Yaap Digital EGM approves share swap and related party deals
Yaap Digital Limited conducted its EGM on May 25, 2026, approving the issuance of equity shares on a preferential basis and material related party transactions with Gozoop Online Private Limited and Yaap Digital FZ LLC. The meeting, chaired by Mr. Atul Jeevandharkumar Hegde, was held via video conferencing and complied with all regulatory requirements. E-voting results will be disclosed on the NSE and company websites shortly.
*this image is generated using AI for illustrative purposes only.
Yaap Digital Limited held its Extraordinary General Meeting (EGM) on May 25, 2026, to approve the issuance of equity shares for consideration other than cash on a preferential basis. The meeting, conducted via Video Conferencing and Other Audio Visual Means (OAVM), also sought approval for material related party transactions with Gozoop Online Private Limited and Yaap Digital FZ LLC. These resolutions are part of the company's strategic initiatives, including its application for in-principle approval to list shares on the NSE Emerge platform.
The EGM commenced at 04:00 P.M. IST and concluded at 04:28 P.M. IST. The meeting was held in compliance with the Companies Act, 2013, and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Atul Jeevandharkumar Hegde, Chairman and Managing Director, chaired the proceedings. All statutory requirements were met, including the appointment of CS Sandhya Malhotra, Partner of M/s. Manish Ghia & Associates, as the Scrutinizer for the e-voting process.
Resolutions Passed
Shareholders voted on three key items of special business through remote e-voting and e-voting during the EGM. The resolutions included the approval of equity share issuance on a preferential basis and two material related party transactions.
| Sr. No. | Details of the Resolutions | Type of Resolution | Mode of Voting |
|---|---|---|---|
| 1 | To approve the issuance of Equity Shares for consideration other than cash on Preferential Basis | Special | Remote e-voting and e-voting at EGM |
| 2 | To approve Material Related Party Transaction with Gozoop Online Private Limited | Ordinary | Remote e-voting and e-voting at EGM |
| 3 | To approve Material Related Party Transaction with Yaap Digital FZ LLC | Ordinary | Remote e-voting and e-voting at EGM |
Meeting Proceedings and Attendees
The requisite quorum was present under Section 103 of the Companies Act, 2013. Key attendees included Ms. Vandana Maithani Singh and Mr. Jagadesh Babu Botta, Independent Directors, and Mr. Shyamal Jitendra Madhvi, Chief Financial Officer. Ms. Priyanka Jaju, Partner of M/s. Shweta Jain & Co. LLP, the Statutory Auditors, was also present. Directors Mr. Subodh Vijayaraghava Menon and Mr. Sudhir Menon were absent due to pre-occupation.
Remote e-voting commenced on May 20, 2026, and concluded on May 24, 2026. The facility for e-voting remained available for 15 minutes after the conclusion of the EGM. The Chairman declared the meeting concluded after the e-voting process was finalized. The consolidated Scrutinizer's Report and e-voting results will be available on the websites of the National Stock Exchange of India Limited, the company, and Central Depository Services (India) Limited within two working days.
Historical Stock Returns for Yaap Digital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.26% | -2.87% | +0.85% | +47.06% | +47.06% | +47.06% |
What is the expected timeline for receiving in-principle approval from NSE Emerge?
How will the funds raised from the preferential issuance be allocated to support growth?
What specific synergies do the related party transactions with Gozoop and Yaap Digital FZ aim to achieve?
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