Please find the attached Outcome of Board Meeting
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YOGI Limited's Board, at its meeting on 7th April 2025, allotted 22,00,000 equity shares (face value Rs. 10) to Mr. Tirth Ghanshyam Patel of the Promoter Group upon conversion of 22,00,000 convertible warrants on a preferential basis. The total consideration received is Rs. 5.28 crore at Rs. 32 per share, with the balance 75% (Rs. 24 per share) paid now and the earlier 25% paid at the time of warrant subscription in December 2024. Post this second tranche conversion, the company's paid-up equity share capital stands increased to Rs. 43.16 crore comprising 4,31,60,000 equity shares. Mr. Patel's shareholding nearly doubles from 5.29% (21,66,081 shares) to 10.12% (43,66,081 shares).
Promoter group stake strengthening is generally viewed as a confidence signal, but the preferential conversion leads to dilution for existing non-promoter shareholders and increases the equity base. The company receives Rs. 5.28 crore in fresh capital, strengthening its balance sheet.