Neetu Yoshi allots 26.42L warrants at Rs 104 to raise Rs 27.48 Cr
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On the reaction day the stock moved 4.9 pts more than Nifty Microcap 250 and 3.9 pts more than its Castings & Forgings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Neetu Yoshi's Board approved allotment of 26.42 Lakh convertible warrants at Rs 104 each on a preferential basis, raising about Rs 27.48 Cr. Promoter Subodh Lohia received 6 Lakh warrants (22.71%), non-promoter investors got 20.42 Lakh (77.29%). Each warrant converts into one equity share within 18 months. Proceeds will fund ramp-up of the new Haridwar facility and strengthen order execution. FY26 consolidated total income was Rs 101.59 Cr with net profit of Rs 25.01 Cr.
Capital boost for Haridwar expansion, but potential equity dilution once warrants convert within 18 months.