Yamini Investments Company Ltd — Updates, 13-05-2025: Company Update

Yamini Investments Company Ltd has announced a board meeting on 13th May, 2025, approving the Letter of Offer, Abridged Letter of Offer, Application Forms, and Rights Entitlement Letter for a proposed Rights Issue. The company plans to raise up to 39.43 Cr equity shares at ₹1.20 each, aggregating to ₹47.32 Cr, offered at 3 shares for every 4 held on the record date. Proceeds will primarily support working capital needs (₹35.66 Cr) and general corporate purposes (₹11.35 Cr). Promoters have indicated they will not fully subscribe to their entitlement nor apply for additional shares. The company operates in investment and agriculture businesses, reporting a significant revenue jump to ₹45.99 Cr (9-months ending Dec 2024) from ₹9.91 Cr in FY 2023-24, driven by agricultural trading expansion, with PAT rising to ₹4.36 Cr. The equity shares are listed on BSE and the rights shares will be listed post-issue. There are outstanding direct tax cases involving the company (₹10.38 Lakhs) and promoters (₹3.22 Cr) excluding interest and unascertainable amounts. No other material litigations or regulatory actions exist against the company, its directors, or promoters. The issue will be conducted via the ASBA process, with allotment in dematerialized form only. Applications from non-residents and different investor categories are subject to applicable regulations. The company has no subsidiaries and operates from a leased registered office in Mumbai.