Key Quantitative Figures

Financial Performance (Standalone) for H1 FY27 (Half Year Ended September 30, 2026):

  • Revenue from Operations: ₹19,450.63 lakh
  • Other Income: ₹107.26 lakh
  • Total Income: ₹19,557.89 lakh
  • Total Expenses: ₹14,766.79 lakh
  • Profit Before Exceptional Items and Tax: ₹4,791.09 lakh
  • Exceptional Items: Nil (₹0)
  • Current Tax: ₹1,209.85 lakh
  • Deferred Tax: ₹-37.32 lakh
  • Net Profit: ₹3,618.56 lakh
  • Other Comprehensive Income: ₹11.70 lakh
  • Total Comprehensive Income: ₹3,630.26 lakh
  • Basic EPS (Before Exceptional): ₹12.48
  • Diluted EPS (Before Exceptional): ₹12.31
  • Basic EPS (After Exceptional): ₹12.48
  • Diluted EPS (After Exceptional): ₹12.31
  • Paid-up Equity Share Capital: ₹1,494.38 lakh
  • Other Equity: ₹30,467.93 lakh

Comparative Figures (Standalone):

  • H1 FY26 Revenue: ₹9,959.05 lakh
  • H1 FY26 Net Profit: ₹1,362.38 lakh
  • FY26 Annual Revenue: ₹23,516.08 lakh
  • FY26 Annual Net Profit: ₹3,734.01 lakh

Consolidated Financial Performance for H1 FY27:

  • Revenue from Operations: ₹19,450.63 lakh
  • Net Profit: ₹3,636.57 lakh (including ₹27.89 lakh share from joint venture)
  • Total Comprehensive Income: ₹3,648.39 lakh
  • Basic EPS: ₹12.55
  • Diluted EPS: ₹12.37

Balance Sheet Position (Standalone as at September 30, 2026):

  • Total Assets: ₹45,318.72 lakh
  • Non-Current Assets: ₹17,440.53 lakh
  • Current Assets: ₹27,878.19 lakh
  • Total Equity: ₹31,962.32 lakh
  • Non-Current Liabilities: ₹1,283.52 lakh
  • Current Liabilities: ₹12,072.88 lakh
  • Cash and Cash Equivalents: ₹6,919.79 lakh

ESOP Allotment Details:

  • Number of shares allotted: 9,200 equity shares of face value ₹5 each
  • Money realized: ₹46,000
  • Total shares covered under ESOP scheme: 11,42,000 equity shares
  • Vested options exercised: 9,200
  • Distinctive numbers: 2,98,87,681 to 2,98,96,880
  • Post-allotment paid-up capital: ₹14,94,84,400 (2,98,96,880 equity shares)
  • Pre-allotment paid-up capital: ₹14,94,38,400 (2,98,87,680 equity shares)
  • Exercise price per share: ₹5
  • Premium per share: Nil

IPO Proceeds Utilization (as of September 30, 2026):

  • Total proceeds: ₹9,351.30 lakh
  • Setting up new factory: ₹7,033.98 lakh (fully utilized)
  • General corporate purposes: ₹1,408.68 lakh utilized of ₹1,476.15 lakh
  • Issue expenses: ₹841.17 lakh (fully utilized)
  • Unutilized amount: ₹67.47 lakh (kept in scheduled bank)

Preferential Issue Utilization (₹151 crore issue):

  • Amount received till September 30, 2026: ₹10,599.96 lakh
  • Capital expenditure: ₹916.44 lakh utilized of ₹8,000.00 lakh
  • Working capital: ₹2,000.00 lakh utilized of ₹3,600.00 lakh
  • General corporate purposes: ₹0 utilized of ₹146.96 lakh
  • Issue expenses: ₹453.00 lakh utilized
  • Unutilized amount: ₹7,230.52 lakh (kept in scheduled bank)

Dates of Action

  • Board Meeting Date: October 21, 2026 (12:30 PM to 3:00 PM IST)
  • ESOP Allotment Date: October 21, 2026
  • Financial Period Ended: September 30, 2026
  • IPO Listing Date: December 19, 2024
  • Preferential Issue: During H1 FY27 (exact date not specified)
  • Cyber fraud incident: Identified March 31, 2026

Parties Involved

  • Subsidiaries: Yash HV Power Components Private Limited, Abhigam Foundation, Yash HV USA Inc
  • Joint Venture: Sukrut Electric Company Private Limited
  • Auditors: Shah Mehta & Bakshi, Chartered Accountants
  • Stock Exchange: BSE Limited (SME)
  • Regulatory Reference: SEBI Listing Regulations, SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021

Financial and Operational Impact

  • ESOP allotment resulted in minimal dilution of 0.03% in equity share capital
  • Change in inventory costing method from FIFO to Moving Average Cost (impact not material)
  • Cyber fraud incident in FY26 involving ₹2.10 crore exposure (₹1.36 crore for material received, ₹73.90 lakh for non-receipt)
  • Transition from IGAAP to Ind AS effective April 1, 2024

Capital Structure Impact

  • Increase in paid-up equity capital from ₹14,94,38,400 to ₹14,94,84,400 post-ESOP allotment
  • Preferential issue of 12,62,131 equity shares and 8,32,177 convertible warrants at ₹721 per share/warrant

Cash Flow Implications

  • Operating cash flow: ₹4,519.51 lakh (standalone)
  • Investing cash flow: ₹-6,986.48 lakh (standalone, primarily capex)
  • Financing cash flow: ₹7,381.39 lakh (standalone, primarily from preferential issue)

Accounting Policies

  • Financial results prepared under Ind AS 34 (Interim Financial Reporting)
  • Single reportable segment: manufacturing of high-end transformer bushings
  • Reviewed by statutory auditors (SRE 2410 compliance)