Yash Highvoltage Limited Completes ₹5.24 Crore Acquisition of 50% Stake in Sukrut Electric Company

Yash Highvoltage Limited has successfully completed its strategic acquisition of a 50% equity stake in Sukrut Electric Company Private Limited, marking a significant expansion in the electrical equipment manufacturing sector. The transaction, valued at approximately ₹5.24 crores, was completed on January 9, 2026.

Acquisition Details

The acquisition involved the purchase of 20,42,754 equity shares of face value ₹100 each, representing exactly 50% of Sukrut Electric Company's equity share capital. Following this transaction, Sukrut has become a joint venture between Yash Highvoltage Limited and Quality Power Electrical Equipments Limited, with each entity holding an equal 50% stake.

Parameter:	Details
Shares Acquired:	20,42,754 equity shares
Stake Percentage:	50%
Face Value per Share:	₹100.00
Total Consideration:	₹5.24 crores
Transaction Completion:	January 9, 2026

Target Company Profile

Sukrut Electric Company Private Limited, incorporated on December 17, 1981, operates in the electrical equipment manufacturing sector. The company is registered in Maharashtra with its office located at Plot No. Pap-B-63, MIDC, Chakan Industrial Area Phase II, Village Bhamboli, Khed, Pune. The company specializes in manufacturing electronic equipment and instruments, panels, spares, accessories, and related fittings.

Financial Parameter:	Amount
Paid-up Share Capital:	₹40.85 crores
FY 2024-25 Turnover:	₹27.44 crores
FY 2023-24 Turnover:	₹25.60 crores
FY 2022-23 Turnover:	₹23.38 crores

Strategic Alignment and Management

The acquisition aligns with Yash Highvoltage's core business operations, as both companies operate in the electrical equipment manufacturing sector. As part of the transaction terms, Mr. Keyur Girishchandra Shah, Managing Director of Yash Highvoltage Limited, has been nominated to the Board of Directors of Sukrut Electric Company as per the Share Purchase Agreement dated October 6, 2025.

Transaction Structure

The acquisition was structured as a cash transaction and does not fall within the purview of related party transactions. The promoter, promoter group, or group companies of Yash Highvoltage Limited do not have any existing interest in Sukrut Electric Company Private Limited. The transaction requires compliance with applicable FEMA regulations of the Reserve Bank of India.

Timeline and Completion

The acquisition process began with the signing of the Share Purchase Agreement on October 6, 2025, and was successfully completed on January 9, 2026. This strategic move strengthens Yash Highvoltage's position in the electrical equipment manufacturing sector through the joint venture structure with Quality Power Electrical Equipments Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.72%	-10.80%	-20.13%	-18.51%	+13.78%	+26.73%

Yash Highvoltage Limited has completed a strategic acquisition of 50% equity stake in Sukrut Electric Company Private Limited, establishing a joint venture in the electrical equipment manufacturing sector. The transaction, valued at approximately ₹5.24 crores, was completed on January 9, 2026, following the share purchase agreement dated October 6, 2025.

Acquisition Details

The acquisition encompasses 20,42,754 equity shares with a face value of ₹100 each, representing exactly 50% of Sukrut Electric Company's total equity share capital. The transaction structure creates a balanced joint venture arrangement between Yash Highvoltage Limited and Quality Power Electrical Equipments Limited, with each entity holding equal 50% stakes in the acquired company.

Parameter	Details
Shares Acquired	20,42,754 equity shares
Face Value per Share	₹100.00
Ownership Percentage	50%
Total Consideration	₹5.24 crores (approx.)
Transaction Type	Cash consideration

Target Company Profile

Sukrut Electric Company Private Limited, incorporated on December 17, 1981, operates from its registered office at Plot No. Pap-B-63, MIDC, Chakan Industrial Area Phase II, Village Bhamboli, Khed, Pune, Maharashtra. The company specializes in manufacturing electronic equipment and instruments, panels, spares, accessories, and related fittings. With a paid-up share capital of ₹40.85 crores, Sukrut has demonstrated consistent growth in its operations.

Financial Year	Turnover (₹ Crores)
FY 2025	27.44
FY 2024	25.60
FY 2023	23.38

Strategic Alignment and Governance

The acquisition aligns with Yash Highvoltage Limited's core business operations in electrical equipment manufacturing. As both companies operate in the same industry vertical, the transaction represents a strategic expansion rather than diversification. Following the completion of the acquisition, Mr. Keyur Girishchandra Shah, Managing Director of Yash Highvoltage Limited, has been nominated to the Board of Directors of Sukrut Electric Company as per the terms of the share purchase agreement.

Regulatory Compliance

The transaction has been structured to comply with applicable regulations under the Reserve Bank of India's FEMA regulations. The acquisition does not fall within the purview of related party transactions, and the promoter group of Yash Highvoltage Limited had no prior interest in Sukrut Electric Company. The company has fulfilled all disclosure requirements under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Business Impact

The joint venture structure positions both parent companies to leverage Sukrut's established manufacturing capabilities and market presence in the electrical equipment sector. With Sukrut's consistent revenue growth trajectory and established operations since 1981, the acquisition provides Yash Highvoltage Limited with enhanced manufacturing capacity and market reach in the electrical equipment industry.