Please find the attached File for Statement of Deviation for quarter ended 31st March, 2025
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Yogi Limited has filed a routine compliance statement under SEBI Listing Regulations confirming how it used the money raised through a preferential issue. The company allotted 1.5 crore convertible warrants on 27 December 2024 (raising Rs. 12 crore) and subsequently issued 1.09 crore equity shares on 27 March 2025 upon conversion of those warrants (raising Rs. 26.30 crore), bringing the total to Rs. 38.30 crore. The stated purpose of the funds was to improve market share, enhance shareholder value, meet working capital needs and strengthen the company's financial position. As of 31 March 2025, the company reports NIL utilisation of the raised funds and confirms there has been no deviation from the originally disclosed purpose. The audit committee and auditors have raised no comments, and no monitoring agency was required for this issue.
This is a routine compliance disclosure and not a material event. Shareholders should note that the entire Rs. 38.30 crore raised remains undeployed as of 31 March 2025, which is normal for recently raised capital but is worth tracking in subsequent quarters to ensure timely use towards the stated objectives.