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Yarn Syndicate informs about outcome of board meeting

23 Jan 2024 Evaluate
Pursuant to second proviso to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Yarn Syndicate has informed that the Board of Directors in consultation with the Rights Issue Committee in their meeting held today 23rd January, 2024 at the Corporate Office of the Company situated at Shop No 128 Supemall-2 GH-0 Circle, Infocity, Gandhinagar -382007, Gujarat, which commenced at 1:00 pm and concluded at 2:10 pm has considered and approved issue of 1,80,00,000 Equity Shares of face value of Rs 10.00 each for cash at an Issue Price of Rs 27.00 per Equity Share aggregating up to Rs 48,60,00,000 to all the existing eligible Equity shareholders of the Company on Rights (‘Rights Issue’). The brief term of Rights Issue is approved by the Board is attached as Annexure -I. Further, this announcement is submitted to the reference of Board meeting held on 29th September, 2023 and the link of the earlier announcement is https://www.bseindia.com/xmldata/corpfiling/AttachHis/7be9a7a5-a4e1-41c6-893a-3fc29770528c.pdf.

The above information is a part of company’s filings submitted to BSE.

Yarn Syndicate Share Price

15.30 0.49 (3.31%)
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