Yash Highvoltage Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The certificate was filed with BSE Limited on April 7, 2026, as part of the company's regulatory compliance obligations.

Regulatory Compliance Details

The certificate was issued by Bigshare Services Private Limited, the company's registrar and share transfer agent, on April 4, 2026. The document confirms that Regulation 74(5) is not applicable to Yash Highvoltage Limited during the specified quarter.

Share Dematerialisation Status

The certificate highlights that the entire shareholding of Yash Highvoltage Limited remains in dematerialized form. This complete dematerialisation indicates strong investor confidence in electronic holding of securities and alignment with modern trading practices.

Key findings from the quarterly review include:

• 100% of company shares held in demat form
• Zero requests for rematerialisation received during the quarter
• Full compliance with SEBI depositories regulations
• Continued preference for electronic share certificates among investors

Company Leadership and Compliance

The filing was signed by Tushar J. Lakhmapurkar, Company Secretary and Compliance Officer (FCS No.: 3809), demonstrating the company's commitment to regulatory adherence. The digital signature was authenticated on April 7, 2026, ensuring proper documentation and verification processes.

About the Company

Yash Highvoltage Limited, formerly known as Yash Highvoltage Insulators Private Limited, operates as an ISO 9001:2015 certified manufacturer of transformer bushings. The company maintains its corporate office in Vadodara, Gujarat, and continues to serve the electrical equipment manufacturing sector.

Yash Highvoltage Limited has disclosed a significant cyber fraud incident involving Rs. 2.10 crores under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transformer bushing manufacturer reported the incident to BSE Limited on 31st March 2026, detailing how fraudulent email communications led to misdirected payments to unidentified individuals.

Fraud Mechanism and Timeline

The cyber fraud involved sophisticated email impersonation targeting the company's regular business operations with a Chinese supplier. The company had placed orders for raw materials and input materials required for transformer bushing production when fraudulent communications began.

The fraudsters sent emails purportedly from the regular Chinese exporter requesting changes to bank account details and location. Despite the company's insistence on proper documentation, including mandates from the exporter and banker confirmations, the sophisticated fraud succeeded in deceiving the organization.

Financial Impact Breakdown

The total financial impact of Rs. 2.10 crores comprises two distinct components reflecting the partial nature of the transaction completion.

The company clarified that despite the financial loss, the incident has no material impact on its operations. The partial shipment of transformer bushing production materials was successfully received, ensuring continuity in manufacturing processes.

Investigation and Remedial Actions

Yash Highvoltage Limited has initiated comprehensive measures to address the fraud and prevent future occurrences. The company's response includes multiple strategic approaches:

Immediate Actions Taken:

• Internal investigation conducted by company team
• Formal complaint being filed with regulatory authorities
• Evaluation with bankers for fund recovery solutions per banking norms
• Review and strengthening of existing internal control mechanisms

Regulatory Compliance and Disclosure

The company's disclosure follows SEBI Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026, ensuring full regulatory compliance. The detailed annexure provided comprehensive information about the fraud nature, timeline, persons involved, and estimated impact as required under regulations.

The incident involved no internal personnel, with all fraudulent activities attributed to unidentified individuals unrelated to the entity. This external nature of the fraud highlights the sophisticated cybersecurity challenges facing modern businesses in international trade operations.