Other Financial Services
Board Meeting4 April 2026 at 11:01 am

Yash Trading & Finance Ltd: Approval for Capital Increase, Rights Issue, and Other Significant Changes

AI Summary

Yash Trading & Finance Ltd announced several key amendments during its board meeting on April 4, 2026. The company proposed to increase its authorized capital from Rs. 10,00,00,000 to Rs. 40,00,00,000, divided into 4,00,00,000 Equity Shares of Rs. 10/- each. The board also approved a rights issue of equity shares up to Rs. 50 Crore, subject to regulatory approvals. Additionally, the board sought shareholder approval for creating charges, mortgages, and hypothecation of the company's properties, increasing borrowing powers, and enhancing investment limits under the Companies Act, 2013. The board also appointed a new Company Secretary & Compliance Officer and approved the incorporation of a wholly-owned subsidiary in the United Arab Emirates. Lastly, the board approved the adoption of a new set of Memorandum and Articles of Association.

Key Highlights

  • Increase in authorized capital from Rs. 10,00,00,000 to Rs. 40,00,00,000
  • Proposal for a rights issue of equity shares up to Rs. 50 Crore
  • Seeking shareholder approval for creating charges, mortgages, and hypothecation of the company's properties
  • Appointment of a new Company Secretary & Compliance Officer
  • Approval for incorporating a wholly-owned subsidiary in the United Arab Emirates