Yash Highvoltage raises ₹151 crore via 2026 issue

Board clears preferential issue under SEBI disclosure norms

Yash Highvoltage Ltd disclosed the outcome of its board meeting held on June 22, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company said the board approved a preferential issue of equity shares and warrants. The issue is priced at ₹721 per security and is intended to raise ₹151 crore.

The fundraising plan comes at a time when the stock has been actively traded, with exchange data showing an Average Traded Price (ATP) of ₹853.52. The Last Traded Quantity at Last Traded Price (LTQ@LTP) was reported as 250 shares at ₹836.60. The stock was also shown to be operating within a circuit range of ₹668.20 to ₹1002.30, with a value of ₹11.65 crore.

What the preferential issue includes: shares and warrants

In its disclosure, Yash Highvoltage said the board approved a preferential issue of 1.26 million equity shares and 0.83 million warrants. Both the equity shares and warrants are priced at ₹721 each. The company stated that the combined issuance will raise ₹151 crore.

While the filing text shared in the input does not provide further details such as the identity of allottees or the warrant conversion schedule, it clearly states the number of securities and the issue price. Preferential issuances are typically used by companies to raise funds faster than a follow-on public offer, subject to applicable rules and shareholder approvals, where required.

Use of funds: capacity expansion and EHV transformer bushing push

Yash Highvoltage said the funds will be used for capacity expansion and for strengthening its presence in the Extra-High Voltage (EHV) Transformer Bushings segment. The company specifically referenced the 550 kV range as part of this expansion focus.

The EHV bushing category is a specialised segment within power engineering and grid equipment supply chains. The company’s stated intention, as per the disclosure, is not merely to add general capacity but to deepen capability in the higher voltage range of bushings.

Trading snapshot: ATP, last trade, circuit limits

Market data points included with the update show the stock’s ATP at ₹853.52. The last trade information referenced 250 shares at ₹836.60. The circuit range was shown as ₹668.20 to ₹1002.30.

These figures help contextualise the preferential issue price of ₹721, which is below the cited ATP and the cited last traded price in the provided snapshot. The input also mentioned a value figure of ₹11.65 crore alongside the circuit range, reflecting trading value in that context.

IPO backdrop: listing in December 2024 and issue structure

Yash Highvoltage listed on BSE SME, with the listing date referenced as December 19, 2024. The IPO offer price was ₹146 per share, and the stock’s listing price was shown as ₹277.40, implying listing gains of ₹131.40 or about 90%.

The IPO issue size was stated as ₹110.01 crore. Within that, the fresh issue was shown as ₹93.51 crore, and the offer for sale (OFS) as ₹16.50 crore. The IPO’s lot size was 1,000 shares, with a minimum investment shown as ₹146,000 at the upper end.

How IPO proceeds were used: factory setup and other allocations

A separate note included in the provided text stated that the IPO raised ₹93.51 crore on December 19, 2024 and that ₹62.93 crore had been utilised for setting up a new factory. The same note listed ₹7.86 crore allocated for general corporate purposes and ₹8.41 crore used for issue expenses. It also stated there was no deviation from the stated objects (the text is truncated, but the “no deviation” point is explicitly included).

The IPO objectives section in the text also mentioned setting up a new factory to manufacture Resin Impregnated Paper (RIP) and Resin Impregnated Synthetic (RIS) transformer condenser graded bushings, along with general corporate purposes.

Equity base update: ESOP allotment in 2025

The input also referenced an equity allotment under an Employee Stock Option Scheme 2025. It stated that 58,800 equity shares of face value ₹5 were allotted under the scheme. The issued share capital was said to have increased from ₹14,27,56,245 to ₹14,30,50,245. Total equity shares were stated to have increased from 2,85,51,249 to 2,86,10,049.

This ESOP-related expansion is separate from the 2026 preferential issue, but it adds context on the company’s ongoing capital structure changes.

Key numbers at a glance

Market commentary mentioned alongside the stock

The provided material also included a market note that contained a “buy recommendation” and described a price of around ₹407 as “highly attractive,” citing a reported order book of ₹300 crore-plus and a “bushing shortage” mentioned by a partner (QPOWER). The same note referenced a “Sukrut factor,” stating that Yash and QPOWER own 50% of Sukrut Electric together.

These are presented in the input as third-party commentary rather than as part of the company’s regulatory filing. Investors typically treat such statements as opinion unless backed by company disclosures.

What to track next

The June 22, 2026 disclosure establishes the board’s approval and the core terms of the preferential issue: size, price, and instrument mix. The company has also stated how it intends to deploy the funds, with an emphasis on capacity and EHV bushing capability up to the 550 kV range.

The next set of updates that usually matter after a board outcome like this include further corporate actions and filings tied to the issuance process. For investors tracking Yash Highvoltage, any subsequent disclosures related to timelines and implementation steps will provide the operational context for this ₹151 crore capital raise.