Enclosed herewith EGM Outcome and Proceeding of the meeting held on 15.05.2025 at 3:00 PM through VC
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Yash Trading and Finance Limited held its Extra-Ordinary General Meeting (EGM) on May 15, 2025 via video conferencing, which concluded in just 12 minutes. Eight members attended out of 140 total shareholders on the cut-off date. Shareholders approved a preferential issue of 70 lakh equity shares at Rs. 10 face value with a Rs. 2 premium to non-promoters. They also approved increasing the authorized share capital to Rs. 10 crore (1 crore equity shares of Rs. 10 each), with the MOA amended accordingly. Several director appointments were regularized, including Mr. Vishvajitsinh Dilipsinh Jadeja as Managing Director and four new Independent Directors (Mrs. Aakansha Vaid, Mr. Amarendra Mohapatra, Mr. Akhil Nair, and Mr. Shitalbhai Patel). Detailed voting results and scrutinizer's report will be filed separately within the regulatory time frame.
The preferential allotment to non-promoters will dilute existing shareholders' stakes and bring in new capital, while the authorized capital increase provides room for future fundraising. The extensive board restructuring signals a potential change in business direction or management overhaul at this small-cap company.