Yash Innoventures Limited has announced the appointment of Mr. Uddesh Jain as its Company Secretary and Compliance Officer. The appointment is effective from May 20, 2026, following the approval of the Board of Directors during its meeting held on the same day.

The Board meeting, which commenced at 11:00 a.m. and concluded at 11:30 a.m., approved the appointment on the recommendation of the Nomination & Remuneration Committee. The company has disclosed the details of the appointment in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Appointment

The appointment of Mr. Uddesh Jain is aimed at strengthening the secretarial and compliance functions of the company. He brings with him a strong academic background and relevant experience in the field.

Profile of Mr. Uddesh Jain

Mr. Jain is a qualified Company Secretary and an Associate Member of the Institute of Company Secretaries of India (ICSI). He holds a Bachelor of Commerce degree and possesses good knowledge in the field of Secretarial and Compliance functions.

The following table summarizes the key details regarding the appointment:

Yash Innoventures Limited (formerly known as Redex Protech Limited) has released its audited financial results for the quarter and year ended March 31, 2026, following a Board of Directors meeting held on May 12, 2026. The results, approved in compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, mark a significant turnaround for the company, which swung to a net profit of ₹177.10 lacs for the full year from a net loss of ₹446.21 lacs in the prior year. The statutory audit was conducted by Shah & Shah, Chartered Accountants (Firm Registration Number: 131527W), Ahmedabad.

Financial Performance Overview

The company's total income for the year ended March 31, 2026 stood at ₹155.19 lacs, compared to ₹50.83 lacs in the prior year. Revenue from operations for the year was ₹138.00 lacs versus ₹27.37 lacs previously, while other income contributed ₹17.19 lacs against ₹23.46 lacs. Total expenses for the year rose to ₹535.56 lacs from ₹367.34 lacs. The company recorded a loss before exceptional items and tax of ₹380.37 lacs; however, an exceptional gain of ₹612.10 lacs — arising from the sale of a non-current asset classified as held for sale — resulted in a profit before tax of ₹231.73 lacs for the full year.

The following table presents the key financial results for the quarter and year ended March 31, 2026 (INR in lacs):

The company operates in a single segment — Construction and Infrastructure — and segment-wise reporting is therefore not applicable as per Ind AS 108. The paid-up equity share capital remained unchanged at ₹1,603.00 lacs (face value ₹10 per share).

Balance Sheet Highlights

As at March 31, 2026, total assets stood at ₹6,262.09 lacs, a significant increase from ₹3,384.09 lacs as at March 31, 2025 (restated). This expansion was primarily driven by a sharp rise in inventories to ₹4,387.59 lacs from ₹1,128.94 lacs. Total equity improved to ₹1,373.04 lacs from ₹795.92 lacs, supported by the year's profit and other comprehensive income. The following table summarises the key balance sheet positions:

Cash Flow Summary

For the year ended March 31, 2026, net cash used in operating activities was ₹3,058.52 lacs, compared to ₹1,085.44 lacs in the prior year, reflecting the significant increase in inventories. Net cash from investing activities was ₹429.65 lacs (prior year: ₹777.47 lacs), supported by proceeds from the sale of property, plant and equipment of ₹211.00 lacs and advances of ₹350.00 lacs. Net cash from financing activities was ₹2,632.75 lacs (prior year: ₹292.39 lacs), driven by increased long-term borrowings of ₹1,698.51 lacs and short-term borrowings of ₹934.24 lacs. Cash and cash equivalents at the end of the year stood at ₹3.72 lacs.

Scheme of Amalgamation and Restatement

The financial results incorporate the impact of the Scheme of Amalgamation of Yash Shelters Limited (Transferor Company) with Yash Innoventures Limited (Transferee Company), sanctioned by the Hon'ble National Company Law Tribunal, Ahmedabad Bench on March 25, 2025, with an appointed date of October 1, 2022, and effective from April 15, 2025. The scheme, being a common control transaction, has been accounted for using the pooling of interests method retrospectively, with prior period figures restated accordingly. Pursuant to the scheme, the company issued 93,08,800 fully paid-up equity shares of ₹10 each to the shareholders of Yash Shelters Limited in an agreed swap ratio of 32:1. Additionally, an investment acquired through the amalgamation has been classified under the Fair Value through Other Comprehensive Income (FVOCI) category, resulting in an unrealised gain of ₹466.78 lacs recognised in Other Comprehensive Income for the year.

Auditor's Observations and Compliance Matters

The statutory auditors, Shah & Shah, issued an unmodified opinion on the financial results. However, they drew attention to two matters. First, managerial remuneration paid to the Managing Director and Whole-time Director during the year ended March 31, 2026, in a situation of no profits or inadequate profits, had not received shareholder approval as required under Section 197(3) read with Schedule V of the Companies Act, 2013; the management has stated its intention to seek ratification at the ensuing general meeting. Second, the position of Company Secretary has remained vacant since October 31, 2025, resulting in non-compliance with Section 203 of the Companies Act, 2013 and Regulation 6 of SEBI (LODR) Regulations, 2015. Additionally, the company disclosed that during the year it availed borrowings aggregating to ₹1,549.99 lacs from financial institutions, secured against immovable properties owned by directors and their relatives. The trading window for dealing in the company's securities, which opened on April 1, 2026, remained closed through May 14, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.