Yarn Syndicate MD, chairman and AGM

Yarn Syndicate board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

Managing directorRavi Niranjan Pandya
ChairpersonTarachand Gangasahay Agrawal

5 directors2 independent1 executive2 non-executive

Ravi Niranjan Pandya · Managing directorExecutive · joined May 2023 · reappointed Aug 2023 · 1 listed board · 2 committee seats
Mithleshkumar M AgrawalNon-executive · joined Mar 2025 · reappointed May 2025 · 1 listed board
Tarachand Gangasahay Agrawal · ChairpersonNon-executive · joined Feb 2025 · reappointed Mar 2025 · 2 listed boards · 2 committee seats, 1 as chair
Nidhi BansalIndependent · joined May 2023 · reappointed Aug 2023 · 37 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 1 as chair
Burhanuddin Hakimuddin LokhandwalIndependent · joined May 2026 · reappointed Aug 2026 · 4 months as independent · 1 listed board · 1 as independent · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

3 directors who left

Rahul Hareshbhai Modi, left 16 May 2026: Others
Nandish Shailesh Jani, left 20 Feb 2025: Others
Chetan Kumar Ojha, left 15 Feb 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

Board
- 19 Aug 20265 of 5 present2 independent · 12 days in between
- 6 Aug 20265 of 5 present2 independent · 5 days in between
- 31 Jul 20265 of 5 present2 independent · 29 days in between
- 1 Jul 20265 of 5 present2 independent · 33 days in between
3 earlier meetings
- 28 May 20265 of 5 present2 independent · 2 days in between
- 25 May 20265 of 5 present2 independent · 47 days in between
- 7 Apr 20265 of 5 present2 independent
Audit Committee
Chair Nidhi Bansal
Ravi Niranjan Pandya, Burhanuddin Hakimuddin Lokhandwal
- 6 Aug 20263 of 3 present2 independent · 5 days in between
- 31 Jul 20263 of 3 present2 independent · 63 days in between
- 28 May 20263 of 3 present2 independent · 2 days in between
- 7 Apr 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Nidhi Bansal
Tarachand Gangasahay Agrawal, Burhanuddin Hakimuddin Lokhandwal
- 19 Aug 20263 of 3 present2 independent · 12 days in between
- 28 May 20263 of 3 present2 independent
- 25 May 20263 of 3 present2 independent · 47 days in between
Stakeholders Relationship Committee
Chair Tarachand Gangasahay Agrawal
Nidhi Bansal, Ravi Niranjan Pandya
- 6 Aug 20263 of 3 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

SSRV & ASSOCIATESPeer-review certificate valid to Jun 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Yarn Syndicate AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Yarn Syndicate share news and announcements

Annual general meeting, 24 Aug 2026

9,260 shareholders on the register on 17 Aug 2026; present: 0 promoters and 45 others; votes counted by Jitendra Parmar / Jitendra Parmar & Associates.The company's voting result (opens in a new tab)

To Receive, Consider and Adopt:a. The Audited Standalone Financial Statement of the Company for the financial year ended on 31st March, 2026 together with and Statement of Profit and Loss together with the notes forming part thereof along with Cash Flow Statement for the financial year ended on that date, and the Reports of the Board of Directors ("The Board") and the Auditors thereon. b. The Audited Consolidated Financial Statement of the Company for the financial year ended on 31st March, 2026 and Statement of Profit and Loss Account together with the notes forming part thereof and Cash Flow Statement for the Financial Year ended on that date.MoreLess
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 37.87% · promoters 100.00% · institutions 0.00% · other public 34.28%
To appoint Mr. Mithleshkumar Agrawal (DIN: 03468643), who retires by rotation and being eligible, offers himself for re-appointment.
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 37.87% · promoters 100.00% · institutions 0.00% · other public 34.28%
Regularization of Appointment of Mr. Burhanuddin Hakimuddin Lokhandwala (DIN: 11705597) Director as a Non-Executive & Independent Director of the Company
Special
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 37.87% · promoters 100.00% · institutions 0.00% · other public 34.28%
Appointment of M/s. Jitendra Parmar & Associates, Practicing Company Secretaries, Ahmedabad (FRN: S2023GJ903900) as the Secretarial Auditor of the Company for a Period of Five (5) Years
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 37.87% · promoters 100.00% · institutions 0.00% · other public 34.28%
To Approve Material Related Party Transactions with M/s. Stitched Textile Limited
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 37.87% · promoters 100.00% · institutions 0.00% · other public 34.28%
To Approve Material Related Party Transactions with M/s. Brand Cluster LLP
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 37.87% · promoters 100.00% · institutions 0.00% · other public 34.28%
To Approve Material Related Party Transactions with M/s. Vax Enterprise Private Limited
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 37.87% · promoters 100.00% · institutions 0.00% · other public 34.28%
To Approve Material Related Party Transactions with M/s. Varvee Global Limited
Ordinary
100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 37.87% · promoters 100.00% · institutions 0.00% · other public 34.28%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Dealings with its subsidiaries, promoters, directors and their firms, reported every half-year.Promoters and their stake

Half-year to Mar 2026: ₹10.0 Cr15 dealings
Half-year to Sep 2025: ₹21.1 Cr13 dealings
Half-year to Mar 2025: ₹10.4 Cr12 dealings
Half-year to Sep 2024: ₹1.2 Cr10 dealings
Half-year to Mar 2024: ₹21.0 Cr8 dealings

Between	Dealing
YARN SYNDICATE LIMITED and VAXTEX COTFAB LIMITEDEntity in which director is a promoter	Purchase of goods or services	2.91	0.00	0.00
YARN SYNDICATE LIMITED and BRAND CLUSTER LLPEntity in which director is a partner	Sale of goods or services	2.38	0.00	2.00
YARN SYNDICATE LIMITED and VARVEE GLOBAL LIMITEDEntity in which director is director	Sale of goods or services	2.17	0.17	2.84
YARN SYNDICATE LIMITED and VARVEE GLOBAL LIMITEDEntity in which director is director	Sale of fixed assets	2.13	0.00	0.00
YARN SYNDICATE LIMITED and VAX ENTERPRISE PRIVATE LIMITEDEntity in which director is a promoter	Purchase of goods or services	0.20	6.47	6.68
YARN SYNDICATE LIMITED and SHWETAMBERY KHURANACompany secretary	RemunerationResigned with effect from 30.04.2026	0.08	0.01	0.00
YARN SYNDICATE LIMITED and RAVI NIRANJAN PANDYAManaging Director	Remuneration	0.07	₹35,000	₹35,000
YARN SYNDICATE LIMITED and DHARMESH TRIPATHIChief financial officer	Remuneration	0.06	0.01	0.01
YARN SYNDICATE LIMITED and VARVEE GLOBAL LIMITEDEntity in which director is director	Purchase of goods or services	0.04	−5.56	−6.48
YARN SYNDICATE LIMITED and RAHUL HARESHBHAI MODIIndependent Director	Any other transactionSitting FeesResigned with effect from 16.05.2026.	₹20,000	0.00	0.00
YARN SYNDICATE LIMITED and NIDHI BANSALIndependent Director	Any other transactionSitting Fees	₹20,000	0.00	0.00
YARN SYNDICATE LIMITED and NAMICHAND GANGASAHAY AGRAWALRelative of Director	Loan	0.00	₹50,000	₹50,000
YARN SYNDICATE LIMITED and VAX ENTERPRISE PRIVATE LIMITEDEntity in which director is a promoter	Advance	0.00	2.34	0.44
YARN SYNDICATE LIMITED and VAXTEX COTFAB LIMITEDEntity in which director is a promoter	Sale of goods or services	0.00	3.05	₹22,000
YARN SYNDICATE LIMITED and BRAND CLUSTER LLPEntity in which director is a partner	Loan	0.00	0.50	0.00

The 15 largest of 15 dealings in the half-year to Mar 2026, ₹ crore.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

Tax disputeGSTSince 26 Mar 2025
Appeal Proceedings in Progress
At the filing before: Appeal filed as on date 01st May 2025 against Demand order issued by the Assistant taxation officer as on date 22/01/2025 after physical verification of Goods and Documents. While Verifying the Documents there was the clerical mistake in mentioning IGST amount in E-way Bill and the actual invoice due to which Demand has been raised which includes the Penalty of Rs 7,44,868 which amounts to ten percent of the invoice value and which was paid by company as on date 23/01/2025.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

Received
Resolved

Open at the quarter's end

None open at any quarter's end.

The board is made up as the listing rules require: Yes
The board has a regular chairperson: Yes
The company has a risk management committee: No
The chair is related to the managing director: No
The filing has a part on fines and penalties: No
The filing has a part on tax disputes: Yes
There was a cyber security incident in the quarter: No

The company's own answers in its filing.

Yarn Syndicate board of directors

Committees and meetings

Board

Audit Committee

Nomination and remuneration committee

Stakeholders Relationship Committee