Yarn Syndicate Ltd. — Board/Management Information 2023

Feb 13, 2023

YARN SYNDICATE LIMITED

EXPORTERS OF COTTON AND MANMADE FIBRE YARNS, TEXTILES & KNITED FABRICS CIN NO.: L51109WB1946PLC013842 REGD. OFFICE : 86/2/4, S N BANERJEE ROAD, 1ST FLOOR, FLAT NO. 2, KOLKATA – 700 014 TELEPHONE: 033-22652163 WEBSITE : www.yarnsyndicate.in E-MAIL : ysl@yarnsyndicate.in

Date : 13.02.2023

The General Manager Corporate Relationship Dept. BSE limited 1st Floor, New Trading Ring Rotunda Building P J Towers Dalal Street, Fort Mumbai – 400 001

Sub: Intimation of Appointment and Resignation of Independent Director

Dear Sirs,

- 1. Appointment of Additional Director (Non Executive, Independent)

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, We are pleased to inform you that the Board of Directors of the Company in their meeting held today and on recommendation of Nomination and remuneration Committee has appointed MR. NANDISH SHAILESHBHAI JANI (DIN: 09565657) as an Additional Director (Non-Executive & Independent) on the Board of Directors of the Company w.e.f., Monday, 13[th] February, 2023 to hold office for a term of 5 (five) consecutive years upto 12[th] February, 2028, subject to the approval of the shareholders in the General Meeting pursuant to Section 149, 150, 152 read with Schedule IV and Section 161(1) read with Companies (Appointment and Qualification of Directors) Rules, 2014 and other applicable provisions, sections, rules of the Companies Act, 2013 (including any statutory modifications or re-enactment thereof for the time being in force).

- 2. Resignation of Independent Director (Non Executive)

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 and Para A of Part A of Schedule III to the said Regulations, we wish to inform that MR. KISHORELAL CHHABRIA (DIN: 00306069) has resigned from the position of Non-Executive Independent Director of the Company with effect from close of business hours on 13[th] February, 2023, due to time constraint, he will not able to devote sufficient time on the Board of the Company. Further, there is no other material reason other than stated above for his resignation.

YARN SYNDICATE LIMITED

EXPORTERS OF COTTON AND MANMADE FIBRE YARNS, TEXTILES & KNITED FABRICS CIN NO.: L51109WB1946PLC013842 REGD. OFFICE : 86/2/4, S N BANERJEE ROAD, 1ST FLOOR, FLAT NO. 2, KOLKATA – 700 014 TELEPHONE: 033-22652163 WEBSITE : www.yarnsyndicate.in E-MAIL : ysl@yarnsyndicate.in

The relevant details of such appointment and resignation as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 are given as ANNEXURE –A

You are requested to take the above on record and oblige.

Thanking you,

For YARN SYNDICATE LIMITED

BIKASH Digitally signed by BIKASH CHANDRA CHANDRA CHATTERJI Date: 2023.02.13 CHATTERJI 16:13:36 +05'30' Bikash Chandra Chatterji Company Secretary Membership No. A6411

YARN SYNDICATE LIMITED

EXPORTERS OF COTTON AND MANMADE FIBRE YARNS, TEXTILES & KNITED FABRICS CIN NO.: L51109WB1946PLC013842 REGD. OFFICE : 86/2/4, S N BANERJEE ROAD, 1ST FLOOR, FLAT NO. 2, KOLKATA – 700 014 TELEPHONE: 033-22652163 WEBSITE : www.yarnsyndicate.in E-MAIL : ysl@yarnsyndicate.in

Annexure - A

Disclosure of information pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015.

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Sl. Particulars Details of Appointment Details of Resignation
No.
1. Name of Director and DIN NANDISH SHAILESHBHAI JANI KISHORELAL CHHABRIA
(DIN: 09565657) (DIN: 00306069)
Reason for change viz. Appointed Mr. NANDISH Resignation
2. appointment, resignation, SHAILESHBHAI JANI (DIN:
removal, death or otherwise 09565657)
Additional Director (Non–
Executive, Independent) subject
to approval of the shareholders
in General Meeting
Date of Appointment Monday, 13 [th] February, 2023 Resignation w.e.f. 13th
February, 2023 (close of
2 business hours)
Term of appointment Consecutive term of 5 years
with effect from Monday, 13th
February, 2023
subject to approval of the
shareholders in General
Meeting
Brief Profile Mr. NANDISH SHAILESHBHAI NA
3. (in case of appointment) JANI is a B.Com Graduate from
Aroma College of Commerce. He
has vast knowledge in the field
of Strategy Management and
Business Management and also
enhance the associate
personnel to prepare them to
take up the challenges of
business management and
leadership roles. He has
experience of more than 10
years in field of finance and
superior product knowledge to
effectively recommend
financing options and other
products to Customers.
Disclosure of relationships Mr. NANDISH SHAILESHBHAI NA
4 between Directors (in case JANI is not related to any
of appointment) Director/ Promoter of the
Company
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YARN SYNDICATE LIMITED

EXPORTERS OF COTTON AND MANMADE FIBRE YARNS, TEXTILES & KNITED FABRICS CIN NO.: L51109WB1946PLC013842 REGD. OFFICE : 86/2/4, S N BANERJEE ROAD, 1ST FLOOR, FLAT NO. 2, KOLKATA – 700 014 TELEPHONE: 033-22652163 WEBSITE : www.yarnsyndicate.in E-MAIL : ysl@yarnsyndicate.in

5. Information as required Mr. NANDISH SHAILESHBHAI NA pursuant to BSE circular JANI is not debarred from with ref No holding the office of by virtue of LIST/COMP/14/2018-19 nay SEBI order or any other and the National Stock such authority Exchange of India Ltd with ref No NSE/CM/2018/24 dated June 20, 2018

For YARN SYNDICATE LIMITED

BIKASH Digitally signed by BIKASH CHANDRA CHANDRA CHATTERJI Date: 2023.02.13 CHATTERJI 16:13:56 +05'30'

Bikash Chandra Chatterji Company Secretary Membership No. A6411