Neetu Yoshi Ltd's Board has approved the allotment of 26,42,400 convertible warrants at Rs 104 each on a preferential basis to promoters and other investors.

These warrants are convertible into an equal number of equity shares at any time within 18 months from allotment.

This action represents a potential capital infusion of approximately Rs 27.48 Cr for the company upon full conversion.

An initial 25% payment of the warrant price, amounting to approximately Rs 6.86 Cr, has already been received, strengthening the company's financial position.