Please find the attached Outcome of Board Meeting for Allotment of Equity Shares pursuant to Conversion of warrants
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YOGI Ltd's Board has allotted 18,40,000 equity shares of Rs. 10 each to Mr. Tirth Ghanshyam Patel (Promoter Group) following the conversion of convertible warrants. This is the third tranche of conversion under a preferential allotment approved by shareholders on 24th October 2024. The allottee paid Rs. 24 per share (75% of total Rs. 32 issue price), totaling Rs. 4.42 crore. The warrant conversion ratio is 1:1. Post-allotment, the company's paid-up capital stands at Rs. 45 crore divided into 4.50 crore shares. Mr. Tirth Patel now holds 62.06 lakh shares, representing 13.79% of the company, up from 10.12% before this allotment.
Promoter stake has increased to 13.79%, signaling promoter confidence in the company. Dilution of approximately 3.67% in promoter holding will occur for other shareholders. The equity shares rank pari-passu with existing shares.