Yash Innoventures approves ₹10 crore loan from MD and auditor

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.

Particulars	Details
Lender	Mr. Gnanesh Rajendrabhai Bhagat, Managing Director
Loan Amount	Up to ₹10 crore
Interest Rate	8% per annum
Purpose	Working capital, business operations, general corporate purposes
Repayment	As and when funds are available

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.27%	+5.87%	-31.11%	-21.50%	-20.51%	-8.42%

Promoter Mr. Gnanesh Rajendrabhai Bhagat reduced his stake in yash innoventures by selling 222,000 equity shares through an open market transaction on May 25, 2026. This disposal constitutes 1.38% of the company's total share capital. Following the transaction, the promoter's holding along with Persons Acting in Concert (PAC) stands at 65.40%, down from 66.78%.

The disclosure was submitted to BSE Limited on May 26, 2026, in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The shares sold carried voting rights, and no other instruments such as warrants or convertible securities were involved in the transaction. The total equity share capital of the target company remains unchanged at 1,60,29,950 equity shares of ₹10 each.

Shareholding Details

The table below outlines the changes in the promoter's shareholding before and after the transaction:

Particulars	Number of Shares	% of Total Share Capital
Holding Before Sale
Shares carrying voting rights	10705190	66.78
Shares encumbered	0	0
Transaction Details
Shares sold	222000	1.38
Holding After Sale
Shares carrying voting rights	10483190	65.40
Shares encumbered	0	0

Persons Acting in Concert

The disclosure identified the following individuals as PACs with the acquirer:

Angana Gnanesh Bhagat
Vikram Dhayabhai Bhagat
Hansaben Rajendrabhai Bhagat
Twisha Gnaneshbhai Bhagat
Gnanesh Rajendrabhai Bhagat

The mode of acquisition was specified as an open market sale. The total diluted share capital of Yash Innoventures Limited post-transaction remains 1,60,29,950 equity shares.