Neetu Yoshi Ltd

Investor conference update

• Participated in Arihant Bharat Connect Conference: Rising Stars 2026, 25 September 2026, virtual.
• Management engaged with investors/analysts during the session.
• Conference hosted by Arihant Capital.
• No Unpublished Price Sensitive Information (UPSI) was shared.

Conference participation

• Participation in Arihant Bharat Connect Conference: Rising Stars 2026 on 25 Sep 2026, 12:00–13:00.
• No unpublished price-sensitive information (UPSI) will be discussed during the conference.

Subject

• RDSO prototype approved for Friction Wedge, enabling supply to Indian Railways and agencies.

Product details

• Item ID 3100430; Friction Wedge with specified COF range.
• Prototype approved; eligible to commence supply to Indian Railways.

Strategic portfolio impact

• Adds to 25+ RDSO-approved components; supports diversification into wagons, coaches, tracks, locomotives.
• Positioned for Raftar (CASNUB 22 RFT) high-speed freight bogies.

Financials

• FY26 consolidated Total Income ₹101.59 Cr, EBITDA ₹33.87 Cr, Net Profit ₹25.01 Cr.

RDSO Prototype Approval

• RDSO approved prototype testing result for Item ID 3100430: Friction Wedge with specified CoF range.
• Prototype Approved, enabling Neetu Yoshi to commence supply to Indian Railways and agencies.
• High-value add item; Friction Wedge used in new-generation high-speed bogie design.
• Approval strengthens product portfolio and improves qualification for upcoming procurement opportunities.
• Date: 17 September 2026; Director Himanshu Lohia comments.

AGM Details

• Date and time: 30 September 2026, 04:00 PM IST.
• Mode: VC/OAVM (online meeting).
• Venue: Registered Office, Dehradun, Uttarakhand.
• Record date: 23 September 2026.
• Books close: 23–30 September 2026.
• Attendance: VC/OAVM; at least 1,000 members on first-come basis.

Resolutions

• Ordinary: Adopt audited standalone and consolidated financial statements for year ended 31 March 2026.
• Ordinary: Re-appoint Subodh Lohia as Whole-Time Director, retiring by rotation.

Director Changes

• Subodh Lohia to be re-appointed as Whole-Time Director.

Convertible warrants details

• Board approves allotment of 26.42 lakh convertible warrants at ₹104 per warrant.
• Total issue size ₹27.48 crore; preferential/private placement to promoters and non-promoters.
• Each warrant converts to one equity share, exercisable within 18 months of allotment.
• Allottees: Subodh Lohia promoter 6 lakh warrants (22.71%), non-promoter investors 20.42 lakh (77.29%).
• Proceeds to fund Haridwar facility ramp-up and strengthen order execution and growth.
• FY26 consolidated: Total Income ₹101.59 crore, EBITDA ₹33.87 crore, Net Profit ₹25.01 crore.

Warrant issue and allotment

• Board approved allotment of 2,642,400 convertible warrants at Rs 104 per warrant to promoters and non-promoters.
• Each warrant convertible into one equity share of Rs 5; conversion within 18 months from allotment.
• Total issue size about Rs 274.81 million; 25% amount received upfront.
• Investors allocated include Subodh Lohia, VentureX Fund I, Swastika Investmart, and others per Annexure A.
• Fully subscribed post-issuance; details and allocations in Annexure A.

Capital raise via preferential warrants

• Board approved preferential allotment of 2,642,400 convertible warrants at Rs 104 each.
• Warrants convertible into an equal number of equity shares of Rs 5 each; 18-month exercise window.
• Total warrants issued and subscribed: 2,642,400; allotment to investors per Annexure A.
• Investors include promoter group and non-promoter entities; exact list appears in Annexure A.
• 25% of issue price received upfront; Rs 104 per warrant; upfront payment condition met.
• Issue price determined per SEBI ICDR Regulation 164.
• Regulatory approvals obtained: shareholder approval at EGM 25 May 2026; BSE in-principle approval 14 Aug 2026.
• Board meeting date: 27 August 2026; company name Neetu Yoshi Ltd (formerly Neetu Yoshi Private Limited).
• Annexure A lists 33 allottees; post-issuance details to be communicated.

Deviation status and fund utilisation

• Purpose: Non-applicability of deviation/variation in fund utilisation.
• Mode of fund raising: Public Issue.
• Amount raised: 77.04 Crore; Date of raising funds: 02-07-2025.
• Deviation status: No deviation/variation in use of funds raised.
• Audit Committee comments: Statement reviewed and approved.
• Monitoring agency: Infomerics Valuation and Rating Limited.

Facility expansion

• Commercial production to commence Sep 13, 2026 at Haridwar facility.
• Facility located at Khasra No. 433, Chudiyala Mohanpur, Bhagwanpur, Haridwar, Uttarakhand 247661.
• Facility funded through IPO proceeds per the Objects of Offer.
• New capacity expected to nearly double manufacturing capabilities; targets larger railway/engineering order pipeline.
• FY26 consolidated Total Income ₹101.59 Cr; EBITDA ₹33.87 Cr; Net Profit ₹25.01 Cr.
• Company renamed from Neetu Yoshi Private Limited to Neetu Yoshi Limited.
• RDSO-certified vendor for Indian Railways; ISO 9001:2015, ISO 14001:2015, ISO 45001:2018.