Yarn Syndicate Ltd. — Board/Management Information 2023

Jul 31, 2023

YARN SYNDICATE LIMITED CIN: L51109WB1946PLC013842 Regd. Office: 86/2/4, S N Banerjee Road 1[st] Floor, Flat No. 2 Kolkata, West Bengal - 700 014 E-mail: ysl@yarnsyndicate.in

Date: 31[st] July, 2023

To, BSE Limited Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai –400 001 Dear Sir / Madam,

Subject: Outcome of Board Meeting held today i.e. 31[st] July, 2023 Ref: Security Id: YARNSYN / Code: 514378

Pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors in their meeting held today i.e. 31[st] July, 2023 at the Registered Office of the Company which commenced at 5:30 P.M. and concluded at 6:30 P.M. inter-alia has:

1. Considered and approved the Directors’ Report of the Company for Financial Year 2022-23 along with Annexure.

2. Considered and approved change in designation of Mr. Ravi Pandya from NonExecutive Director to Managing Director of the Company.

3. Recommended to Change Registered office of the Company from 86/2/4, S N Banerjee Road, 1[st] Floor, Flat No. 2, Kolkata, West Bengal – 700 014, (in the State of West Bengal) to Shop No. 128, Supermall-2, GH-0 Circle, Infocity, Gandhinagar Gujarat – 382 007 i.e. one state to another state Subject to approval of shareholders, Central Government, Registrar of Company and other authority for considering the change.

4. Considered and approved to keep books of account and other relevant books and papers and financial statement at Shop No. 128, Supermall-2, GH-0 Circle, Infocity Gandhinagar Gujarat – 382 007 (i.e. other than registered office).

5. Considered and approved to increase in Authorised Share Capital up to Rs. 22,00,00,000/- by alteration of the Capital clause in the Memorandum of Association of the Company.

6. As per request letter dated 18[th] July, 2023 received from Mr. Rishiraj Patodia, Ms. Sheela Patodia, Mr. Anuj Patodia, Ms. Indu Poddar, Mr. Jayanti Dalmia, Mr. Manoj Kumar Patodia, Mr. Nandita Patodia and M/s. Y S Exports Limited for reclassification of their status from Promoter / Promoter Group to Public Category.

In accordance with regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Listing Regulations) the Board of Directors of the Company at its meeting held today had analyzed considered and then approved the request received from the following persons belonging to Promoter and Promoter Group to reclassify their status from Promoter category to Public category subject to approval of the shareholders in General Meeting and

YARN SYNDICATE LIMITED CIN: L51109WB1946PLC013842

Regd. Office: 86/2/4, S N Banerjee Road 1[st] Floor, Flat No. 2 Kolkata, West Bengal - 700 014

E-mail: ysl@yarnsyndicate.in

subject to approval of concern stock exchange in terms of regulation 31A of the listing regulations.

The details of the above referred persons and their shareholding is as under:

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Sr. Name of Promoter No. of Shares Shareholding
No. (%)
1. Rishiraj Patodia 0 0
2. Sheela Patodia 0 0
3. Anuj Patodia 2400 0.06
4. Indu Chandrakishore Poddar 0 0
5. Jayanti Dalmia 0 0
6. Manoj Kumar Patodia 0 0
7. Nandita Patodia 0 0
8. Y S Exports Ltd 0 0
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1. Decided to hold 77[th] Annual General Meeting of the Company on Thursday, 31[st] August, 2023 at 4.30 P.M. through video conferencing to transact the businesses.

Kindly take the same on your record and oblige us.

Thanking You.

For, Yarn Syndicate Limited

Digitally signed by RAVI RAVI NIRANJAN NIRANJAN PANDYA PANDYA Date: 2023.07.31 18:59:38 +05'30'

Ravi Pandya Director DIN: 09509086