Yash Highvoltage Ltd — Important, 31-03-2026: Company Update

Yash Highvoltage Limited reported a cyber fraud involving its raw material supplier. The company processed a payment of 2.10 Cr to a fraudulent bank account after receiving a seemingly legitimate email request for bank detail changes. Of this amount, 1.36 Cr was for materials already received, and 0.739 Cr for materials not yet received. The fraud came to light when the supplier reported non-receipt of funds. While the incident has no material impact on company operations, Yash Highvoltage is filing a formal complaint and strengthening its internal controls to prevent future occurrences. The company is also evaluating fund recovery with bankers.