Yash Highvoltage up-scales RIP bushings plan, approves preferential equity issue
- June 23, 2026
Yash Highvoltage Ltd has planned to upscale its resin impregnated paper (RIP) bushings manufacturing facility, and has proposed to raise Rs.151 crore through a preferential equity issue to finance the expansion.
As part of a multifaceted expansion plan, Yash is expanding the company’s RIP bushings manufacturing facility from the originally envisaged 245kV to the 550kV category.
This strategic initiative is expected to position Yash among a select group of manufacturers capable of serving the extra-high voltage transmission segment and significantly expand its addressable market, a company release said.
Other aspects of the overall expansion plan include a brownfield expansion of the company’s existing oil-impregnated paper (OIP) bushing manufacturing facility to cater to growing demand from transformer manufacturers, utilities and power infrastructure developers. The proposed investments are expected to enhance manufacturing scale, broaden the company’s product portfolio and strengthen its technological capabilities.
Yash also plans to invest in engineering, product development and certification capabilities to meet global standards and address opportunities across domestic and international markets, the release noted.
Preferential equity issue
The company’s board has approved a preferential issue aggregating around Rs.151 crore, subject to shareholder and other requisite statutory and regulatory approvals.
The issue will include 12,62,131 equity shares and 8,32,177 convertible warrants, each warrant convertible into one equity share of the company, at an issue price of Rs.721 per security, aggregating up to approximately Rs.151 crore.
The proposed issue has attracted participation from a distinguished group of institutional investors, family offices and long-term and reputed investors, reflecting strong confidence in the company’s business model, technological capabilities, and long-term growth strategy.
Strategic growth initiatives
According to Keyur Shah, Chairman & Managing Director, Yash Highvoltage Ltd, “The proposed fund-raise marks an important milestone in Yash Highvoltage’s growth journey. We are grateful for the confidence shown by investors, whose support reinforces our conviction in the long-term opportunities emerging within the power generation and transmission sector.”
The proposed capital raise of approximately Rs.151 crore through a combination of equity shares and warrants will provide the company with the flexibility to execute its strategic growth initiatives while maintaining a prudent capital structure. Our planned expansion into the 550kV RIP bushing segment represents a transformational opportunity for the company. The proposed investments will strengthen our manufacturing and testing capabilities, expand our product portfolio and enable us to participate in a significantly larger share of the high-voltage and high-current power equipment market.”
Featured photograph shows an overview of Yash Highvoltage’s manufacturing facility at Halol in Gujarat