Description

BSE advises trading members not to deal in partly paid equity shares of Yarn Syndicate Ltd. from 15 May 2026, as the company has fixed a record date to ascertain holders eligible for the First and Final Call of Rs. 13.50 per share.

Summary

BSE has issued a notice (No. 20260514-8) informing trading members that Yarn Syndicate Ltd. (Scrip Code: 890197) has fixed a record date of 15 May 2026 to identify holders of partly paid-up equity shares issued on a rights basis. These shareholders will receive a First and Final Call notice. Accordingly, trading in the partly paid equity shares of the company is prohibited from 15 May 2026 under Settlement No. DR-631/2026-2027.

Key Points

  • Yarn Syndicate Ltd. has fixed 15 May 2026 as the record date for its partly paid equity shares
  • The record date is for ascertaining shareholders eligible to receive the First and Final Call notice
  • The call amount is Rs. 13.50 per share (Face Value: Rs. 5.00 + Securities Premium: Rs. 8.50)
  • Trading members are advised not to deal in the partly paid equity shares (Scrip Code: 890197) from 15 May 2026
  • The no-dealings instruction is tied to Settlement No. DR-631/2026-2027

Regulatory Changes

No permanent regulatory changes. This is a temporary trading restriction under BSE’s standard corporate action protocol for partly paid shares when a record date is fixed for a call notice.

Compliance Requirements

  • Trading Members must immediately cease dealings in the partly paid equity shares of Yarn Syndicate Ltd. (Scrip Code: 890197) effective 15 May 2026
  • Members must take note of Settlement No. DR-631/2026-2027 in their records
  • Non-compliance with the no-dealings advisory could result in regulatory action by BSE

Important Dates

  • Notice Date: 14 May 2026
  • Record Date: 15 May 2026
  • No Dealings Effective From: 15 May 2026
  • Settlement Number: DR-631/2026-2027

Impact Assessment

The impact is limited to holders and traders of the partly paid equity shares of Yarn Syndicate Ltd. (Scrip Code: 890197). Trading in these partly paid shares will be suspended from the record date (15 May 2026) to facilitate accurate identification of eligible shareholders for the First and Final Call of Rs. 13.50 per share. The restriction is temporary and specific to partly paid shares only; fully paid equity shares of the company are not affected. Investors holding partly paid shares should be prepared to pay the call money upon receiving the call notice.

Impact Justification

Temporary trading restriction on a single small-cap scrip's partly paid shares; affects only holders of partly paid equity shares of Yarn Syndicate Ltd. and is limited in scope and duration around the record date.