Yarn Syndicate Limited submitted a regulatory disclosure to BSE Limited pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure concerns decisions taken by the Board of Directors in their meeting held on 25th May 2026.

Key Decisions and Appointments

1. Appointment of Director: The Board approved the appointment of Mr. Burhanuddin Hakimuddin Lokhandwala (DIN: 11705597) as an Additional Non-Executive and Independent Director of the Company, effective from 25th May 2026. This appointment was made on the recommendation of the Nomination and Remuneration Committee.

2. Reconstitution of Audit Committee: The Audit Committee was reconstituted pursuant to Section 177 of the Companies Act, 2013 and Regulation 18 of SEBI LODR. The new composition is:

  • Chairperson: Ms. Nidhi Bansal (Non-Executive Independent Director)
  • Member: Mr. Burhanuddin Hakimuddin Lokhandwala (Non-Executive Independent Director)
  • Member: Mr. Ravi Niranjan Pandya (Executive Director)

3. Reconstitution of Nomination and Remuneration Committee: The Nomination and Remuneration Committee was reconstituted pursuant to Section 178 of the Companies Act, 2013 and Regulation 19 of SEBI LODR. The new composition is:

  • Chairperson: Ms. Nidhi Bansal (Non-Executive Independent Director)
  • Member: Mr. Burhanuddin Hakimuddin Lokhandwala (Non-Executive Independent Director)
  • Member: Mr. Tarachand Gangasahay Agrawal (Non-Executive Non-Independent Director)

Details of New Director Appointment (Annexure A)

  • Name: Mr. Burhanuddin Hakimuddin Lokhandwala
  • DIN: 11705597
  • Designation: Additional Non-Executive and Independent Director
  • Reason for Change: Appointment effective 25th May 2026 for a period of 5 years, subject to shareholder approval.
  • Brief Profile: Mr. Lokhandwala is described as a dedicated and aspiring finance professional with a strong academic background in commerce and financial management. He has 3 years of experience in accounting, financial analysis, and corporate governance. He is currently enhancing his expertise through advanced professional qualifications.
  • Date of Appointment: 25th May 2026
  • Director Relationships: Not applicable (NA) as disclosed.
  • Debarment Status: The company affirms that to the best of their knowledge, Mr. Lokhandwala is not debarred from holding the office of director by virtue of any SEBI order or any other authority.

Financial Impact

No financial impact is quantified in the disclosure. The changes are related to corporate governance structure.