Please find the attached Outcome of Board Meeting.
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YOGI Limited's board approved several key items including the re-appointment of Mr. Parth Shashikant Kakadiya as a director (retiring by rotation) and the appointment of new auditors: G.K. Choksi & Co. as Statutory Auditor for 5 years, Nishant Bajaj & Associates as Secretarial Auditor for 5 years, and Mohan L Gupta & Associates as Internal Auditor for FY25-26. The board cleared a Rs. 3 crore investment to acquire 100% stake in Yogi Homes Private Limited, making it a wholly owned subsidiary (related party transaction with common directors). The company also proposed raising borrowing, lending, and investment limits from Rs. 100 crore to Rs. 500 crore each, subject to shareholder approval at the upcoming 33rd AGM. Material related party transactions were approved with six group entities, including Yogi Homes, Yogi Star LLP, Yogi Realtors LLP, and others, with transaction limits up to Rs. 50 crore per entity per year. The board also approved a revision in remuneration for the Managing Director and Whole Time Director.
Multiple shareholder approvals will be sought at the upcoming AGM, including expanded borrowing limits and related party transactions. The acquisition of Yogi Homes as a wholly owned subsidiary signals expansion into real estate, while the auditor changes (especially a new statutory auditor) are routine but worth monitoring for any future audit qualifications.