Please find the attached outcome of Board Meeting held on 18th June, 2025 for approving the Acquisition of 95% in PSR of Yogi Realtors LLP
Price
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Awaiting price reaction for this filing.
YOGI Limited's board, at its meeting on 18th June 2025, approved acquiring a 95% stake in Yogi Realtors LLP for Rs. 95 lakhs in cash, making it a subsidiary of the company. The LLP operates in the real estate and construction sector and has a total capital contribution of Rs. 1 crore, but has reported nil turnover for the last three financial years (FY22-23, FY23-24, FY24-25). The acquisition qualifies as a related party transaction since the LLP shares a common director with YOGI Limited and promoters are interested, though the deal is stated to be at arm's length. Mr. Pareshbhai Nanjibhai Patel has been appointed as the company's nominee for the transaction.
This is a relatively small acquisition (Rs. 95 lakhs) of a dormant LLP with no revenue, so near-term financial impact is limited. However, it gives YOGI Limited a subsidiary in the real estate space, which could serve as a vehicle for future property development activities. Shareholders should note the related-party nature of the deal.