Yash Innoventures board to consider ₹10 crore unsecured loan
Yash Innoventures Limited will hold a board meeting on June 13, 2026, to consider accepting unsecured loans up to ₹10 crore from Managing Director Mr. Gnanesh Rajendrabhai Bhagat at an 8% interest rate. The loan terms, including repayment in instalments, will be decided by the board. The meeting is convened under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Yash Innoventures Limited has scheduled a board meeting on June 13, 2026, to consider the acceptance of unsecured loans aggregating up to ₹10 crore from its Managing Director, Mr. Gnanesh Rajendrabhai Bhagat. The proposed loan carries an interest rate of 8% per annum, and the board will determine the specific terms and conditions, including repayment in instalments. This move is aimed at securing necessary funding for the company's operations.
The meeting will be held under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The primary agenda item is the approval of the loan facility from the Managing Director. Additionally, the board will transact any other business with the permission of the chair.
The following table outlines the key details of the proposed loan:
| Particulars | Details |
|---|---|
| Lender | Mr. Gnanesh Rajendrabhai Bhagat, Managing Director |
| Loan Amount | Up to ₹10 crore |
| Interest Rate | 8% per annum |
| Repayment Terms | In instalments, as approved by the Board |
Yash Innoventures Limited, formerly known as Redex Protech Limited, is listed on the BSE with the 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.
The intimation was submitted to the BSE Limited on June 10, 2026, to comply with the regulatory requirements. The board's decision on the loan acceptance will be crucial for the company's financial planning and liquidity management.
Historical Stock Returns for Yash Innoventures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +8.22% | +17.59% | +5.17% | +19.29% | +20.57% | +38.85% |
How will the infusion of ₹10 crore specifically impact Yash Innoventures' operational expansion or working capital requirements?
What does the reliance on a loan from the Managing Director suggest about the company's current access to traditional banking or institutional credit?
Will the acceptance of this loan influence the company's leverage ratios, and how might it affect future borrowing costs?
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