Yash Innoventures

Yash Innoventures Ltd.'s board approved a secured loan facility of up to ₹1.53 crore from Cholamandalam Investment and Finance Company at an interest rate not exceeding 10.5% per annum on July 15, 2026. The facility can be drawn in tranches over a tenure of up to 168 months. The loan will be backed by a mortgage on the company's immovable property located at its Ahmedabad office on S.G. Highway. Managing Director Gnanesh Bhagat has been authorised to negotiate and sign all related agreements and security documents. The borrowing falls within the limits already approved by shareholders under Section 180(1)(c) of the Companies Act.

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Yash Innoventures Ltd. informed the exchange that its board will meet on June 13 to consider accepting an unsecured loan of up to ₹10 crore from Managing Director Gnanesh Bhagat at 8% interest per annum. The proposal comes after the company secured board approval for borrowing powers of ₹100 crore and loans totalling ₹125 crore in recent months. Bhagat, who has sold nearly 6% of his promoter stake over the past four months, would now lend personally to the company. The loan, if approved, would be repayable in instalments and add to the company's debt load as it pursues a ₹120 crore real estate project. Yash Innoventures, with a market capitalisation of ₹72 crore, continues to rely on insider financing for its expansion plans.

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June 10 (Reuters) - Yash Innoventures Ltd YASI.BO:

• YASH INNOVENTURES - TO CONSIDER UNSECURED LOANS UP TO 100 MILLION RUPEES FROM MANAGING DIRECTOR

Source text: ID:nBSE1wbc43

Further company coverage: YASI.BO

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Jan 2 (Reuters) - Yash Innoventures Ltd YASI.BO:

• YASH INNOVENTURES LTD - APPOINTMENT OF CHIRAG LUKKA AS CHIEF FINANCIAL OFFICER

Source text: ID:nnAZN4RPSOC

Further company coverage: YASI.BO

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** Shares of Yash Innoventures YASI.BO surges an exchange-allowed maximum of 20% to 32.78 rupees

** Construction firm wins bid to redevelop residential apartment, with project value of 2.5 bln rupees ($29 mln)

** Stock down 16.2% so far in March quarter, on track to snap three-quarter winning run

($1 = 85.7800 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

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By Florence Tan

SINGAPORE, Oct 30 (Reuters) - Singapore-based renewable energy certificate (REC) service provider REDEX said on Tuesday it has raised $10 million from investors led by Aramco Ventures, a subsidiary of Saudi Aramco 2222.SE, to fund its expansion beyond Asia.

Other new investors in REDEX are from the Middle East, Southeast Asia, and Japan, the company said in a statement, without naming them.

"We are planning to get into the Middle East and Latin America markets in 2024 through the partnership with our strategic investors," Jen-Wee Kang, founder and CEO of REDEX told Reuters.

"The first location is probably Saudi Arabia."

REDEX operates a platform for utilities across Asia to register, verify and retire RECs. Each REC represents 1 megawatt hour of renewable electricity generated.

These certificates are traded on REDEX's platform, purchased by companies seeking to offset their scope 2 emissions from fossil-fuel power generation.

While offset products have been criticised for undermining efforts to fight climate change by allowing fossil fuels to still be consumed, they are viewed as a viable way for businesses to lower total net emissions. RECs have also become a source of income for renewable power generators.

Separately, REDEX said it started in June a partnership with China Southern Power Grid, one of the country's duopoly state power grids, to support the company in becoming a REC issuer in the world's fastest growing renewable power market.

(Reporting by Florence Tan; editing by Miral Fahmy)

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