Business Update8 May 2026, 12:58 pm
Neetu Yoshi: ₹27.48 Cr Fund Raise & ₹14.76 Cr Order
AI Summary
Neetu Yoshi Limited has announced a ₹27.48 crore fund raise through convertible warrants to support growth and expansion. The company also secured a purchase order worth ₹14.76 crore from an India-based wagon manufacturer. The fund raise, approved in a board meeting on April 29, 2026, involves the issuance of 26,42,400 warrants at ₹104 each, convertible into equity shares of ₹5 face value, subject to shareholder and regulatory approvals. The company reported FY25 Total Income of ₹70.81 Cr, EBITDA of ₹23.43 Cr & Net Profit of ₹16.46 Cr.
Key Highlights
- Neetu Yoshi raises ₹27.48 crore through convertible warrants for growth.
- Issue price fixed at ₹104 per warrant, convertible into equity shares.
- Company secures purchase order worth ₹14.76 crore.
- Fund raise aims to scale manufacturing and strengthen railway component presence.
- Promoters and investors show confidence in the company's outlook.