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Date: June 22, 2026
The General Manager,
BSE Limited,
Phiroze Jeejeebhoy Towers, Dalal Street,
Mumbai- 400 001.
BSE Scrip Code: 544310
Subject: Press release
Reference: ISIN- INE00GK01023
Dear Sir/Madam
We hereby enclose a Press Release Yash Highvoltage Limited for Announcing ₹151 Crore
Preferential issue of Equity shares and Equity warrants subject to the approval of Shareholders of
the Company in the forthcoming general Meeting to Accelerate Expansion and Strengthen
Presence in the Extra-High Voltage Transformer Bushings Segment.
Kindly take note of the same.
For Yash Highvoltage Limited
Bhoomi Talati
Company Secretary and Compliance Officer
Membership No: FCS 12828
Place: Vadodara
Date: June 22, 2026
Yash Highvoltage Announces ₹151 Crore Preferential Equity Raise to Accelerate Expansion
and Strengthen Presence in the Extra-High Voltage Transformer Bushings Segment
Proposed investment from marquee investors to support capacity expansion, technology
enhancement and entry into the 550 kV RIP Bushing segment
Mumbai, 22-06-2026 – Yash Highvoltage Limited ("Yash" or the "Company"), a leading
manufacturer of transformer bushings for the power generation, transmission and distribution
sector, today announced the approval of a preferential issue aggregating up to approximately
₹151 crore, subject to shareholder and other requisite statutory and regulatory approvals.
The Board has approved the issuance of up to 12,62,131 equity shares and 8,32,177 convertible
warrants, each warrant convertible into one equity share of the Company, at an issue price of
₹721 per security, aggregating up to approximately ₹151 crore.
The proposed issue has attracted participation from a distinguished group of institutional
investors, family o(cid:431)ices and long-term and reputed investors, reflecting strong confidence in the
Company's business model, technological capabilities, and long-term growth strategy.
The proposed proceeds from the issue are intended to support the Company's next phase of
growth through expansion of manufacturing and testing infrastructure, enhancement of existing
facility’s capabilities, and strengthening of its position in the power equipment ecosystem.
A key focus area of the proposed investment is the expansion of the Company's 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 among a select
group of manufacturers capable of serving the extra-high voltage transmission segment and
significantly expand its addressable market.
The proposed investments will support the establishment of advanced assembly and testing
infrastructure, including high-voltage testing facilities and specialized equipment required for the
development, validation and qualification of 550 kV RIP bushings. The Company also plans to
invest in engineering, product development and certification capabilities to meet global
standards and address opportunities across domestic and international markets.
In addition, Yash intends to undertake a brownfield expansion of its existing Oil-Impregnated
Paper ("OIP") bushing manufacturing facility to cater to growing demand from transformer
manufacturers, utilities and power infrastructure developers. The proposed investments are
expected to enhance manufacturing scale, broaden the Company's product portfolio and
strengthen its technological capabilities.
India's power generation and transmission sector is witnessing significant investments driven by
renewable energy integration, grid modernization initiatives and rising electricity demand owing
to rapid industrialization and urbanization, data centre and EV infrastructure among other
developments. With these increasing investments, the Company believes it is well positioned to
capitalize on long-term industry tailwinds and strengthen its presence across domestic and
export markets.
Management Commentary
Mr. Keyur Shah, Chairman & Managing Director, Yash Highvoltage Limited, said:
"The proposed fund raise marks an important milestone in Yash Highvoltage's growth journey. We
are grateful for the confidence shown by investors, whose support reinforces our conviction in the
long-term opportunities emerging within the power generation and transmission sector."
"The proposed capital raise of approximately ₹151 crore through a combination of equity shares
and warrants will provide the Company with the flexibility to execute its strategic growth initiatives
while maintaining a prudent capital structure. Our planned expansion into the 550 kV RIP bushing
segment represents a transformational opportunity for the Company. The proposed investments
will strengthen our manufacturing and testing capabilities, expand our product portfolio and
enable us to participate in a significantly larger share of the high-voltage and high-current power
equipment market."
"Combined with the expansion of our OIP bushing manufacturing capacity and continued
investments in technology, engineering and product development, we believe these initiatives will
create a strong platform for sustainable long-term growth, enhance our competitive positioning
and deliver long-term value for all stakeholders."
Transaction Advisor
Monarch Networth Capital Limited acted as the Exclusive Financial Advisor and Sole
Investment Banker to Yash Highvoltage Limited for the proposed ₹151 crore preferential equity
raise.
About Yash Highvoltage Limited
Yash Highvoltage Limited is a leading manufacturer of transformer bushings catering to the power
generation and transmission industry. The Company serves leading transformer manufacturers,
utilities and power sector customers worldwide and continues to focus on technological
excellence, product innovation and manufacturing quality to support the evolving requirements
of the global power infrastructure sector.
Forward-Looking Statement
Certain statements contained in this release may constitute forward-looking statements. These
statements are based on management's current expectations and assumptions and are subject
to risks and uncertainties that may cause actual results to di(cid:431)er materially from those expressed
or implied. The Company undertakes no obligation to publicly update any forward-looking
statements except as required under applicable laws and regulations.