Corporate Action31 Aug 2026, 05:20 pm
Neetu Yoshi Ltd Approves Allotment of 26.42 Lakh Warrants
AI Summary
Neetu Yoshi Ltd has revised its earlier outcome disclosure regarding a Board Meeting held on August 27, 2026. The Board approved the allotment of 26,42,400 warrants at ₹104 per warrant, convertible into equity shares. This preferential issue is to Promoters and Non-Promoters, in compliance with SEBI regulations. Each warrant is convertible into one equity share within 18 months. The issue was fully subscribed, and an amount equivalent to 25% of the warrant price has been received from investors.
Key Highlights
- Board approved allotment of 26,42,400 warrants.
- Warrants issued at ₹104 each, convertible to equity shares.
- Preferential issue to Promoters and Non-Promoters.
- Issue fully subscribed; 25% payment received.
- Conversion exercisable within 18 months of allotment.
Price Impact
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