The board of Neetu Yoshi approved the allotment of 26,42,400 convertible warrants on a preferential basis during its meeting on August 27, 2026.

The warrants were issued at a price of ₹104 per warrant, resulting in total proceeds of approximately ₹2.74 crore. The issue was fully subscribed by promoters and non-promoter investors, including Subodh Lohia and Venturex Fund I.

Issue Details

Each warrant is convertible into one equity share of face value ₹5. Investors can exercise the conversion option at any time during the 18-month period from the date of allotment. The company will intimate the exchange upon conversion or lapse of the instrument.

Key Investors

The allotment was distributed among 33 investors. Key participants include:

Subodh Lohia received the largest allocation, accounting for roughly 22% of the total issue size. Venturex Fund I and Swastika Investmart Limited followed with significant stakes.

Regulatory Compliance

The issuance complies with Regulation 164 of Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The price was computed in accordance with these provisions. Shareholders had previously granted approval for the issue at an Extraordinary General Meeting held on May 25, 2026. BSE in-principle approval was received on August 14, 2026.

An amount equivalent to 25% of the issue price was received from investors prior to allotment.

Neetu Yoshi Limited Neetu Yoshi Limited will commence commercial production at its new manufacturing facility in Haridwar, Uttarakhand, on September 13, 2026. The expansion, funded entirely by Initial Public Offer (IPO) proceeds, is designed to nearly double the company’s manufacturing capabilities. This capacity boost positions the RDSO-certified vendor to capture a larger share of India’s growing railway infrastructure demand, directly supporting long-term revenue growth for shareholders.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Himanshu Lohia, Managing Director and Chief Financial Officer, signed the intimation submitted to the Bombay Stock Exchange (BSE) SME Platform on August 8, 2026. The Board of Directors emphasized that the commissioning aligns with the Objects of the Offer as detailed in the company’s Prospectus.

Facility and Capacity Expansion

The new plant is located at Khasra No. 433, Chudiyala Mohanpur, Bhagwanpur, Haridwar, Uttarakhand – 247661. Management stated that this expansion is critical for addressing a diversified order pipeline across the railway and engineering sectors. By leveraging sustained government investments in railway modernization, Neetu Yoshi Limited aims to enhance operational efficiencies and meet evolving customer requirements for high-quality castings.

Strategic Significance

Neetu Yoshi Limited specializes in customized ferrous metallurgical products, including mild steel, spherical graphite iron, cast iron, and manganese steel, ranging from 0.2 kg to 500 kg. As an RDSO Class 'A' approved vendor for over 25 casting products, the company holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. The new facility reinforces its competitive position in supplying Indian Railways, where demand for reliable components remains robust.

Symbolic Date Selection

The company selected September 13, 2026, for the commencement date to mark the 52nd birth anniversary of Late Mrs. Neetu Lohia, mother of promoters Himanshu Lohia and Subodh Lohia. Himanshu Lohia noted that her vision and values laid the foundation for the company. He stated, "Her vision, values, and unwavering dedication to excellence laid the foundation of Neetu Yoshi Limited, making this occasion a fitting tribute to her enduring legacy."

What the Numbers Show

For FY26, Neetu Yoshi Limited reported Total Income of ₹101.59 crore, EBITDA of ₹33.87 crore, and Net Profit of ₹25.01 crore on a consolidated basis. The deployment of IPO proceeds into tangible assets like the Haridwar plant demonstrates a disciplined capital allocation strategy. With capacity set to nearly double, the company is structurally positioned to convert increased order inflows into higher revenue volumes, potentially improving operating leverage if fixed costs are managed efficiently during the ramp-up phase.