A statement of Deviation and Variation for the Half year ended 30th September 2025 attached.
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Yash Highvoltage Ltd has confirmed that there is no deviation or variation in the use of proceeds from its Initial Public Offer (IPO) during the half year ended 30th September 2025. The company had raised Rs. 93.51 crore through its IPO on 19th December 2024. As per the original plan, Rs. 70.34 crore was earmarked for setting up a new factory, Rs. 14.76 crore for general corporate purposes, and Rs. 8.41 crore for issue expenses. Out of the total Rs. 93.51 crore raised, the company has utilised Rs. 42.47 crore as of September 2025, with full deployment of issue expenses (Rs. 8.41 crore), Rs. 31.46 crore towards the new factory, and Rs. 2.60 crore for general corporate purposes. The statement has been reviewed by the Audit Committee.
Positive signal for shareholders — the company is deploying IPO funds as promised without any deviation, reinforcing management credibility and disciplined capital allocation. The factory capex utilisation (about 45% of the allocation) shows steady progress, though a large portion is still pending deployment.