Yarn Syndicate Limited announced that at the board meeting held on May 12, 2023, the company approved the appointment of Mr. Ravi Niranjan Pandya as an Additional Director (Non-Executive) on the Board of Directors of the Company with effect from May 12, 2023 to hold office up to the date of up coming Annual General Meeting of the Company. Mr. Sourav Bhattacharjee has resigned from the position of Non-Executive Independent Director of the Company with effect from close of business hours on 12th May, 2023, due to pre-occupation elsewhere, he will not able to devote sufficient time on the Board of the Company. Ms. Neha Amin Merchant has resigned from the position of Non-Executive Independent Director of the Company with effect from close of business hours on 12th May, 2023, due to time constraint, she will not able to devote sufficient time on the Board of the Company.

Mr. Ravi Niranjan Pandya, has an experience of over Fifteen years. He has been instrumental in taking major policy decisions for Ovatix IT Solutions Private Company wherein he is the Director and Promoter. He is playing vital role in formulating business strategies and effective implementation of the same.

He has managed Business as whole in terms of Sale growth, Business Strategies for Domestic and International markets. His leadership skills are instrumental in leading the core team of the Company.