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.

A group of acquirers including Negen Undiscovered Value Fund, YR Investment Opportunities Fund, and Neil Madan Bahal has sold a 2.27% stake in yash highvoltage through open market transactions. The sale of 6,49,000 fully paid-up equity shares reduced the acquirers' collective holding from 5.73% to 3.46% of the total voting equity share capital.

The transactions were executed between August 18, 2025, and June 17, 2026. The disclosure was submitted to the Bombay Stock Exchange - SME in compliance with Regulation 29 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation mandates disclosure when shareholding changes exceed 2% of the total shareholding or voting rights in a target company.

Negen Undiscovered Value Fund and YR Investment Opportunities Fund are schemes of Negen Investment Trust, a Category III Alternative Investment Fund registered with SEBI. Both schemes are managed by Negen Capital Services Private Limited. Neil Madan Bahal serves as a Director and Ultimate Beneficial Owner at Negen Capital Services Private Limited, classifying the entities as under common management.

Prior to the sale, the acquirers held an aggregate of 16,35,690 shares. Negen Undiscovered Value Fund held 11,43,778 shares, Neil Madan Bahal held 2,76,912 shares, and YR Investment Opportunities Fund held 2,15,000 shares. During the specified period, Negen Undiscovered Value Fund sold 4,63,750 shares, while YR Investment Opportunities Fund sold 1,85,250 shares. Neil Madan Bahal did not sell any shares.

The total equity share capital of Yash Highvoltage Limited remained unchanged at 2,85,51,249 shares before and after the sale. The total diluted share capital post-acquisition stands at 2,96,93,249 shares.

Shareholding Details