Pursuant to Regulation 32 of the SEBI (LODR) 2015, we hereby confirm that there is no deviation or variation in the utilization of proceeds of the IPO from the objects stated in the Prospectus ....
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Awaiting price reaction for this filing.
Yash Highvoltage Ltd has filed its quarterly SEBI LODR compliance statement confirming there is NO deviation or variation in the use of IPO proceeds from the objects stated in the prospectus dated December 13, 2024. The company raised Rs. 93.51 crores through its IPO on December 19, 2024. During the quarter ended March 31, 2025, it utilized Rs. 17.08 crores of the Rs. 70.34 crores allocated for setting up a new factory for RIP/RIS transformer condenser graded bushings, Rs. 2.60 crores of the Rs. 14.76 crores earmarked for general corporate purposes, and fully utilized the Rs. 8.41 crores set aside for issue expenses. The statement was reviewed and approved by the Audit Committee at its meeting held on May 20, 2025.
This is a routine positive compliance filing — it reassures investors that IPO money is being deployed exactly as promised, with the new bushing factory capex visibly underway. No negative impact on shareholders; reinforces governance and capital allocation discipline.