Investment4 April 2026 at 10:51 am
Yash Trading & Finance Ltd. to Increase Authorized Capital, Raise Funds, and Empower Board
AI Summary
Yash Trading & Finance Ltd. has announced several significant decisions during its Board Meeting on 04th April, 2026. The company has proposed to alter and increase its authorized share capital, raise funds through a rights issue, empower the board to create charges, mortgages, and hypothecation on the company's properties, increase borrowing powers, enhance limits under Section 186 of the Companies Act, 2013, appoint a new Company Secretary, incorporate a Wholly Owned Subsidiary in the United Arab Emirates, and adopt a new set of Memorandum and Articles of Association.
Key Highlights
- Increase in authorized share 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.
- Proposal to raise funds up to Rs. 50 Crore through a rights issue on such terms to the eligible equity shareholders.
- Empowerment of the board to create charges, mortgages, and hypothecation on the company's properties up to Rs. 500 Crores.
- Increase in borrowing powers under Section 180(1) (c) of the Companies Act, 2013 up to Rs. 500 Crores.
- Enhancement of the limits under Section 186 of the Companies Act, 2013 up to INR 500 Crores.
- Appointment of Mr. Ajay Kumar Agrawal as Company Secretary & Compliance Officer.
- Approval of the incorporation of a Wholly Owned Subsidiary in the United Arab Emirates.
- Adoption of a new set of Memorandum and Articles of Association.