Statement of Deviations and Variations for the financial year ended 31st March 2026 is attached herewith.
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Yash Highvoltage Ltd has filed a compliance statement confirming 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 crore through its IPO on December 19, 2024. Of this, Rs. 79.20 crore has been utilized as of March 31, 2026 — Rs. 62.93 crore towards setting up a new factory, Rs. 7.86 crore for general corporate purposes, and Rs. 8.41 crore for issue expenses. The remaining funds continue to be deployed as per the stated objects. The Audit Committee reviewed and approved this statement on May 13, 2026.
No deviation in fund utilization is positive for shareholders, confirming the company is adhering to its stated IPO objectives. This reflects good corporate governance and alignment with investor commitments.