YOGI Ltd board approves convertible warrants issue

The Board of Directors of YOGI Ltd at its meeting held today i.e. Friday, 22nd December, 2023, subject to approval of member's considered and approved, the increase in Authorized share Capital of the Company from existing Rs. 25,00,00,000/- (Rupees Twenty Five Crores Only) consisting of 2,50,00,000 (Two Crores Fifty Lakhs) Equity Shares of Rs.10/- (Ten) each to Rs. 30,00,00,000/- (Rupees Thirty Crores Only) consisting of 3,00,00,000 (Three Crores) Equity Shares of Re.10/- (Ten) each ranking pari passu in all respect with the existing Equity Shares of the Company as per the Memorandum and Articles of Association of the Company.

The board approved alteration of share capital clause of Memorandum of Association pursuant to Increase in Authorised Share Capital of the Company.

The board also approved Issue, Offer and Allotment of 1,38,08,687 Convertible Warrants of Face Value of Rs. 10/- each on preferential basis to Promoter and Non-Promoter, in accordance with Section 42 and 62(1)(c) of the Companies Act, 2013 and all other applicable provisions, if any, (including any statutory modification(s) or re-enactments thereof for the time being in force), Memorandum and Articles of Association of the Company, SEBI (LODR), and in accordance with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and also fixed the date, time and venue of the Extra Ordinary General Meeting of the members of the company.

Shares of YOGI LTD. was last trading in BSE at Rs. 29.45 as compared to the previous close of Rs. 28.64. The total number of shares traded during the day was 1480 in over 25 trades.

The stock hit an intraday high of Rs. 29.98 and intraday low of 28.24. The net turnover during the day was Rs. 42899.00.

Source : Equity Bulls

Keywords

YOGI INE290E01011 FundRaising PreferentialIssue ConvertibleWarrants