The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ghanshyambhai Nanjibhai Patel & PACs
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Yogi Limited's promoter, Ghanshyambhai Nanjibhai Patel, along with persons acting in concert (Tirth Ghanshyam Patel and Pareshbhai Nanjibhai Patel), has converted 29,80,000 convertible warrants into equity shares at a face value of Rs. 10 each with a premium of Rs. 22 per warrant. The allotment was completed on 27th March 2025 through a preferential allotment route. After this conversion, the promoter's voting shareholding in Yogi Limited rose from 18.73% to 24.44% on a diluted basis (and from 26.73% to 26.86% on total share capital). The company's total equity share capital increased from Rs. 30 crore to approximately Rs. 40.96 crore post this allotment.
This is a positive signal for shareholders as the promoter is increasing his stake in the company rather than diluting it, indicating confidence in the business. The warrant conversion also strengthens the promoter group's holding without introducing new external shareholders, though it does dilute existing shareholders' proportional ownership.