Approved Raising of funds by way of issue of 26,42,400 (Twenty-Six Lakh Forty-Two Thousand Four Hundred only ) Convertible Warrants into 26,42,400 (Twenty-Six Lakh Forty-Two Thousand Four ....
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Neetu Yoshi Ltd's Board of Directors has approved the issuance of 26,42,400 Fully Convertible Warrants into an equal number of equity shares (face value Rs. 5 each) at an issue price of Rs. 104 per warrant. The total fund raise amounts to approximately Rs. 27.48 crore (Rs. 27,48,09,600). The warrants are being issued on a preferential basis to a mix of promoters and 31 non-promoter entities including Venturex Fund I (3,36,800 warrants), Swastika Investmart Limited (2,00,000), and several individuals and corporates. The issue price was determined in compliance with SEBI ICDR Regulations, 2018. The proposal is subject to approval of shareholders at an Extra-Ordinary General Meeting (EOGM) scheduled for 25th May 2026, and also requires Stock Exchange approval.
The preferential warrant issuance will dilute equity but raises capital without immediate interest burden. Conversion of warrants to equity shares will dilute existing shareholders' stakes. Market should watch for shareholder approval and conversion timeline.