Subsequent intimation to the Stock Exchange on reporting of Cyber Fraud is sent herewith.
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Yash Highvoltage Ltd has disclosed a cyber fraud incident involving Rs. 2.10 crores. The fraud impact includes Rs. 1.36 crore lost against material already received (partial shipment on March 31, 2026) and Rs. 73.90 lakhs lost due to non-receipt of material. This is a follow-up to an initial intimation made on March 31, 2026. The company has filed complaints with the National Cyber Crime Reporting Portal and the Vadodara Police Commissioner office on April 9, 2026. Additionally, the company has identified measures to strengthen controls around document reviews and due diligence processes.
This cyber fraud represents a direct financial loss of Rs. 2.10 crores, which could negatively impact the company's financials and investor sentiment. The incident highlights potential weaknesses in the company's vendor verification and payment processing controls.