
Yogi Ltd Subsidiaries Amend LLP Agreements, Induct Partners
Yogi Ltd announced that its subsidiaries, Yogi Horizons LLP and Yogi Realtors LLP, have executed amended and restated LLP agreements. These changes involve the induction of additional partners and a reconstitution of their partnership arrangements. The revised agreements aim to strengthen the LLPs' ability to identify and assess business opportunities, evaluate feasibility, and pursue projects aligned with their objectives. Yogi Horizons LLP saw Yogi Limited's capital contribution revised from ₹1,00,000 to ₹43,000 and its profit-sharing ratio from 100% to 43%. For Yogi Realtors LLP, Yogi Limited's capital contribution remains ₹95,00,000, but its profit-sharing ratio is revised from 95% to 76%. The company views these as organizational arrangements to support business development, with the financial outcomes dependent on future opportunities and their execution.
Key Highlights
- Subsidiaries Yogi Horizons LLP and Yogi Realtors LLP amended LLP agreements.
- Additional partners inducted to enhance business development capabilities.
- Yogi Limited's profit share reduced in both subsidiaries.
- Changes are organizational, aimed at supporting future business growth.
Price Impact
More from YOGI