Neetu Yoshi Limited, a metallurgical engineering firm specialising in customised ferrous products for Indian Railways and the broader railway supply chain, has announced two significant corporate developments. The company has approved a preferential fund raise of ₹27.48 crore through the issuance of convertible warrants, alongside securing a purchase order worth ₹14.76 crore (excluding GST) from an India-based wagon manufacturer for the manufacturing and supply of Cast Steel Blocks. Both disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and filed with BSE Limited (SME Platform).

Fund Raise via Convertible Warrants

The company's Board, at its meeting held on April 29, 2026, approved the issuance of 26,42,400 convertible warrants to be converted into equity shares of face value ₹5 each, at an issue price of ₹104 per warrant. The preferential allotment includes participation from promoters as well as a diversified set of investors, and remains subject to shareholder and regulatory approvals. The key terms of the fund raise are summarised below:

Commenting on the fund raise, Himanshu Lohia, Managing Director cum Chief Financial Officer, said, "This fund raise is a strategic step aligned with our long-term growth roadmap. The capital will enable us to accelerate capacity expansion, strengthen our manufacturing capabilities, and move further up the value chain. With increasing opportunities arising from Indian Railways' modernisation and infrastructure push, we are witnessing strong demand visibility. This investment positions us well to execute larger and more complex orders while maintaining operational efficiency. Importantly, the participation of both promoters and external investors reflects continued confidence in our business model, execution capabilities, and future outlook. We remain focused on creating sustainable value through disciplined growth and innovation."

Purchase Order for Cast Steel Blocks

Neetu Yoshi Limited has also received a purchase order worth ₹14.76 crore (excluding GST) from an India-based wagon manufacturer for the manufacturing and supply of Cast Steel Blocks (Grade 101) with and without austempering, as per agreed specifications. The order is entirely domestic in nature and is not a related party transaction. The key parameters of the order are as follows:

Commenting on the order, Himanshu Lohia said, "We are pleased to have received this order from a reputed India-based wagon manufacturer. This order is a testament to the trust our clients place in our manufacturing capabilities and the quality of our products. The supply of Cast Steel Blocks, including with austempering treatment, aligns well with our core competencies, and we are confident in our ability to execute this order efficiently within the stipulated timeline. India's wagon manufacturing sector is witnessing strong momentum, driven by the Government's continued push towards railway modernisation and expansion of freight capacity."

Company Overview and Financial Performance

Neetu Yoshi Limited is an RDSO-certified vendor for over 25 casting products for Indian Railways, supplying customised ferrous products ranging from 0.2 kg to 500 kg, including mild steel, spherical graphite iron, cast iron, and manganese steel. The company holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications for quality, environmental, and occupational health and safety management. The disclosure was signed by Himanshu Lohia, Director (DIN: 08564450), on behalf of Neetu Yoshi Limited (formerly Neetu Yoshi Private Limited). For FY25, the company reported the following financial performance on a consolidated basis:

Neetu Yoshi Ltd has announced an Extra-Ordinary General Meeting (EGM) to seek shareholder approval for issuing convertible warrants on a preferential basis. The company, formerly known as Neetu Yoshi Private Limited, will conduct the meeting through video conferencing on 25 May 2026 at 3:00 PM.

Meeting Details and E-Voting Schedule

The EGM notice, dated 02 May 2026, outlines the company's proposal to issue convertible warrants to both promoters and non-promoter entities. Shareholders holding shares in physical or demat mode as on the cut-off date of 18 May 2026 will be eligible to participate in the electronic voting process.

Convertible Warrants Issue Structure

The company proposes to issue 26,42,400 convertible warrants at Rs. 104/- per warrant, with each warrant convertible into one equity share of face value Rs. 5.00/-. The warrants will have a conversion period of 18 months from the date of allotment.

Allotment Distribution

The warrant allocation includes both promoter and non-promoter categories, with the largest single allocation going to promoter Subodh Lohia. The distribution spans across 33 proposed allottees, including institutional investors, individual investors, and corporate entities.

Major Allocations:

Venturex Fund I is identified as an Alternative Investment Fund (AIF) with Mitcon Credentia Trusteeship Services Ltd as trustee. Swastika Investmart Limited is a listed public company on BSE Limited.

Pricing and Regulatory Compliance

The warrant pricing follows SEBI (ICDR) Regulations with the relevant date set as 24 April 2026. The issue price of Rs. 104/- per warrant exceeds the minimum price requirement calculated under regulatory guidelines.

Shareholding Impact

Post-conversion of all warrants, the company's total share capital will increase from 38,812,600 shares to 41,455,000 shares. The promoter shareholding will decrease from 70.03% to 67.01%, while public shareholding will increase from 29.97% to 32.99%.

Use of Proceeds and Timeline

The company intends to utilize the proceeds from the preferential issue to augment working capital requirements. The warrants must be allotted within 15 days of shareholder approval, and the converted equity shares will be subject to lock-in provisions as per SEBI regulations.

Mr. Ravi Shankar & Associates, Company Secretaries, has been appointed as the scrutinizer for the e-voting process. The company has obtained necessary certificates from statutory auditors and a registered valuer to ensure compliance with regulatory requirements.