Yash Innoventures Limited held its 35th Annual General Meeting on September 28, 2026, via video conferencing. The meeting adopted the financial statements for FY26 and approved significant changes to the board composition and managerial remuneration structures.

Key resolutions passed

Shareholders approved the adoption of the audited balance sheet, profit and loss account, and cash flow statement for the year ended March 31, 2026. Additionally, Gnanesh Bhagat was reappointed as a director following his retirement by rotation under Section 152(6) of the Companies Act, 2013.

The meeting also addressed the appointment of Aadit Rajal Dalal as Whole-time Director for a five-year term commencing August 14, 2026. This appointment is categorized under Professional Director roles, with remuneration terms subject to the Nomination and Remuneration Committee's recommendations.

Director appointments and regularization

Jani Dhavalkumar was regularized as a Non-Executive Independent Director for a five-year term effective August 14, 2026. His appointment follows his initial designation as an Additional Director by the Board earlier in August 2026.

The shareholders also passed a special resolution to enhance the limit for accepting unsecured loans from Managing Director Gnanesh Rajendrabhai Bhagat. The existing limit of ₹10 crore has been increased to an aggregate amount not exceeding ₹20 crore.

Remuneration approvals

A special resolution was passed to approve managerial remuneration payable to directors for FY26, FY27, and onwards. This approval covers payment of salary, commission, perquisites, and allowances, even in cases where the company has no profits or inadequate profits, subject to Schedule V limits of the Companies Act, 2013.

The Board of Directors is authorized to determine and revise these terms within the overall limits approved by the members. The resolution ensures continuity of compensation structures for the Managing Director, Whole-time Directors, and Executive Directors during the specified period.

Meeting proceedings

The meeting commenced at 3:00 pm and concluded at 3:26 pm. Miss Twishaa Gnanesh Bhagat, Non-Executive Non-Independent Woman Director, chaired the proceedings due to health reasons of Chairman Gnanesh Bhagat. A member registered as a speaker did not join the session, and e-voting results are pending declaration by the scrutinizer.

Yash Innoventures Limited has scheduled its 35th Annual General Meeting (AGM) for Monday, September 28, 2026. The meeting will be held via Video Conference or Other Audio Visual Means (VC/OAVM) starting at 3:00 pm.

The Board of Directors approved the notice during a meeting on September 3, 2026, at its registered office in Ahmedabad. The session also saw the approval of the Directors Report and Secretarial Audit Report for FY26.

Key Agenda Items

The AGM will transact both ordinary and special business. Shareholders will vote on the re-appointment of Managing Director Gnanesh Rajendrabhai Bhagat, who retires by rotation.

Special resolutions include:

• Appointment of Mr. Aadit Rajal Dalal as Whole-time Director for five years, effective from August 14, 2026.
• Regularization of Mr. Jani Dhavalkumar as Non-Executive Independent Director for a five-year term.
• Approval of managerial remuneration for FY26 and FY27, including provisions for payment in cases of absence or inadequacy of profits.
• Enhancement of the limit for accepting unsecured loans from Managing Director Gnanesh Rajendrabhai Bhagat from ₹10 crore to ₹20 crore.

Loan Limit Enhancement Details

The company seeks shareholder consent to increase the aggregate limit for unsecured loans from the Managing Director to ₹20 crore. This enhanced limit is inclusive of any amounts already accepted under the previous ₹10 crore approval dated June 13, 2026. The funds are intended to meet working capital requirements and general corporate purposes.

AGM and E-Voting Schedule

Shareholders holding shares in physical or dematerialized form as of the cut-off date will be eligible to vote electronically. M/S A. Shah & Associates has been appointed as the scrutinizer for the e-voting process.

Managing Director Gnanesh Rajendrabhai Bhagat signed off on the disclosures submitted to the Bombay Stock Exchange.