Attached herewith Corrigendum to the Notice of EGM
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Yash Trading and Finance Limited has issued a corrigendum to the notice of its Extra-Ordinary General Meeting (EGM) scheduled for May 15, 2025. The corrigendum corrects the pre and post preferential issue shareholding pattern disclosed in the earlier EGM notice dated April 9, 2025. As per the revised shareholding pattern, the company's total share count will expand from 30,00,000 shares to 1,00,00,000 shares following the preferential issue and Share Purchase Agreement (SPA). Five new acquirers/subscribers — Vasantkumar Mangroliya, Madhubhai Vekaria, Pavankumar Trivedi, Vinubhai Vekaria, and Manan Trivedi — will together hold 70,55,100 shares (70.55%) post-issue, while existing promoter Pradeep Kumar Sethy's holding remains at a negligible 100 shares. The existing public shareholders' stake will be diluted to about 29.45%. The corrigendum forms an integral part of the EGM notice and is available on the company's website.
Shareholders should review the revised shareholding pattern before the May 15 EGM, as the corrigendum confirms a significant change in control with 5 new acquirers collectively taking a 70.55% stake via preferential issue and SPA, accompanied by an open offer. Existing public shareholders will see meaningful dilution, and the change in promoter composition could materially affect stock price sentiment and trading activity around the EGM.