Announcement Under Regulation 30 (LODR) - Outcomes of Board Meeting for Allotment.
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Yash Innoventures Limited (formerly Redex Protech Limited) has allotted 93,08,800 equity shares to 7 shareholders of Yash Shelters Limited pursuant to an NCLT Ahmedabad bench order dated March 27, 2025, sanctioning the Scheme of Amalgamation. As part of the merger, 2,90,900 equity shares of Yash Shelters stand cancelled. The biggest allottee is Mr. Gnanesh Bhagat (Managing Director) who received 92,80,000 shares, with the remaining 6 allottees receiving between 3,200 and 12,800 shares each. The board meeting concluded at 5:30 PM on April 17, 2025.
This allotment finalises the merger of Yash Shelters into Yash Innoventures, expanding the company's share capital and consolidating ownership. Existing shareholders of Yash Shelters (predominantly the promoter group) become direct shareholders of Yash Innoventures, which may lead to modest dilution and a change in the shareholding structure of the listed entity.