Submission of Unaudited Standalone and Consolidated Financial Statement along with Limited Review Report for the quarter ended 30.06.2026
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 06 Aug 2026, 06:51 PM IST · BSE ID: bfdef3bb-539f-425a-affd-b375b327bfab
View Original BSE Filing (PDF)
💡
In Simple Terms
The company confirmed that money raised from its 2024 special share sale was used as planned, except for funds linked to unfully paid shares.
🤖 AI Summary
- Yarn Syndicate Limited confirmed no deviation in Rights Issue fund utilization for the quarter ended June 30, 2026.
- The company raised 4684.50 Lakhs through a Rights Issue on January 25, 2024.
- Funds were designated for Acquisition of Equity Shares, Incremental Working Capital, and General Corporate Purpose.
- An amount of 2254.50 Lakhs has been utilized from the Rights Issue proceeds.
- Unutilized funds are attributed to partly paid-up shares that are not yet converted to fully paid-up.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Amount Raised (Rights Issue)
4684.50 Lakhs
Funds Utilized (total)
2254.50 Lakhs
Acquisition of Equity Shares in Stitched Textiles Limited (Utilized)
1984.50 Lakhs
Incremental Working Capital (Utilized)
0.00 Lakhs
General Corporate Purpose (Utilized)
270.00 Lakhs
🏢 How This Affects the Company
The company has fully utilized 2254.50 Lakhs of the Rights Issue proceeds. Unutilized funds are linked to partly paid-up shares, impacting immediate cash availability from these specific proceeds.
The confirmation of no deviation in fund utilization mitigates financial transparency risks associated with capital raising activities. The presence of partly paid-up shares represents a pending financial process.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this fund utilization statement.
👤
Who Is Affected
Shareholders who participated in the January 2024 Rights Issue are affected as the company has clarified the utilization status of the 4684.50 Lakhs raised. Shareholders holding partly paid-up shares will be affected by future calls for their conversion.
🔍
Management Signal
The filing signals management's adherence to regulatory compliance regarding fund utilization and transparency in reporting the status of capital raised via rights issue.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q2 FY27 unaudited financial results — review operational and financial performance.
Announcement regarding conversion of partly paid-up shares — observe impact on fund availability.
Further updates on utilization of remaining Rights Issue funds — assess deployment for business objectives.
LOW RISK
The filing reports compliance with fund utilization, indicating no new immediate financial or operational risks.
💡 Investor Takeaway
Yarn Syndicate confirmed no deviation in the utilization of 4684.50 Lakhs from its January 2024 Rights Issue for the quarter ended June 30, 2026. Of this, 2254.50 Lakhs has been utilized, with remaining funds linked to partly paid-up shares.
⚖️ Strengths & Concerns
✅ Positives
- Confirmation of no deviation in the utilization of 4684.50 Lakhs raised through the Rights Issue, demonstrating compliance with Regulation 32.
- Full utilization of 2254.50 Lakhs of the Rights Issue proceeds for stated objects as of June 30, 2026.
⚠️ Concerns
- A portion of the Rights Issue funds remains unutilized due to partly paid-up shares not yet converted, impacting the full deployment of 2430.00 Lakhs allocated.
- Incremental Working Capital object received 0.00 Lakhs utilization as of June 30, 2026, with an original allocation of 1350.00 Lakhs.
❓ Frequently Asked Questions
What was the total amount raised by Yarn Syndicate Limited through its Rights Issue?
Yarn Syndicate Limited raised 4684.50 Lakhs through a Rights Issue conducted on January 25, 2024.
Was there any deviation in the utilization of Rights Issue funds by Yarn Syndicate Limited for the quarter ended June 30, 2026?
No, Yarn Syndicate Limited confirmed there was no deviation or variation in the utilization of the Rights Issue funds for the quarter ended June 30, 2026.
How much of the Rights Issue funds have been utilized by Yarn Syndicate Limited?
Out of the 4684.50 Lakhs raised, 2254.50 Lakhs has been utilized, with remaining funds linked to partly paid-up shares.
Why are some Rights Issue funds not yet fully utilized by Yarn Syndicate Limited?
Some Rights Issue funds are yet to be fully utilized because they are due from partly paid-up shares that have not yet converted into fully paid-up shares.
Questions based on this BSE filing only. For information purposes.