EGM Outcome, Proceeding and Disclosure under Regu. 30 of SEBI (LODR) Regulations, 2015.
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Yash Trading and Finance Limited held an Extraordinary General Meeting on 15th May 2025 via video conferencing, which wrapped up in just 12 minutes (3:00 PM to 3:12 PM). Out of 140 total shareholders on the cut-off date, only 8 attended the meeting. All 8 resolutions were passed, including a special resolution to allot 70 lakh equity shares at Rs. 12 each (Rs. 10 face value + Rs. 2 premium) to non-promoters, potentially raising around Rs. 8.4 crore. An ordinary resolution raised the authorised share capital to Rs. 10 crore (1 crore equity shares of Rs. 10 each). Six directors were appointed or regularised, with Mr. Vishvajitsinh Dilipsinh Jadeja being named Managing Director and four new Independent Directors joining the board. Detailed voting results and the scrutiniser's report will be filed within the statutory deadline.
The preferential issue to non-promoters will dilute existing shareholders' stakes and brings in roughly Rs. 8.4 crore of fresh capital, while the jump in authorised capital to Rs. 10 crore signals room for further fundraising. The sweeping board overhaul, including a new Managing Director and four Independent Directors, points to a significant change in the company's leadership and future direction.