Yash Innoventures Limited, a company listed on the Bombay Stock Exchange (BSE: 523650), has announced the resignation of its Chief Financial Officer (CFO), Naresh Prajapat. The resignation, which is due to personal reasons, will take effect on October 1, 2025.

Key Details of the Resignation

Regulatory Compliance and Transition

Yash Innoventures has taken steps to ensure compliance with regulatory requirements regarding this change in key managerial personnel:

1. The company submitted a revised intimation to the BSE on October 14, 2025, in line with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2. The revised submission includes disclosures as per SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
3. Prajapat's resignation letter, which forms part of the LODR filing, confirms that he has no claims against the company for compensation, loss of office, damages, or otherwise.

Transition Process

In his resignation letter, Prajapat has committed to ensuring a smooth transition during the notice period. He has offered to:

• Extend all possible support in handing over his responsibilities.
• Assist in training a suitable replacement, if required.

Next Steps

The company is expected to take the following actions:

1. File the necessary e-Forms with the Registrar of Companies (MCA) to formalize the resignation.
2. Inform the Bombay Stock Exchange about the change in key managerial personnel.
3. Begin the process of identifying and appointing a new CFO.

This development marks a significant change in Yash Innoventures' leadership team. Stakeholders and investors will likely be watching closely to see how the company manages this transition and who will be appointed as the new CFO to guide the company's financial strategy moving forward.

Yash Innoventures Limited (formerly known as Redex Protech Limited) has reported a substantial increase in profit for the first quarter, driven by exceptional items and improved operational performance. The company's board meeting, held on August 14, 2025, approved several key decisions, including the quarterly financial results and new appointments.

Financial Performance

The company's unaudited financial results for the quarter ended June 30, 2025, revealed a remarkable turnaround:

Yash Innoventures reported a significant increase in revenue from operations, doubling to ₹98.00 lacs compared to ₹49.00 lacs in the same quarter last year. The company's profit after tax surged to ₹599.02 lacs, a substantial improvement from a loss of ₹57.33 lacs in the previous year's corresponding quarter.

The dramatic profit increase was primarily attributed to exceptional items amounting to ₹612.10 lacs, resulting from the sale of a non-current asset. This sale was completed during the quarter ended June 30, 2025, and the gain was recognized under "Exceptional Items" in accordance with Indian Accounting Standards.

Key Board Decisions

Appointment of Secretarial Auditor

The board appointed M/s. A. Shah & Associates as the company's secretarial auditor for five consecutive financial years starting from 2025-26, subject to shareholder approval.

New Director Appointment

Mr. Devang Bhikhubhai Parekh was appointed as an Additional Non-Executive Independent Director. Mr. Parekh, aged 54, is a legal professional with 25 years of experience in handling motor accident and consumer cases.

Annual General Meeting Preparations

The board approved the Directors' Report, AGM notice, and other preparations for the 34th Annual General Meeting.

Amalgamation Impact

The financial results reflect the impact of the amalgamation with Yash Shelters Limited, which was sanctioned by the National Company Law Tribunal (NCLT) on March 25, 2025, with an appointed date of October 1, 2022. The scheme became effective on April 15, 2025. As part of the amalgamation, Yash Innoventures issued 93,08,800 fully paid-up equity shares of ₹10 each to the shareholders of Yash Shelters Limited in the agreed swap ratio of 32:1.

Outlook

The significant improvement in financial performance, coupled with strategic appointments and the completion of the amalgamation process, positions Yash Innoventures for potential growth in the construction and infrastructure sector. The company's focus on strengthening its governance structure through new appointments and its expanded operational scope following the merger with Yash Shelters Limited may provide a foundation for sustained growth in the coming quarters.

Investors should note that the exceptional gain from asset sale significantly influenced the quarter's profitability, and future performance may vary.