Yash Highvoltage Limited secured shareholder approval to offer and issue equity shares and equity warrants on a preferential basis to certain non-promoter persons. The resolution was passed during an Extra-Ordinary General Meeting (EOGM) held on July 15, 2026, through video conferencing. The capital raise is intended to support the company's expansion and modernization plans, strengthen working capital, and enhance operational capabilities.

The meeting commenced at 05:04 P.M. IST and concluded at 05:16 P.M. IST. A total of 38 members representing 53.58% of equity shares attended the meeting through VC/OAVM. The requisite quorum was present, and the meeting was duly constituted. The voting rights were reckoned based on shares held as on the cut-off date of July 8, 2026.

Key Attendees

The proceedings were overseen by Keyur Girishchandra Shah, Chairman and Managing Director. Other directors and Key Managerial Personnel present included Suril Saumil Mehta, Hartmuth Udo Erich Fethke, Bhoomi Ketan Talati, Darshan Thakkar, Nirav Patel, and Gautam Nikam. M/s. Shah Mehta & Bakshi, Chartered Accountants, attended as Statutory Auditors, while M/s. Kashyap Shah & Co. attended as Secretarial Auditors.

Voting Details

Remote e-voting commenced at 09:00 A.M. IST on July 12, 2026, and concluded at 05:00 P.M. IST on July 14, 2026. E-voting during the meeting was also available for members who had not cast their votes prior. The scrutinizer for the process was CS Kashyap Shah from M/s. Kashyap Shah & Co. The results of the e-voting will be made available on the company's website and BSE Limited.

Resolution Passed

The resolution received 99.99% of votes in favour, with 17,900,245 votes cast for the proposal and 1,000 votes against it. A total of 70 members participated in the remote e-voting process.

Yash Highvoltage Limited has scheduled an Extraordinary General Meeting on July 15, 2026, to seek shareholder approval for a preferential issue of equity shares and warrants aggregating up to ₹150,99,96,068. The capital raise aims to accelerate expansion and strengthen its presence in the extra-high voltage transformer bushings segment. The Board sanctioned the issuance of up to 12,62,131 fully paid-up equity shares and 8,32,177 convertible warrants at an issue price of ₹721 per security, comprising a face value of ₹5 and a premium of ₹716. The total consideration for the equity shares amounts to ₹90,99,96,451, while the warrants will raise ₹59,99,99,617.

Strategic Expansion Plans

The proposed proceeds are intended to support the company's next phase of growth through the expansion of manufacturing and testing infrastructure. A key focus area is the expansion of the Resin-Impregnated Paper (RIP) bushing manufacturing facility from the originally envisaged 245 kV range to the 550 kV category. This strategic initiative is expected to position Yash Highvoltage among a select group of manufacturers capable of serving the extra-high voltage transmission segment. Additionally, the company plans to undertake a brownfield expansion of its existing Oil-Impregnated Paper (OIP) bushing manufacturing facility to cater to growing demand from transformer manufacturers and utilities.

Investor Allocation and Advisory

The preferential issue has attracted participation from institutional investors, family offices, and long-term reputed investors. Malabar India Fund Limited, ValueQuest India G.I.F.T Fund, and Whiteoak Capital India Opportunities Fund are among the key allottees. Monarch Network Capital Limited acted as the Exclusive Financial Advisor and Sole Investment Banker for the transaction. The issuance is conducted in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, subject to shareholder and regulatory approvals.

Each equity warrant is convertible into one fully paid-up equity share of ₹5 face value within 18 months from the date of allotment. If the warrant holder fails to exercise the warrants within this period, the unexercised warrants will lapse, and 25% of the consideration paid will be forfeited by the company. The EGM will be held through Video Conference, with remote e-voting scheduled from July 12 to July 14, 2026.