Yash Trading & Finance Ltd Approves Capital Increase and Rights Issue Proposal
Yash Trading & Finance Ltd announced several corporate actions following its Board of Directors meeting held on April 4, 2026. Key approvals include the enhancement of the company's authorized capital, a proposal for fund raising via a rights issue, and changes to the corporate structure and operational parameters.The Board approved altering and increasing the Authorized Share Capital of the Company. The authorized capital is increasing from Rs. 10,00,00,000/- (Rupees Ten Crores Only), comprising 1,00,00,000 (One Crores) Equity Shares of Rs. 10/- (Rupees Ten) each, to Rs. 40,00,00,000/- (Rupees Forty Crores Only), divided into 4,00,00,000 (Four Crores) Equity Shares of Rs. 10/- (Rupees Ten) each. This alteration is subject to the approval of the shareholders at an Extra-Ordinary General Meeting.
In conjunction with the capital enhancement, the Board also approved the proposal to raise funds through the issuance and allotment of Equity Shares with a face value of Rs. 10 each. The aggregate amount sought is not to exceed Rs. 50 Crore (Rupees Fifty Crore only). This fund raising is proposed on a rights basis to eligible equity shareholders as of the record date, pending receipt of necessary regulatory and statutory approvals. The Board authorized a "Right Issue Committee" to finalize the detailed terms and conditions of this proposed rights issue.
Corporate Restructuring and Authority Enhancements
The meeting addressed several corporate structural changes, also subject to shareholder approval:- Loan and Guarantee Limits: The Board approved making investments, providing loans, or giving guarantees, and creating charges, mortgages, or hypothecations on the company's immovable and movable properties up to Rs. 500 Crores (Rupees Five Hundred Crores). This also includes increasing the borrowing powers under Section 180(1) (C) of the Companies Act, 2013, and enhancing limits under Section 186 of the Companies Act, 2013, up to INR 500 Crores.
- Memorandum and Articles Adoption: The company approved adopting a new set of Memorandum of Association (MOA) and Articles of Association (AOA) in conformity with the Companies Act, 2013. The alteration to the MOA includes adding a new clause No. 4 in the Main Object, permitting the company to prepare, manufacture, process, market, trade, import, export, improve, sell, and deal in all kinds of agro/agri/food products, including spices, oil seeds, grains, vegetables, herbs, and pickles.
- Corporate Office Change: The Board approved changing the address for maintaining the books of accounts from 103, B Wing, Ansa Industrial Estate, Sakivihar Road, Sakinaka, Andheri East, Mumbai-400072 Maharashtra, India to 'Parth', 9 Maninagar, Mavdi Plot, Rajkot, Gujarat-360004, India, effective April 4, 2026.
Share Split and Share Details
The Board also approved the sub-division or split of existing equity shares. Specifically, the Board approved splitting one (1) existing equity share of face value Rs. 10/- (Rupees Ten Only) each into 10 (Ten) equity shares of face value Rs. 1/- (Rupee One Only) each, fully paid-up.Details regarding the proposed split are presented in the following table:
| Metric | Pre-Split Structure | Post-Split Structure |
|---|---|---|
| Authorized Share Capital | 4,00,00,000 (Subject to member approval) | 40,00,00,000 |
| Issued, paid up and Subscribed Capital | 10,00,00,000 | 10,00,00,000 |
| Total Share Capital (Rs.) | 10,00,00,000 | 10,00,00,000 |
Governance and Future Meetings
The Board appointed Mr. Ajay Kumar Agrawal [ACS: A51105] as the Company Secretary & Compliance Officer (KMP), effective April 4, 2026.To seek shareholder approval for these matters, the Board planned an Extra-Ordinary General Meeting (EGM) on Monday, May 2, 2026, which will be conducted via video conferencing or other audio-visual means. The appointment of M/s. SCS & Co. LLP, Company Secretaries, was also approved as Scrutinizer for the e-Voting Process at the EGM.
The company has also approved discussing and finalizing the draft notice for the EGM.
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.