The Company has allotted the Equity Shares pursuant to the conversion of warrants in the Board Meeting held today i.e., 07th April, 2025
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YOGI Limited has allotted 22,00,000 equity shares (face value Rs. 10 each) to Mr. Tirth Ghanshyam Patel, a member of the promoter group, upon conversion of convertible warrants on a preferential basis. The total consideration received is Rs. 5.28 crore at Rs. 32 per share (Rs. 8 already paid earlier plus Rs. 24 paid now as the balance 75%). This is the second tranche of conversion approved by shareholders on 24th October 2024 and in-principally approved by BSE on 24th December 2024. As a result, Mr. Patel's holding in the company has increased from 5.29% (21,66,081 shares) to 10.12% (43,66,081 shares), and the company's paid-up equity capital has risen to Rs. 43.16 crore (4,31,60,000 shares).
Existing shareholders face dilution as the share count rises, while the promoter group consolidates control with its stake nearly doubling. The company receives Rs. 5.28 crore in fresh capital, which may strengthen the balance sheet but could weigh on the stock in the short term due to the issuance at a fixed preferential price.