Yash Highvoltage Plans INR 151 Crore Fund Raise to Expand into 550 kV Transformer Bushing Market

Yash Highvoltage Ltd., a manufacturer of transformer bushings for the power generation, transmission and distribution sector, has approved a preferential issue worth approximately INR 151 crore to fund capacity expansion, technology upgrades, and its planned entry into the extra-high voltage 550 kV Resin Impregnated Paper (RIP) bushing segment.

The company's Board of Directors approved the issuance of up to 12,62,131 equity shares and 8,32,177 convertible warrants, each warrant convertible into one equity share, at an issue price of INR 721 per security. The proposed fundraising, subject to shareholder and regulatory approvals, will aggregate approximately INR 151 crore.

According to the company, the preferential issue has attracted participation from institutional investors, family offices, and long-term investors, reflecting confidence in Yash Highvoltage's technology capabilities and growth strategy.

The proceeds will be utilized to support the company's next phase of expansion through the enhancement of manufacturing and testing infrastructure, strengthening existing facilities, and broadening its presence in the power equipment sector.

A major component of the investment plan involves expanding the company's RIP bushing manufacturing facility from the originally planned 245 kV range to the 550 kV category. The move is expected to position Yash among a limited number of manufacturers capable of supplying products for the extra-high voltage transmission segment, significantly increasing its addressable market.

The company plans to establish advanced assembly and testing infrastructure, including high-voltage testing facilities and specialised equipment required for the development, validation and qualification of 550 kV RIP bushings. Investments are also proposed in engineering, product development and certification capabilities to meet global standards and support domestic as well as export market opportunities.

In addition, Yash Highvoltage intends to undertake a brownfield expansion of its Oil-Impregnated Paper (OIP) bushing manufacturing facility to cater to rising demand from transformer manufacturers, utilities and power infrastructure developers.

The company said that the planned investments are expected to increase manufacturing capacity, expand its product portfolio and strengthen technological capabilities.

India's power generation and transmission sector is witnessing significant investments driven by renewable energy integration, grid modernisation initiatives, rising electricity demand, industrialisation, urbanisation, data centre growth and electric vehicle infrastructure development. Yash believes these industry trends present long-term growth opportunities across both domestic and international markets.

Commenting on the development, Keyur Shah, Chairman and Managing Director of Yash Highvoltage Ltd., said that the proposed fund raise marks an important milestone in the company's growth journey and will provide flexibility to execute strategic expansion plans while maintaining a prudent capital structure.

He added that the planned entry into the 550 kV RIP bushing segment represents a transformational opportunity that will strengthen manufacturing and testing capabilities, expand the company's product portfolio, and enable participation in a larger share of the high-voltage and high-current power equipment market.

Monarch Networth Capital Ltd. acted as the Exclusive Financial Advisor and Sole Investment Banker for the proposed INR 151 crore preferential equity raise.