Yarn Syndicate Ltd Approves Conversion of Partly Paid-Up Equity Shares to Fully Paid-Up Status
Yarn Syndicate Ltd's Board of Directors approved the conversion of partly paid-up equity shares into fully paid-up equity shares following the collection of the First and Final Call Money. This decision was made at a meeting held on July 1, 2026.The approval followed earlier announcements where notices were issued to eligible shareholders for the payment of the first and final call money pertaining to their partly paid-up equity shares. The company had requested payment of Rs 13.50 per partly paid-up equity share during the call money payment period, which spanned from June 8, 2026, to June 22, 2026. This amount comprised ₹ 5.00 towards face value and ₹ 8.50 towards premium.
In light of this collection, the Board confirmed the conversion of 14,02,576 Partly Paid-Up Equity Shares into Fully Paid-Up Equity Shares upon receipt of the First and Final Call Money.
The company provided a reconciliation statement detailing the status of these shares:
| Particulars | Details |
|---|---|
| No. of Partly Paid-up Equity Shares for which principle approval was obtained from Stock Exchanges | 1,80,00,000 |
| Total No. of Partly Paid-up Equity Shares allotted | 1,80,00,000 |
| Number of Partly Paid-up Shares converted into Fully Paid Shares on receipt of payment towards First and Final Call | 14,02,576 |
Stock Price Movement
Yarn Syndicate Ltd. settled on Wednesday at ₹16.16, ticking up 0.69% in post-market trading. Shares experienced a wide intraday swing, moving between a low of ₹14.50 and a high of ₹16.39.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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