Neetu Yoshi Limited shareholders have approved the issuance of convertible warrants on a preferential basis to members belonging to the promoter or promoter group and others. The resolution was passed with a 100% majority during an Extra-Ordinary General Meeting (EGM) held on May 25, 2026, via Video Conferencing and Other Audio-Visual Means.

Voting Results

The special resolution received unanimous support across both remote e-voting and e-voting conducted during the meeting. A total of 14 shareholders participated, casting votes for 28,975,508 valid shares, all of which were in favour of the resolution. No votes were cast against the proposal.

Meeting Proceedings

The meeting was chaired by Mr. Himanshu Lohia, Managing Director of the company. Mr. Ravi Shankar, Practicing Company Secretary, was appointed as the Scrutinizer to examine the voting process. The remote e-voting facility was available from May 22, 2026, to May 24, 2026, and the e-voting facility remained open for 15 minutes after the conclusion of the EGM. The proceedings were conducted in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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: