Please find the attached PIT Disclosure received from Mr. Tirth Patel.
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YOGI Limited has disclosed that Mr. Tirth Ghanshyam Patel, a member of the Promoter Group, acquired 22,00,000 equity shares through the conversion of convertible warrants. Each warrant with a face value of Rs. 10 was converted at a premium of Rs. 22 per warrant, meaning a total consideration of about Rs. 5.28 crore. The allotment was made under a preferential offer. As a result, Mr. Patel's holding in the company increased from 21,66,081 shares (5.29%) to 43,66,081 shares (10.12%), effectively crossing the 10% shareholding threshold. The transaction was completed on 7th April 2025, with the intimation filed on 8th April 2025.
This is a positive signal as the promoter is increasing his personal stake rather than diluting it, showing confidence in the company. Crossing the 10% threshold means Mr. Patel is now a more significant shareholder and may need to make further disclosures under takeover regulations going forward.