Please find the attached Outcome of Board Meeting.
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YOGI Limited's board, at its meeting on 12 August 2025, approved the re-appointment of Mr. Parth Shashikant Kakadiya (retiring by rotation) and appointed three auditors: M/s. Nishant Bajaj & Associates as Secretarial Auditor (FY 2025-26 to FY 2029-30), M/s. G.K. Choksi & Co. as Statutory Auditor (till FY 2030-31 AGM), and M/s. Mohan L Gupta & Associates as Internal Auditor for FY 2025-26. The board approved a major 5x increase in borrowing and lending limits — from Rs. 100 Crore to Rs. 500 Crore — across Sections 180, 185, and 186, subject to shareholder approval at the upcoming 33rd AGM. The company will invest approximately Rs. 3 crore to acquire 100% of Yogi Homes Private Limited, making it a wholly owned subsidiary in the real estate sector. Material related party transactions were also approved with several group entities (Yogi Star LLP, Farewell Real Estate, Yogi Realtors LLP, etc.) with annual limits of up to Rs. 50 crore per entity. Revision in remuneration of the Managing Director and Whole Time Director was also approved, subject to shareholder nod.
Shareholders should watch for the upcoming 33rd AGM where special resolutions on the substantial limit hikes (5x in borrowing and lending capacity) and director remuneration revisions will require their approval. The Rs. 3 crore acquisition of a related-party real estate firm is relatively small but signals expansion into real estate, while the sharp increase in borrowing limits could lead to higher leverage going forward.