Relocation of proposed plant from Kanpur, Uttar Pradesh to Haridwar, Uttarakhand
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The Board of Neetu Yoshi Ltd, at its meeting on October 9, 2025, approved relocating its proposed new manufacturing plant from Kanpur (Uttar Pradesh) to Haridwar (Uttarakhand). The decision follows a change in RDSO (Research Designs and Standards Organisation) inspection policy, which now allows inspections from its Delhi office for units in the Haridwar region. The new Haridwar site is already owned by the company, sits about 6 km from its existing unit, and is larger at 12,480 sq. mtrs compared to the earlier 9,810 sq. mtrs at Kanpur. All requisite approvals, including Fire NOC and Pollution Control NOC, have already been secured, making the site ready for immediate setup. The company clarified that the relocation does not change the objects of the IPO issue or the end-use of funds, as the Haridwar land was acquired from internal funds before the IPO.
For shareholders, this is a neutral-to-positive development: the underlying business purpose and IPO fund utilisation remain unchanged, while the new site offers operational efficiencies, lower logistics costs, and faster execution since all approvals are already in place. No material impact on the stock is expected, though project timelines should be tracked to confirm timely commissioning.