32 lacs ₹1,694.89 lacs +211.63% Net Profit ₹168.04 lacs ₹25.65 lacs +555.26% Earnings Per Share (Basic) ₹1.32 ₹0.20 +560.00% The nine-month results highlight the company's exceptional growth trajectory, with revenue from operations increasing by over 211% and net profit growing by more than 555% compared to the corresponding period in the previous year. Consolidated Results Show Enhanced Performance The consolidated financial results, which include the performance of associate company Stitched Textile Limited, showed even stronger performance: Metric Q3 FY26 Consolidated Q3 FY26 Standalone Difference Net Profit ₹500.00 lacs ₹376.98 lacs +₹123.02 lacs Earnings Per Share (Basic) ₹3.92 ₹2.96 +₹0.96 The consolidated net profit of ₹500.00 lacs includes a share of profit of ₹123.02 lacs from the associate company, demonstrating the positive contribution from strategic partnerships. Financial Structure and Capital Details Yarn Syndicate maintains a stable capital structure with paid-up equity share capital of ₹1,275.00 lacs and a face value of ₹10.00 per share. The company's earnings per share for Q3 FY26 stood at ₹2.96 on both basic and diluted basis, compared to ₹0.51 in the corresponding quarter of the previous year. Business Operations and Compliance The company operates primarily in trading and manufacturing of textiles, including job work services. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) and were reviewed by the statutory auditors S S R V & Associates. The results received approval from both the Audit Committee and the Board of Directors, ensuring compliance with regulatory requirements under SEBI Listing Regulations. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. 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