Yarn Syndicate Ltd. — Capital/Financing Update 2024

May 3, 2024

YARN SYNDICATE LIMITED

CIN: L51109WB1946PLC013842

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

Date : 3[rd] May, 2024

To, BSE Limited Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai – 400 001.

Dear Sir / Madam,

Sub: Statement on Deviation or Variation of funds under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Ref: Security Id: YARNSYN / Code: 514378

Pursuant to Regulation 32 of the SEBI Listing Regulations and SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, please note that there are no deviation(s) or variation(s) in respect of the utilization of the proceeds of the Right issue of the Company during the Quarter ended on 31[st] March, 2024, as mentioned in the object clause of the Final Letter of Offer dated 25[th] January 2024, please find enclosed herewith a statement in this regard.

A statement confirming that there is no deviation or variation in the utilization of these proceeds is enclosed herewith.

This is for your information and records please.

Thanking You,

For, Yarn Syndicate Limited

RAVI Digitally signed by RAVI NIRANJAN PANDYA DN: c=IN, o=Personal, postalCode=382007, st=Gujarat, NIRANJAN serialNumber=5A3C885AD34A1DE76C47EA38DFCE4294405ACAFC4086CD3F2A023CCD79B 0EAE4, cn=RAVI NIRANJAN PANDYA PANDYA Date: 2024.05.03 13:42:57 +05'30' Ravi Niranjan Pandya Managing Director DIN: 09509086

Corporate Office: Shop No 128 Supemall-2 GH-0 Circle Infocity, Sector 7, Gandhinagar, Gujarat, India, 382007

CIN: L51109WB1946PLC013842

YARN SYNDICATE LIMITED

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

STATEMENT OF DEVIATION OR VARIATION IN UTILIZATION OF FUNDS RAISED:

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Name of listed entity Yarn Syndicate Limited
Mode of Fund Raising Rights Issue
Date of Raising Funds 25-01-2024
Amount Raised 4684.50 Lakhs
Report filed for Half Year ended 31-03-2024
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable Not Applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in Not Applicable
terms of a contract or objects, which was approved
by the Unitholders
If Yes, Date of Unitholders Approval Not Applicable
Explanation for the Deviation / Variation Not Applicable
Comments of the Audit Committee after review None
Comments of the auditors, if any None
Set forth below are objects for which funds have been raised in the Right Issue and details of deviation,
if any, in the following table:
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Original Object Modified Original allocation of Estimated Modified Funds Amount of Remark
Object, if Allocation Money As per deployment Allocation, Utilized (₹ Deviation/ s if any
any As per Application in if any in Lakh) Variation
LOF (₹ in Money FY 2024-25 for Quarter
Lakh) Received (₹ in (Rs. in according to
Lakh) Lakhs) applicable
object
Acquisition of No 2534.5 1984.50 550.00 - 1984.5 No Shares
Equity Shares in deviation are
Stitched Textiles partly
Limited Paid
Incremental No 1350 0.00 1350.00 - 0.00 Shares
Working Capital are
partly
Paid
General Corporate No 800 270.00 530.00 - 270 no Shares
Purpose deviation are
partly
Paid
Total 4684.50 2254.50 2430.00 2254.5
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Corporate Office: Shop No 128 Supemall-2 GH-0 Circle Infocity, Sector 7, Gandhinagar, Gujarat, India, 382007