Neetu Yoshi Limited has resubmitted an announcement regarding the resignation of its Company Secretary and Compliance Officer, Mr. Pranjul Gupta, following scrutiny from the Bombay Stock Exchange (BSE). The company's handling of this corporate governance matter has brought attention to its internal compliance processes.

Resignation Details

Mr. Pranjul Gupta resigned from his position as Company Secretary and Compliance Officer of Neetu Yoshi Limited, effective August 11, 2025. The company initially announced the resignation on August 13, 2025, two days after the effective date.

BSE Intervention

The BSE, on August 14, 2025, pointed out that the company's initial announcement lacked required details as per the SEBI Circular No. SEBI/HO/CFD/CFD-PoD- 1/P/CIR/2023/123 dated July 13, 2023. Additionally, the exchange sought clarification on the delay in reporting the resignation within the mandated 24-hour timeframe.

Company's Response

In its resubmission dated August 27, 2025, Neetu Yoshi Limited addressed the concerns raised by the BSE:

1. Reason for Delay: The company explained that the delay in informing the exchange occurred because no Company Secretary was in place immediately after Gupta's resignation to handle the filing.

2. Resignation Reason: Mr. Gupta resigned due to better opportunities elsewhere.

3. Compliance Improvement: Neetu Yoshi Limited has committed to strengthening its internal compliance processes to ensure timely disclosures in the future.

Management Statement

Himanshu Lohia, the Managing Director of Neetu Yoshi Limited, signed the resubmission, expressing regret for the delay and confirming the company's commitment to improved compliance.

Regulatory Implications

This incident highlights the importance of adhering to SEBI's disclosure requirements, particularly Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It also underscores the need for companies to have robust systems in place to handle key personnel transitions without compromising regulatory compliance.

Neetu Yoshi Limited's experience serves as a reminder to other listed companies about the critical nature of timely and complete disclosures in maintaining market transparency and investor trust.

Neetu Yoshi Limited , a railway components manufacturer, has reported a robust financial performance for the fiscal year ended March 31, 2025, with significant revenue growth and ambitious expansion plans.

Financial Performance

The company's revenue surged to Rs. 70.00 crores in FY2025, marking a substantial 49% increase from Rs. 47.00 crores in the previous year. This growth underscores the company's strong market position in the railway components sector.

Expansion Plans

Neetu Yoshi Limited, which started operations in 2020 and went public raising Rs. 77.04 crores, has outlined several key expansion initiatives:

1. Facility Expansion: The company has expanded its manufacturing facility by 3,000 square meters, bringing the total area to 10,000 square meters.

2. Product Portfolio: Currently manufacturing 25 critical railway components, Neetu Yoshi is approved for 27 products by the Research Design and Standards Organisation (RDSO).

3. Bogie Manufacturing Unit: Utilizing IPO proceeds, the company is establishing a bogie manufacturing unit in Kanpur, expected to be operational from April 2027. This unit has a potential revenue of Rs. 200.00 crores.

4. New Segments: The company is expanding into coaches, tracks, and springs segments, with 36 track products and 15 bogie and coach products awaiting RDSO approval.

Future Outlook

Managing Director Himanshu Lohia announced ambitious targets for the company:

• Revenue target of Rs. 110.00 crores for the current financial year (FY2026).
• Received orders worth Rs. 10.00 crores in July 2025.
• Maintains an order book of over Rs. 115.00 crores.
• Receives new orders worth Rs. 10.00-12.00 crores monthly.
• Targeting 25% PAT (Profit After Tax) margins.

Market Position

Neetu Yoshi Limited is positioning itself as a key player in the railway components market:

• Currently L1 (lowest bidder) in tenders worth more than Rs. 25.00 crores.
• Plans to manufacture 500 bogies monthly, capturing about 5-6% of the estimated market demand of 9,000 bogies per month.
• Long-term goal to become a wagon manufacturer by FY2029-30.

Mr. Lohia stated, "We are confident we will be able to achieve our targets. We are working hard to increase revenue and save costs to improve our PAT."

With its strong financial performance and strategic expansion plans, Neetu Yoshi Limited appears well-positioned to capitalize on the growing demand in India's railway sector.