Business News | Neetu Yoshi Limited Raises Rs 27.48 Cr Through Allotment of 26.42 Lakh Convertible Warrants

PNN

Dehradun (Uttarakhand) [India], September 1: Neetu Yoshi Limited (BSE: 544434), a leading RDSO-certified manufacturer of customized ferrous metallurgical products, is pleased to announce that the Board of Directors of the Company has approved the allotment of 26.42 Lakh convertible warrants at a price of ₹104/- per warrant on a preferential basis to Promoters and Non-Promoters.

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Preferential Issue At A Glance:

- Total warrants allotted: 26.42 Lakh convertible warrants

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- Issue price: ₹104/- per warrant

- Total Issue Size: ~₹27.48 Cr

- Type of issuance: Preferential Issue / Private Placement

- Conversion: Each warrant is convertible into one equity share, exercisable within 18 months from the date of allotment

Allottees - Key Investors:

The warrants have been allotted to the following investors:

- Subodh Lohia (Promoter) - 6 Lakh warrants (22.71% of Total Allotment)

- Non-Promoter Investors - 20.42 Lakh warrants (77.29% of Total Allotment)

- Aggregating to the total of 26.42 Lakh warrants

Positioned For Growth:

This preferential allotment marks a significant milestone in Neetu Yoshi Limited's capital raising journey and reflects the strong confidence that promoters, institutional investors, and high-net-worth individuals continue to place in the Company's long-term growth potential. The fully subscribed issue is a strong testament to the market's belief in the Company's business model, execution capabilities, and strategic roadmap.

The proceeds from this preferential issue are expected to provide the Company with additional financial strength to pursue its growth objectives, including the ramp-up of operations at its newly commissioned Haridwar manufacturing facility, strengthening its order execution capabilities, and capitalizing on the significant and growing demand for precision-engineered railway and engineering components across India. This capital infusion further reinforces the Company's commitment to creating long-term and sustainable value for all its shareholders and stakeholders.

Commenting on the milestone Mr. Himanshu Lohia, Managing Director cum Chief Financial Officer, Neetu Yoshi Limited said, "We are pleased to have successfully completed the allotment of 26.42 Lakh convertible warrants on a preferential basis. The overwhelming response to this issue, with the allotment being fully subscribed, is a strong reflection of the trust and confidence that our promoters and investors continue to place in the Neetu Yoshi growth story.This capital raise comes at a pivotal moment for the Company, as we have recently made our new Haridwar manufacturing facility and are well-positioned to scale our operations significantly in the coming quarters. The proceeds from this preferential issue will provide us with the financial resources to accelerate our growth, strengthen our execution capabilities, and deliver consistent and long-term value to all our stakeholders."

About Neetu Yoshi Limited

Neetu Yoshi Limited (NYL) is a metallurgical engineering firm specializing in customized ferrous products, including mild steel, spherical graphite iron, cast iron, and manganese steel, ranging from 0.2 kg to 500 kg. It is an RDSO-certified vendor for over 25 casting products for Indian Railways and holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications for quality, environmental, and occupational health & safety management.

With advanced technology, skilled manpower, and strong technical capabilities, the company ensures efficient manufacturing of high-quality, customized products. Its expertise and infrastructure enable consistent productivity and cost-effective operations.

For FY26, the Company has reported Total Income of ₹101.59 Cr, EBITDA of ₹33.87 Cr & Net Profit of ₹25.01 Cr on a consolidated basis.

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