Neetu Yoshi Ltd's Board has approved the allotment of 26.42 lakh convertible warrants at Rs. 104 each, raising approximately Rs. 27.48 Cr.

These warrants were issued on a preferential basis to Promoters and other investors.

Each warrant can be converted into one equity share and holders have an 18-month window to exercise this option.

This strategic capital raise enhances the company's financial resources and signals potential growth, while also implying a future increase in the equity share base upon conversion.