Yarn Syndicate Limited has issued a last and final reminder-cum-forfeiture notice to holders of partly paid-up equity shares regarding outstanding first and final call money payments. The notice concerns partly paid-up equity shares (Rights Equity Shares) allotted on a rights basis pursuant to the Letter of Offer dated January 25, 2024.

The Board of Directors approved this action at its meeting held on October 27, 2026. This follows a First and Final Call Money Notice dated June 4, 2026, that called for payment of ₹13.50 per partly paid-up equity share (comprising ₹5.00 towards face value and ₹8.50 towards securities premium).

Key Details

  • Payment Period: Monday, 2nd November, 2026 to Monday, 16th November, 2026 (15 days inclusive)
  • Amount Due: ₹13.50 per partly paid-up equity share
  • Payment Mode: Online portal only (https://rights.cameoindia.com/yarncallmoney1) through net banking or UPI
  • Record Date: Friday, May 15, 2026

Consequences of Non-Payment

If the outstanding call money is not received by November 16, 2026, the Board may proceed to forfeit the partly paid-up equity shares in accordance with the Companies Act, 2013, SEBI ICDR Regulations (2018), the Articles of Association of the Company, and the terms of the Letter of Offer. No further reminders will be issued.

Share Conversion Process

For shares where payment is made during the payment period, the Board may opt to convert ₹5 partly paid-up equity shares to ₹10 fully paid-up equity shares. This conversion would:

  • Occur in tranches at the Board's discretion
  • Be credited to ISIN: INE564C01013
  • Be completed on a best-effort basis within 2-3 weeks after Board approval
  • Require payment only once per demat account (multiple payments will be rejected)

Trading Status

The trading in ISIN: IN9564C01011 representing partly paid-up equity shares of face value of ₹5 each has been suspended by the Stock Exchange with effect from Friday, 15 May 2026.

Additional Instructions

  • Cash payments and part payments will not be accepted
  • Payments using third-party bank accounts will be rejected
  • Shareholders must ensure their demat account details match the online portal registration
  • PAN must be linked with Aadhaar as per CBDT notification dated February 13, 2020
  • Excess/duplicate payments will be refunded to the registered bank account