Yash Innoventures Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/06/2026 ,inter alia, to consider and approve acceptance of unsecured loan(s) ....
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Yash Innoventures Ltd has informed BSE that its Board of Directors will meet on 13th June 2026 to consider accepting an unsecured loan of up to Rs. 10 crore from its Managing Director, Mr. Gnanesh Rajendrabhai Bhagat. The loan will carry an interest rate of 8% per annum, with repayment to be made in instalments as approved by the Board. The company (formerly known as Redex Protech Limited, BSE code 523650) has filed this intimation under SEBI Listing Regulations. No other major business items are on the agenda apart from routine matters with the chair's permission.
This is a promoter-driven funding action where the MD is personally lending to the company at a moderate 8% interest rate. For shareholders, it signals promoter confidence and provides working capital support without dilution, though the loan will create a repayment obligation for the company.