YOGI Ltd. Allots 18.4 Lakh Equity Shares Following Conversion of Warrants
YOGI Ltd. announced the allotment of 18,40,000 equity shares on April 2, 2026, resulting from the conversion of an equal number of convertible warrants. The allotment was made in the third tranche and follows a special resolution passed by shareholders on October 24, 2024, and prior in-principle approval from BSE Limited.Mr. Tirth Ghanshyam Patel, an entity belonging to the Promoter Group, received all 18,40,000 shares. He held 43,66,081 shares pre-issue, representing 10.12% of the company, and now holds 62,06,081 shares, which represents 13.79% of the company.
The consideration for the allotment was Rs. 32 per share, reflecting a payment of Rs. 24 per share representing 75% of the total consideration. Previously, 25% of the consideration had been paid at the time of the initial warrant subscription.
The paid-up equity share capital of the company has increased to Rs. 45,00,00,000, divided into 4,50,00,000 equity shares of Rs. 10 each. The newly issued shares rank pari passu with existing equity shares.
Details of Allottees and Shareholding
| Sr. No | Name of the Allottee(s) | Pre Issue Shareholding (No. of Shares & %) | Post Issue Shareholding (No. of Shares & %) |
|---|---|---|---|
| 1. | Mr. Tirth Ghanshyam Patel | 43,66,081 & 10.12% | 62,06,081 & 13.79% |
The warrants, originally allotted on December 27, 2024, carry the right to subscribe to one equity share per warrant, with a consideration of Rs. 8 per warrant. Warrantholders have 18 months from the allotment date to exercise the warrants. Any unexercised warrants will lapse, and the paid amounts will be forfeited.
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