BSEInsider Trading / SAST23 Jun 2026 · 23 Jun 2026, 11:53 am

The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Negen Undiscovered Value Fund & Others

Yash Highvoltage Ltd · 544310

✦ AI Summary

Negen Undiscovered Value Fund, YR Investment Opportunities Fund, and Neil Madan Bahal (collectively, 'Acquirers'), who are not part of the promoter group, have sold 6,49,000 equity shares of Yash Highvoltage Ltd in the open market. This transaction, which occurred between August 18, 2025, and June 17, 2026, represents 2.27% of the total voting equity share capital. Consequently, their collective shareholding in the company has decreased from 5.73% to 3.46%, falling below the 5% disclosure threshold under SEBI SAST Regulations.

Analysis Scores

Earnings Impact5/10
Growth Catalyst4/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk5/10
Liquidity Impact6/10
Market Sentiment4/10

✦ Ask a Question

Ask anything about this announcement — AI will answer based on the filing content.

0/500

Full Announcement

Yash Highvoltage Ltd - 544310 - Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011

Attachments (1)

📄

F584B8F5_43D2_466D_BE28_CA4ADBA22DEA_115347.pdf

pdf

Download →
View document text
Format for disclosures under Regulation 29 (1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Part-A - Details of the Sale Name of the Target Company (TC) Yash Highvoltage Limited 1. NegenUndiscoveredValueFund(“NUVF”) Name(s) of the acquirer and Persons Acting in 2. YR Investment Opportunities Fund (“YRIOF”) Concert (PAC) with the acquirer 3. Neil Madan Bahal (“Neil”) Whether the acquirer belongs to Promoter / Promoter group Name(s) of the Stock Exchange(s) where the Bombay Stock Exchange - SME shares of TC are Listed % w.r.t. total % w.r.t. total share/voting diluted Details of the acquisition as follows Number capital share/voting wherever capital of the applicable (*) TC (**) Before the Sale under consideration, holding of acquirer along with PACs of: a) Shares carrying voting rights 16,35,690# 5.73%# 5.51%# b) Shares in the nature of encumbrance (pledge/ lien/ non- disposal undertaking/ others) c) Voting rights (VR) otherwise than by shares d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) e) Total (a+b+c+d) 16,35,690 5.73%# 5.51%# Details of Acquisition/Sale: a) Shares carrying voting rights sold 6,49,000 2.27% 2.19% b) VRs acquired otherwise than by equity shares c) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired d) Shares in the nature of encumbrance (pledge/ lien/ non- disposal undertaking/ others) e) Total (a+b+c+d) 6,49,000# 2.27%# 2.19%# After the Sale, holding of acquirer along with PACs of: a) Shares carrying voting rights 9,86,690# 3.46%# 3.32%# b) VRs otherwise than by equity shares c) Warrants/convertible securities /any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition d) Shares in the nature of encumbrance (pledge/ lien/ non- disposal undertaking/ others) e) Total (a+b+c+d) 9,86,690# 3.46%# 3.32%# Mode of Acquisition/Sale (e.g. open market / public issue / rights issue / preferential Open Market allotment / inter-se transfer / encumbrance, etc.) Date of sale of shares of TC Between 18/08/2025 to 17/06/2026 Equity share capital /total voting capital of the 2,85,51,249 TC before the said sale Equity share capital / total voting capital of the 2,85,51,249 TC after the said sale Total diluted share / voting capital of the TC 2,96,93,249 after the said acquisition (#) Details of the Sale – NegenUndiscoveredValueFund(“NUVF”)andYRInvestmentOpportunitiesFund(“YRIOF”)areschemes of Negen Investment Trust, which is registered with SEBI as a Category III AIF. Both schemes are managed by Negen Capital Services Private Limited (“Negen”) and Mr. Neil Madan Bahal (“Neil”) is a Director & Ultimate Beneficial Owner at Negen. Accordingly, NUVF, YRIOF and Neil are entities under common management. NUVF held 11,43,778 fully paid-up equity shares, YRIOF held 2,44,680 fully paid-up equity shares and Neil held 2,76,912 paid-up equity shares of the Yash Highvoltage Limited (“Target Company” / “TC”), aggregating to 16,35,690 equity shares, representing 5.73% of the total voting equity share capital of the TC. During the period of 18th August 2025 to 17th June 2026, NUVF sold 4,63,750 fully paid shares and YRIOF sold 1,85,250 fully paid-up equity shares of the TC, representing 2.27% of the Total Voting Equity share capital of the TC. The details of the sale are also set out in the tables below. Table 1: Shareholding Prior to Sale (Total as a % of Total Voting right) Sr. No. of Fully Paid-up Equity Entity Name Total as a % of Total Voting right No. Shares Held 1 NUVF 11,43,778 4.01% 2 Neil 2,76,912 0.97% 3 YRIOF 2,15,000 0.75% Total 16,35,690 5.73% Table 2: Shareholding After Sale (Total as a % of Total Voting right) No. of Fully Paid-up Total as a % of Sr. No. of Fully Paid-up Entity Name Equity Shares Held Post Total Voting No. Equity Shares Sold Sale right 1 NUVF 4,63,750 6,80,028 2.38% 2 Neil - 2,76,912 0.97% 3 YRIOF 1,85,250 29,750 0.10% Total 6,49,000 9,86,690 3.46% PART B*** Name of the Target Company: Yash Highvoltage Limited Name(s) of the acquirer and Persons Whether the acquirer PAN of the acquirer and/ or Acting inC oncert (PAC) with the belongs to Promoter/ PACs Acquirer Promoter group Negen Undiscovered Value Fund No AAETN1655J Neil Madan Bahal No AHJPB2072R YR Investment Opportunities Fund No AABTY0630P For and on behalf Negen Capital Services Private Limited (Acting as the Investment Manager to Negen Undiscovered Value Fund and YR Investment Opportunities Fund) and Mr. Neil Madan Bahal Name: Jigar Dinesh Shah Designation: Director Place: Mumbai Date: 19.06.2026 Note: (*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Clause 35 of the listing Agreement. (**) Diluted share/voting capital means the total number of shares in the TC assuming f ull conversion of the outstanding convertible securities/warrants into equity shares of the TC. (***) Part-B shall be disclosed to the Stock Exchanges but shall not be disseminated. NEGEN CAPITAL SERVICES PRIVATE LIMITED CIN -U67190MH2007PTC171287 2nnddFloor, Trade Point, Utopia City, P.B. Marg, Lower Parel (W), Mumbai City MH 400013 Bombay Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai –400001 Dear Sir/Madam, Subject: Disclosure Under Regulation 29 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011for Sale of Fully Paid Up Equity Shares of Yash Highvoltage Ltd (the “Company”) Negen Investment Trust((““NIT”) is registered with the Securities and Exchange Board of India (“SEBI”) as a Category III Alternative Investment Fund bearing registration number IN/AIF3/22-23/1254. Negen Undiscovered Value Fund (“NUVF”) and YR Investment Opportunities Fund (“YRIOF”) are schemesof NIT. Negen Capital Services Private Limited is the Investment Manager to NUVFand YRIOFand Mr. Neil Madan Bahal is the Director and Ultimate Beneficial Owner ofNegen Capital Services Private Limited. Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“Takeover Regulation”) requires disclosure of aggregate shareholding and voting rights in a target company where an acquirer, together with persons acting in concert with him acquires shares or voting rights in a target company, which when taken together aggregates to five per cent or more of the shares of such target companyand any change if such change exceeds two per cent of total shareholding or voting rights in the target company. NUVF and YRIOF sold part of shares held by them resulting in a changein shareholding of target companyexceedingby two percent. In view of the above, aassNUVF, YRIOF and Mr. Neil Madan Bahal are entities under common management, we wish to make disclosure in compliance with Regulation 29 (2) of the Takeover Regulations which is enclosed herewith as Annexure 1. We request you to take the above on record and we trust you will find the above in order. The following person can be contacted in case of any clarification sought at your end: Name of the contact person Abhimanyu Olla Direct line number of the contact person 022 24812613 Mobile number of the contact person +91 9940888320 E-mail of the contact person abhimanyu@negencapital.com Yours sincerely, Forand on behalfNegen Capital Services Private Limited (Acting as the Investment Manager to Negen Undiscovered Value Fund and YR Investment Opportunities Fund) and Mr. Neil Madan Bahal Name:Jigar Shah Designation:Director Date: June1199, 2026 Encl: Annexure 1