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.

Neetu yoshi Limited's board of directors has approved a comprehensive fund raising proposal through the issuance of 26,42,400 convertible warrants into equity shares of face value Rs.5 each. The warrants will be issued to promoters and non-promoter entities on a preferential basis and private placement at an offer price of Rs.104 each, amounting to Rs.27,48,09,600. The issuance will be conducted in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and sections 23, 42, and 62 of the Companies Act, 2013, subject to shareholder and stock exchange approvals.

Investor Allocation Details

The convertible warrants will be allocated to 33 investors, including promoters and non-promoter entities. Subodh Lohia has been allocated 600,000 warrants, while Venturex Fund I receives 336,800 warrants. Other significant allocations include Swastika Investmart Limited (200,000 warrants), Vimal Kishore Parwal HUF (153,600 warrants), and Vijit Shares and Commodities Private Limited (100,000 warrants). The remaining warrants are distributed among various individual and institutional investors, with allocations ranging from 12,000 to 100,000 warrants each.

Extra-Ordinary General Meeting Schedule

The board has scheduled an Extra-Ordinary General Meeting (EOGM) on Monday, May 25, 2026, at 3.00 PM through video conferencing and other audio-visual means. The meeting will seek shareholder approval for the preferential issue of convertible warrants. Electronic voting facilities will be available to members holding shares in physical or demat mode as on the cut-off date of May 18, 2026. Remote e-voting will commence from May 22, 2026, at 9.00 AM and conclude on May 24, 2026, at 5.00 PM.

Governance and Compliance Measures

Ravi Shankar & Associates, Company Secretaries (Membership No. F11987, COP No. 18568), has been appointed as the scrutinizer for the e-voting results and EOGM proceedings. The board meeting, which commenced at 3.00 PM and concluded at 9.15 PM on April 29, 2026, was conducted in compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company, formerly known as Neetu Yoshi Private Limited, maintains ISO 9001:2015, OHSAS 45001, and ISO 14001 certifications and holds RDSO Class 'A' approval status. The meeting notification was signed by Managing Director Himanshu Lohia.