Enclosed herewith Notice of EOGM of Yash Trading and Finance Limited
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Awaiting price reaction for this filing.
Yash Trading and Finance Limited has called an EGM on 15 May 2025 at 3:00 PM via video conferencing, with a cut-off date of 8 May 2025 for e-voting eligibility. The key proposal is a preferential allotment of 70 lakh equity shares (face value Rs. 10) at Rs. 12 each, raising Rs. 8.4 crore from 23 non-promoter allottees. Importantly, 5 of these allottees will together receive 43 lakh shares (about 43% of the enhanced capital), which will trigger a change of management and a mandatory open offer under SEBI Takeover Regulations. Other items include increasing authorized share capital from Rs. 3 crore to Rs. 10 crore, regularising Mr. Vishvajitsinh Dilipsinh Jadeja as Managing Director (3-year term), and appointing four Independent Directors (5-year terms each).
Existing shareholders will face significant dilution from the preferential issue, and the company is set to undergo a change of management with new promoters taking control post open offer. The stock may see volatility around the EGM outcome and open offer process.