Yash Innoventures Limited’s board has approved a secured loan facility of up to Rs 1.53 crore from Cholamandalam Investment and Finance Company Limited to bolster its financial resources. The loan, sanctioned on July 15, 2026, carries an interest rate not exceeding 10.50% per annum and is available for a tenure of up to 168 months. This financial move is subject to the provisions of the Companies Act, 2013 and remains within the borrowing limits previously approved by shareholders under Section 180(1)(c) of the Act.

The board has authorized the creation of a mortgage over the company's immovable property to secure the loan facility. The property in question is located at the 1st Floor, Corporate House No. 3, Parshwanath Business Park, Bh. Prahladnagar Garden, S.G. Highway, Ahmedabad – 380014, Gujarat. This asset will serve as collateral for the debt availed from Cholamandalam Investment and Finance Company Limited (CIFCL).

Loan Details

To facilitate the process, the board has granted Mr. Gnanesh Rajendrabhai Bhagat, Managing Director, the authority to negotiate and finalize the terms and conditions of the loan facility. He is empowered to execute and sign all necessary applications, loan agreements, security documents, deeds, and promissory notes on behalf of yash innoventures . Additionally, he is authorized to file the requisite forms with the Registrar of Companies for the registration of the charge created in favour of the lender.

The board meeting, where these decisions were ratified, commenced at 03.30 p.m. and concluded at 04.00 p.m. on July 15, 2026. The approval marks a significant step in the company's financial planning, leveraging its real estate assets to secure long-term funding.

Yash Innoventures Limited's board approved an unsecured loan of up to ₹10 crore from its Managing Director, Mr. Gnanesh Rajendrabhai Bhagat, to support working capital requirements and general corporate purposes. The loan carries an interest rate of 8% per annum and may be availed in one or more tranches. Additionally, the board re-appointed Mr. Jignesh Dave as the Internal Auditor for the financial year 2026-27 during the meeting held on June 13, 2026.

The loan facility from the Managing Director is unsecured, and the principal amount along with applicable interest will be repayable as and when funds are available, based on mutually agreed terms. This financial injection is intended to aid the company's business operations and liquidity management. The board's decision was taken in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Approvals

The meeting, which commenced at 3.30 p.m. and concluded at 4.00 p.m., addressed two primary agenda items. The first was the acceptance of the loan from the Managing Director, and the second was the administrative re-appointment of the internal auditor.

Auditor Re-appointment

The board approved the re-appointment of Mr. Jignesh Dave as Internal Auditor for FY 2026-27. Mr. Dave, a B.Com and LLB graduate from the Central University of Gujarat, has previously worked as a Legal Executive in various companies from December 2016 to March 2026. The disclosure regarding relationships with directors was noted as not applicable for this appointment.

Yash Innoventures Limited, formerly known as Redex Protech Limited, is listed on the BSE with company code 523650. The company's registered office is located at Parshwanath Business Park, Corporate House No.3, Opp. Prahladnagar Auda Garden, Anandnagar Road, Ahmedabad 380015.