Outcome of the Board meeting is sent herewith.
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Yash Highvoltage's board approved the Board's Report for FY25 and recommended a final dividend of INR 1 per share (20% on face value of INR 5) for FY24-25, subject to shareholder approval, with 6th September 2025 set as the record date. The board also appointed Y.S. Thakar & Co. as Cost Auditor for FY25-26 and Mr. Kashyap Shah & Co. as Scrutinizer for the 23rd AGM. Additionally, the board provided an update on a strategic 50:50 joint venture with Quality Power Electrical Equipments Limited to acquire 100% of Sukrut Electric Company Private Limited, a 70-year-old transformer components maker formerly part of Germany's Maschinenfabrik Reinhausen, at an enterprise value of approximately EUR 1 million (INR 10.2 Crore). The target operates from Chakan, Pune, and the deal aims at operational turnaround and consolidation in the transformer component space.
The 20% final dividend signals steady returns for shareholders, while the low-cost acquisition (INR 10.2 Crore) of a legacy transformer components maker through a JV with Quality Power could expand the company's product base and create synergy in the power equipment value chain, though execution and turnaround risks remain.