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PNN
Dehradun (Uttarakhand) [India], August 11: Neetu Yoshi Limited (BSE: 544434), a leading RDSO-certified manufacturer of customized ferrous metallurgical products, is pleased to announce that the Company is scheduled to commence commercial production at its new manufacturing facility with effect from September 13, 2026. The facility has been established utilizing the proceeds of the Company's Initial Public Offering (IPO), in accordance with the Objects of the Offer as disclosed in the Prospectus. Key Highlights: - New Manufacturing Facility: Established at Khasra No. 433, Chudiyala Mohanpur, Bhagwanpur, Haridwar, Uttarakhand - 247661 - Commercial Production: Scheduled to commence with effect from September 13, 2026 - IPO Proceeds Utilisation: Facility funded through IPO proceeds in accordance with the Objects of the Offer A Strategic Leap Forward The commissioning of the Haridwar plant represents a key milestone in Neetu Yoshi Limited's expansion strategy. The additional capacity is expected to nearly double the Company's manufacturing capabilities, enabling it to address a larger and more diversified order pipeline across the railway and engineering sectors. Backed by sustained investments in India's railway infrastructure and modernisation initiatives, the expansion strengthens the Company's ability to meet evolving customer requirements while supporting its long-term growth objectives. The expansion reflects the Company's disciplined deployment of IPO proceeds in line with the Objects of the Offer. With India's railway sector witnessing sustained investments and capacity expansion, Neetu Yoshi Limited is well positioned to capitalise on the growing demand for high-quality railway castings and components while strengthening its competitive position and delivering long-term value to stakeholders. Commenting on the milestone, Mr. Himanshu Lohia, Managing Director cum Chief Financial Officer, Neetu Yoshi Limited, said, "The commencement of commercial production at our new Haridwar plant represents an important step in strengthening Neetu Yoshi Limited's manufacturing platform and supporting our long-term growth strategy. Developed through the prudent utilisation of IPO proceeds, the expansion reinforces our commitment to disciplined execution and positions us to serve our customers with greater scale, efficiency, and reliability. We have chosen September 13, 2026 - the 52nd birth anniversary of our Late mother, Mrs. Neetu Lohia-as the date to commence commercial production. Her vision, values, and unwavering dedication to excellence laid the foundation of Neetu Yoshi Limited, making this occasion a fitting tribute to her enduring legacy. As we embark on this new chapter, we remain committed to creating sustainable, long-term value for all our shareholders and stakeholders." About Neetu Yoshi Limited Neetu Yoshi Limited (NYL) is a metallurgical engineering firm specializing in customized ferrous products, including mild steel, spherical graphite iron, cast iron, and manganese steel, ranging from 0.2 kg to 500 kg. It is an RDSO-certified vendor for over 25 casting products for Indian Railways and holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications for quality, environmental, and occupational health & safety management. With advanced technology, skilled manpower, and strong technical capabilities, the company ensures efficient manufacturing of high-quality, customized products. Its expertise and infrastructure enable consistent productivity and cost-effective operations. For FY26, the Company has reported Total Income of 101.59 Cr, EBITDA of 33.87 Cr & Net Profit of 25.01 Cr on a consolidated basis. (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same.)
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