Yash Innoventures takes ₹1.53 cr secured loan from Chola, pledges office
The board approved the loan from Cholamandalam at up to 10.5% interest for up to 168 months. The borrowing equals roughly 3% of market cap and adds to recent insider loans.
— 3 earlier stories on Yash Innoventures Ltd. →What's new
- Board approved a secured loan of ₹1.53 crore from Cholamandalam at ≤10.5% p.a.
- Loan backed by mortgage on Ahmedabad S.G. Highway office property.
- MD Gnanesh Bhagat authorised to execute loan and security documents.
Why this matters
For a company that reported zero revenue and a ₹1 crore loss last quarter, this is a fresh external liability secured against its only known property. It follows ₹10 crore in insider loans and multiple promoter stake sales. The borrowing signals that internal sources may be exhausted.
What we're watching
- Whether the company draws the full facility or uses it in tranches.
- Any disclosure on the use of proceeds — capex or working capital.
- The next quarterly results, especially debt servicing cost impact.
The full read
Yash Innoventures is adding a new secured loan of ₹1.53 crore from Cholamandalam Investment and Finance at up to 10.5% interest over 14 years. The money is backed by a mortgage on the company's Ahmedabad office, its most tangible asset. For a firm that reported zero sales and a ₹1 crore net loss in the March quarter, this is a modest but material debt. It equals roughly 3% of its ₹49 crore market cap. The move follows a pattern: earlier this year, the company took an unsecured loan of ₹10 crore from its MD at 8%, while promoters offloaded 2% equity in four months. The open question is what the cash is for and whether a company with no revenue can service both debts. The Cholamandalam loan is secured against the only property Yash owns. That is not a position that leaves much room for error.
Questions answered
- How does this loan compare to Yash Innoventures' existing debt?
- The company's trailing debt/equity ratio is 0.97, so it already has substantial leverage. This ₹1.53 crore loan adds roughly 3% to its existing debt base.
- What collateral is being offered for the loan?
- The loan is secured by a mortgage on the company's immovable property located at its Ahmedabad office on S.G. Highway.
- How does this borrowing relate to the earlier ₹10 crore MD loan?
- The ₹10 crore loan from Managing Director Gnanesh Bhagat in June 2026 was unsecured at 8% interest. This new loan from Cholamandalam is secured and carries a rate of up to 10.5%.
- What were the promoter stake sales about?
- Promoters sold 0.62% equity in June and 1.38% in May (the fourth sale in four months). The pattern suggests they are raising personal funds while the company itself seeks external debt.
- Is the loan within shareholder-approved limits?
- Yes. The borrowing falls under limits already approved by shareholders under Section 180(1)(c) of the Companies Act.
Yash Innoventures Ltd.
Latest quarter · Mar 2026
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All notes on YASHINNO →- 15 Jul 2026 · 4:14 PM IST Yash Innoventures takes ₹1.53 cr secured loan from Chola, pledges office
- 29d ago Yash Innoventures promoters sell 0.62% — fourth stake sale in four months
- 35d ago Yash Innoventures turns to MD for ₹10 cr loan after stake sale
- 50d ago Yash Innoventures promoters dump another 1.38% stake