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) upon exercise of convertible warrants. The conversion price is Rs. 32 per share (25% or Rs. 8 paid at warrant allotment on 27th December 2024; balance 75% or Rs. 24 received now). This was pursuant to a special resolution passed on 24th October 2024 and BSE's in-principle approval dated 24th December 2024. Post-allotment, the company's paid-up capital increased to Rs. 45 crore (4,50,00,000 shares). The promoter's stake rose from 10.12% to 13.79% after this third tranche conversion.
The conversion of warrants into equity shares increases the outstanding share count, diluting existing shareholders. The significant jump in promoter holding to 13.79% signals continued accumulation by an insider at Rs. 32 per share.