<h1>Yash Innoventures Approves ₹10 Crore Unsecured Loan and Reappoints Auditor</h1>
The Board of Directors of Yash Innoventures Limited, which was held on June 13, 2026, approved two key corporate decisions: the acceptance of a substantial unsecured loan from its Managing Director and the re-appointment of an internal auditor for the financial year 2026-27.
The company’s board considered and formally approved the acceptance of an unsecured loan facility aggregating up to ₹10,00,00,000/- (Rupees Ten Crore Only). This loan is provided by Mr. Gnanesh Rajendrabhai Bhagat, the Managing Director of Yash Innoventures Limited.
The facility carries an interest rate of 8% per annum. The unsecured loan may be availed by the Company in one or more tranches as required to meet working capital needs, business operations, and general corporate purposes. The Board also noted that repayment of the principal amount along with applicable interest will be conducted according to mutually agreed terms between the Company and Mr. Gnanesh Rajendrabhai Bhagat, based on fund availability.
Internal Auditor Re-appointment Details
The company’s board meeting also addressed the re-appointment of its internal auditor for the Financial Year 2026-27. The Board approved the reappointment of Mr. Jignesh Dave as an Internal Auditor for FY 2026-27, effective June 13, 2026.Key details regarding the appointed auditor are provided below:
| Particulars | Details |
|---|---|
| Name of Auditor | Mr. Jignesh Dave |
| Reason for Reappointment | Re-appointment as Internal Auditor for FY 2026 - 27 |
| Date and Term | Approved on June 13, 2026, for FY 2026 - 27 |
| Brief Profile | Mr. Jignesh Dave worked in various companies as a Legal Executive from December 2016 to March 2026. He holds a B.Com and LLB from Central University of Gujarat (2012–2015). |
Stock Price Movement
Yash Innoventures Ltd settled at ₹46.20 on Friday, slipping 1.72% from previous close. The shares traded within a wide intraday range, testing as low as ₹45.00 and peaking at ₹47.99.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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