Notice of EGM to be held on 25th May,2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Neetu Yoshi Ltd has called an Extra-Ordinary General Meeting on May 25, 2026 via video conferencing to seek shareholder approval for issuing 26,42,400 convertible warrants on a preferential basis at Rs. 104 per warrant. The warrants, convertible into one equity share of Rs. 5 each within 18 months, will be issued to promoter Subodh Lohia (6 lakh warrants) and 32 non-promoter entities including Venturex Fund I (3.37 lakh), Swastika Investmart Ltd (2 lakh), and various individuals and companies. The issue aims to raise funds for working capital requirements, with 25% payable upfront and 75% on conversion. Post full conversion, promoter holding will decrease from 70.03% to 67.01% while public holding increases from 29.97% to 32.99%. E-voting runs from May 22-24, 2026 with a cut-off date of May 18, 2026.
Shareholders should note this is a dilutive issuance that will increase share count by up to 6.8% post-conversion. While promoter holding remains above 67%, the dilution may put slight downward pressure on earnings per share. The Rs. 27.5 crore raised will strengthen the balance sheet for working capital but warrants carry risk of forfeiture if not exercised within 18 months.