Yash Innoventures Reports Significant Profit Boost in Q1, Appoints New Director
Yash Innoventures Limited reported a substantial increase in profit for Q1 FY2026. Revenue doubled to ₹98.00 lacs, while profit after tax surged to ₹599.02 lacs from a loss of ₹57.33 lacs in Q1 FY2025. The profit boost was primarily due to an exceptional item of ₹612.10 lacs from the sale of a non-current asset. The company appointed M/s. A. Shah & Associates as secretarial auditor and Mr. Devang Bhikhubhai Parekh as an Additional Non-Executive Independent Director. The results reflect the impact of the recent amalgamation with Yash Shelters Limited.
Yash Innoventures Limited has cancelled its 'Elite Project', a residential apartment redevelopment initiative, due to a change in strategic priorities. The company will be evaluating other strategic opportunities. A board meeting is scheduled for August 13, 2025, to discuss financial results, appoint a Secretarial Auditor, approve reports, and consider the appointment of a new director. The trading window for the company's securities will remain closed until August 15, 2025.
26Mar 25
Yash Innoventures Unveils ₹250 Crore Residential Redevelopment Project in Ahmedabad
Yash Innoventures Limited announces a new residential redevelopment project in Shahibaug, Ahmedabad, with an investment of ₹250 crore. The company won a bid for redeveloping existing apartments opposite Circuit House. This expansion aligns with their growth strategy in the real estate sector.
25Mar 25
Yash Innoventures Expands Portfolio with ₹250 Crore Residential Project in Ahmedabad
Yash Innoventures Limited has won a bid for a residential redevelopment project in Ahmedabad's Shahibaug area, opposite the Circuit House. The company plans to invest approximately ₹250 crore in this venture, marking a significant expansion in its real estate portfolio. The project was secured through a competitive bidding process for redeveloping existing residential apartments. This large-scale development is expected to have a substantial impact on the company's financial outlook and market position.