Yash Innoventures Limited has announced the cancellation of its previously planned 'Elite Project', a residential apartment redevelopment initiative, citing a change in strategic priorities. The company, formerly known as Redex Protech Limited, had initially unveiled the project on March 25, 2025.

Project Cancellation

In a disclosure to the Bombay Stock Exchange (BSE) under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements (LODR), Yash Innoventures stated that the management, after careful consideration, concluded that proceeding with the Elite Project was not in the best interest of the company and its stakeholders at this time.

Strategic Realignment

The company emphasized its commitment to evaluating other strategic opportunities that align with its long-term growth objectives. Yash Innoventures assured stakeholders that it would keep the exchanges informed of any material developments in this regard.

Upcoming Board Meeting

In a separate announcement, Yash Innoventures disclosed that its Board of Directors is scheduled to meet on Wednesday, August 13, 2025. The meeting agenda includes:

1. Consideration and approval of unaudited financial results for the quarter ended June 30, 2025
2. Appointment of M/S A. Shah & Associates as the company's Secretarial Auditor for five consecutive financial years from 2025-26, subject to shareholder approval
3. Approval of the Directors' Report and Secretarial Audit Report for the financial year ended March 31, 2025
4. Approval of the notice for the 34th Annual General Meeting
5. Appointment of a scrutinizer for e-voting at the 34th AGM
6. Approval of record date and/or book closure date for the 34th AGM
7. Consideration of appointing Mr. Devang Bhikhubhai Parekh (DIN: 09814005) as an Additional Director (Non-Executive Independent Director)

Trading Window Closure

The company also noted that the trading window for dealing in its securities, which has been closed since July 1, 2025, will remain closed until August 15, 2025, in compliance with SEBI's Prohibition of Insider Trading Regulations.

As Yash Innoventures navigates this strategic shift, investors and stakeholders will be keenly watching for further updates on the company's future projects and growth strategies.

Yash Innoventures Limited (formerly known as Redex Protech Limited) has announced a significant expansion of its real estate portfolio with the launch of a new residential redevelopment project in Ahmedabad. The company is set to invest approximately ₹250.00 crore in this ambitious venture.

Project Details

The project is located in the prime area of Shahibaug, opposite Circuit House in Ahmedabad, Gujarat. This strategic move comes after Yash Innoventures successfully won a bid for the redevelopment of existing residential apartments at the site.

Corporate Disclosure

In compliance with regulatory requirements, Yash Innoventures has made an official disclosure under Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements. The announcement, signed by Gnanesh Rajendrabhai Bhagat, the Managing Director of the company, underscores the significance of this project in the company's growth strategy.

Market Impact

The launch of this large-scale residential project could potentially have a positive impact on Yash Innoventures' market position and financial performance in the coming years. The ₹250.00 crore investment demonstrates the company's commitment to expanding its presence in the real estate sector, particularly in the lucrative Ahmedabad market.

Company Background

Yash Innoventures Limited, headquartered at Corporate House No. 3, Parshwanath Business Park, Behind Prahladnagar Auda Garden, Anandnagar Road, Ahmedabad, has been making strides in the real estate development sector. This latest project aligns with the company's focus on identifying and capitalizing on high-potential real estate opportunities.

As the project progresses, investors and market watchers will likely keep a close eye on Yash Innoventures' execution capabilities and the potential returns from this significant investment in Ahmedabad's residential real estate market.