Please find the attached Outcome of Board Meeting
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YOGI Limited's board approved several key items on 12 August 2025. These include the re-appointment of Mr. Parth Shashikantbhai Kakadiya as a director (retiring by rotation), and appointment of new statutory auditor (M/s. G.K. Choksi & Co. for 5 years), secretarial auditor (M/s. Nishant Bajaj & Associates for 5 years) and internal auditor (M/s. Mohan L Gupta & Associates for FY26). The board approved acquiring 100% stake in Yogi Homes Private Limited for around Rs. 3 crore, making it a wholly owned subsidiary — this is a related party transaction since the target shares common directors with YOGI. The board also approved material related party transactions with six related entities (such as Yogi Star LLP, Yogi Realtors LLP, etc.) worth up to Rs. 50 crore per entity per annum. Additionally, the board proposed raising borrowing, investment and lending limits from Rs. 100 crore to Rs. 500 crore, and revising remuneration of the MD and Whole Time Director — all subject to shareholder approval at the upcoming 33rd AGM.
Shareholders will vote on several significant proposals at the AGM, including a major 5x increase in borrowing/lending limits, large related party transactions of up to Rs. 50 crore per entity, and acquisition of a related party entity with negligible recent turnover. The related-party-heavy nature of these decisions warrants close attention from minority shareholders.