Yarn Syndicate Limited announced that the Board of Directors of the Company in their meeting on recommendation of Nomination and remuneration Committee has appointed MR. NANDISH SHAILESHBHAI JANI as an Additional Director (Non-Executive & Independent) on the Board of Directors of the Company w.e.f., Monday, 13 February, 2023 to hold office for a term of 5 (five) consecutive years upto 12th February, 2028. The company also informed that MR. KISHORELAL CHHABRIA has resigned from the position of Non-Executive Independent Director of the Company with effect from close of business hours on 13 February, 2023, due to time constraint, he will not able to devote sufficient time on the Board of the Company. Further, there is no other material reason other than stated above for his resignation.