Yash Highvoltage Ltd

Meeting Details

• Date and time: Friday, 21 August 2026, 11:30 AM–03:30 PM.
• Type and mode: Group, physical plant-visit meeting.
• Event: Analyst / Institutional Investor Meet.
• Organizer: Yash Highvoltage Limited.
• Key participants: Company officials, including Company Secretary & Compliance Officer.
• Investors: Cooper Investor (CI), Australian equities Investment Manager.
• Purpose: Intimation of analyst/institutional investor meet.

Record Date Details

• Record date for dividend entitlement set at 27 August 2026 for FY 2025-26.
• Type of security: Fully paid-up equity shares of ₹5 each.
• Purpose: AGM on 3 September 2026 and dividend entitlement subject to approval.
• Dividend amount: ₹1.40 per equity share, subject to AGM approval.
• Payment, if declared, to be made within statutory period.

AGM overview and resolutions

• Notice of 24th AGM on 3 September 2026 at 05:00 PM via VC/OAVM.
• Dividend proposed: Rs 1.40 per equity share of Rs 5 face value for FY2025-26.
• Record date for dividend entitlement: 27 August 2026.
• Ordinary business includes adoption of standalone and consolidated financial statements for year ended 31 March 2026.
• Re-appointment of Mrs. Twinkle Keyur Shah through rotation; eligible for re-appointment.
• Remuneration ratification for Cost Auditors: Rs 50,000 plus taxes for 2026-27.
• Remuneration for MD Keyur G. Shah up to Rs 25 lakh per month (Mar 2026–Mar 2028).
• ESOP 2025: exercise period extended from 2 to 4 years for vested options.
• Board authorized to file requisite forms and administer ESOP 2025 modification.

Financial highlights

• Revenue rose 57% to ₹235.2 crore in FY26.
• PAT ₹37.34 crore; PAT margin 15.9%.
• EBITDA ₹34.5 crore; EBITDA margin 25.7%.
• Order book surpassed ₹400 crore.
• Exports accounted for 43% of OIP/RIP revenue.
• EPS standalone ₹13.08; diluted ₹12.95.

Operations and capacity expansion

• Greenfield RIP facility in Vadodara; ₹153 crore investment.
• Localises RIP/RIS cores to 550 kV range.
• OIP capacity expanded to about 10,000 units/year.
• Backlog includes about 11,000 bushings.
• International footprint: Yash HV USA Inc established; Sukrut Electric 50% stake.
• Exports focus across Europe, North Africa, USA.

Capital structure and funding

• IPO proceeds ₹93.51 crore; utilised ₹79.20 crore; unutilised ₹14.31 crore.
• Authorized share capital ₹20 crore; paid-up ₹14.28 crore; 2.85 crore shares.
• ESOP 2025 approved; 11.42 lakh options; 58,800 vested May 2026.
• Proposed preferential issue: up to 12.62 lakh shares and 8.32 lakh warrants.
• Final dividend ₹1.40 per share; record date 27 Aug 2026.

Governance and leadership

• Board of 5 directors: Keyur Shah (MD), Twinkle Shah, Rabindra Nayak, Suril Mehta, Hartmuth Fethke.
• CS appointment: Bhoomi Talati appointed 1 Jun 2026; predecessor Tushar Lakmapurkar resigned 30 May 2026.
• Auditors: Shah Mehta & Bakshi; Internal KC Mehta & Co; Secretarial Kashyap Shah & Co.
• CSR committee formed; CSR spend ₹40.54 Lakh; key CSR projects.

Audits, risk and controls

• Cyber fraud incident ₹2.10 crore; disclosed to BSE; recovery underway.
• Ind AS first-time adoption; restatements and opening balances.
• ISO 9001/14001/45001; NABL accreditation for testing labs.
• No material audit qualifications; emphasis on Ind AS adoption and cyber incident.

Outlook and market momentum

• Capex-led growth in India supports transformer bushings demand.
• Global bushing market CAGR ~5%; India market US$4.47B by 2030.
• RIP/RIS up to 420 kV; 138/230 kV OIP tests underway; 245 kV short-tail development.
• Exports to grow with US market entry and global partnerships.
• Order book provides multi-year revenue visibility.

Resolution details

• Special resolution to offer equity shares and warrants on a preferential basis to non-promoters.
• Promoter group had no interest in the agenda.
• Total votes polled: 17901245; in favour: 17900245; against: 1000; passed.
• Turnout: 62.57% of outstanding shares; resolution passed.

Resolution

• Special resolution to offer and issue equity shares and equity warrants on a preferential basis to non-promoter persons.

Dematerialisation/rematerialisation status

• No dematerialisation/rematerialisation requests received during the quarter ended 30 June 2026; entire holdings in demat form.