Yash Highvoltage Limited has announced board approval for a preferential issue aggregating up to approximately ₹151 crore through issuance of equity shares and convertible warrants. The issuance is subject to approval of shareholders in the forthcoming general meeting and other requisite statutory and regulatory approvals.

Transaction Details

  • Security Types: 12,62,131 equity shares and 8,32,177 convertible warrants
  • Conversion Terms: Each warrant convertible into one equity share
  • Issue Price: ₹721 per security
  • Total Amount: Approximately ₹151 crore
  • Investor Profile: Institutional investors, family offices, and long-term reputed investors
  • Financial Advisor: Monarch Networth Capital Limited acted as Exclusive Financial Advisor and Sole Investment Banker

Use of Proceeds

The proposed proceeds are intended for:

  • Expansion of manufacturing and testing infrastructure
  • Enhancement of existing facility capabilities
  • Strengthening position in the power equipment ecosystem
  • Specific focus on expanding Resin-Impregnated Paper (RIP) bushing manufacturing facility from 245 kV range to 550 kV category
  • Brownfield expansion of existing Oil-Impregnated Paper (OIP) bushing manufacturing facility
  • Establishment of advanced assembly and testing infrastructure including high-voltage testing facilities
  • Investment in engineering, product development and certification capabilities

Strategic Rationale

The expansion into 550 kV RIP bushing segment is expected to position the company among a select group of manufacturers capable of serving the extra-high voltage transmission segment. This initiative is anticipated to significantly expand the company's addressable market and enhance competitive positioning across domestic and international markets.

Management Commentary

Mr. Keyur Shah, Chairman & Managing Director, stated that the capital raise will provide flexibility to execute strategic growth initiatives while maintaining a prudent capital structure. He emphasized that the expansion represents a transformational opportunity that will create a strong platform for sustainable long-term growth.

Market Context

The company cited significant investments in India's power generation and transmission sector driven by renewable energy integration, grid modernization initiatives, rising electricity demand, rapid industrialization, urbanization, data center and EV infrastructure developments.