b Terms / Rights attached to equity shares

The Company has only one class of equity shares having a par value of C 5 per share. Each holder of equity shares is entitled to one vote per share. All shares are pari passu with reference to all rights realting thereto. In event of liquidation, the equity share holders are eligible to receive the remaining assets of the company after ditribution of allthe preferential amounts in proportion to their shareholding.

The dividend proposed by the Board of Directors if any, is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend.

The company has only One class of equity shares at a face value of C5 per share. Each shareholder is eligible for one

vote per share.

1.1 Pursuant to a Shareholders’ resolution dated 19^th April 2024, the Company has issued and allotted 43,06,215 Equity Shares of face value of C 10 each as a bonus share in the ratio of 7:5 out of Reserve and Surplus.

1.2 Pursuant to a Shareholders’ resolution dated 08^th July, 2024, the Company has splitted its par value of C 10 to C 5 each. Accordingly the nos of equity shares increased by 73,82,083.

1.3 Pursuant to a Shareholders’ resolution dated 08^th July 2024, the Company has issued 73,82,083 Equity Shares of face value of C 5 each as a bonus shares issue in the ratio of 2:1 out of Reserve and Surplus.

1.4 The Company has issued and allotted 64,05,000 Equity Shares of face value of C 5 each at the price of C 146 each (including C 141 Security Premium) for total consideration of C 9351.30 Lakhs through SME IPO (Initial Public Offer) on Bombay Stock Exchange of India (BSE). Pursuant to the allotment of Equity shares, the paid up Equity Share capital of the company stands increased at C 1427.56 Lakhs.

6.1 The Bank Facilities of Working Capital such as Cash Credit, Working Capital Demand Loan, Letters of Credit and Bank Guarantee are obtained from Axis Bank and are secured by hypothecation of Company’s entire current assets incl. Stocks of Raw Materials, Semi-Finished and Finished Goods, Consumable Stores and Spares, Book Debts as a primary security as well as by the personal guarantee of the directors [however, till 27^th Novebmer, 2023, there were personal gurantee by two directors] of the Company. Rate of Interest therein is Repo Rate 2.25 %. Collateral Security to these limits is EM/RM on industrial property at 84-A/1 & B/1, PO, Khakharia, Taluka Savli, Vadodara.

6.2 Please refer to note no. 3.1 to 3.5 for details of Details of Security, Rate of Interest, EMI (Amount & Nos.) with respect to long term Borrowing.

As per AS-20, if the number of ordinary or potential ordinary shares outstanding increases as a result of a capitalisation, bonus issue or share split, or decreases as a result of a reverse share split, the calculation of basic and diluted earnings per share for all periods presented shall be adjusted retrospectively. If these changes occur after the reporting period but before the financial statements are approved for issue, the per share calculations for those and any prior period financial statements presented shall be based on the new number of shares. Pursuant to a Shareholders’ resolution dated 19^th April 2024 & dated 8^th July 2024, the Company has issued and allotted Equity Shares through bonus issue in the ratio of 7:5 & 1:2 respectively. In addition, shareholder's resolution dated July 08, 2024 the company has also splitted its par value of C 10 per share to C 5 per share and accordingly. per share have been adjusted in the financial statements for all the earlier periods presented in the financial statements.

34 Research & Development Expense

The company carries on in-house Research & Development (R&D) for development of new product range as well as upgradation / increasing efficiency of existing product range. The company has also obtained approval of its R&D Unit(s) from Department of Scientific and Industrial Research (DSIR). Expenses directly attributable to R&D activity have been presented under the head "R&D Expenses" under Note 26 Other Expenses to the extent identifiable. The Company would also have incurred other costs in terms of portions of common expenditures and overheads toward the aforesaid Research & Development activities during the year ended. However, the same have not been separately segregated.

35 Post Employment Benefits

Providend Fund and ESI dues paid during the year being defined contributions have been charged to the Profit and Loss Account in the respective year in which the same has been incurred.

The Company's policy of Leave Encashment is a short-term compensation plan. Accordingly, amount of (Till 31^st March 2025) C17,75,063/- & C 2,42,544/- (FY 2023-24) towards Leave Encashment during the year has been debited to P&L account and total of (Till 31^st March 2025) C 13,79,814 & (FY 2023-24) C 5,87,151/- is appearing as liability in the financial statements. [Note: All figures mentioned here is in aboslute terms]

The Company has defined benefit Gratuity plan. The Company has availed the services of acturial valuation for creating a provision towards Gratuity and accordingly the amount towards Gratuity is provided for as per the actuarial valution report. The company has also created a plan asset by making contribution towards Gratuity Fund maintained with Life Insurance Corporation of India to the tune of (Till 31^st March 2025) C 12,78,798/- & (FY. 2023-24) C 11,87,592/- which has been shown as a deduction form the Present Value of Gratuity Obligations as per the Actuarial Valuation Report. [Note: All figures mentioned here is in aboslute terms]

Note: In connection with the Initial Public Offering (IPO) of equity shares of the Company, the issue comprised of both a fresh issue of shares by the Company and an Offer for Sale (OFS) by promoter of the Company - Mr. Keyur Shah.

Apportionment of Expenses:

The total IPO expenses have been allocated between the Company and the promoter in proportion to the respective gross proceeds raised through the fresh issue and the offer for sale except where separate bifurcation is available. Accordingly, the Company has recognized only its proportionate share of IPO-related expenses (i.e., 916.63 Lakhs) in its books of accounts. These expenses have been adjusted against the Securities Premium Account in accordance with the provisions of Section 52 of the Companies Act, 2013. The balance portion of the IPO expenses attributable to the promoter has been borne by him i.e. Keyur Shah and has not been charged to the Company’s Statement of Profit and Loss or reserves.

the said act, as per the information received from them on requests made by the company. In addition, The company deals with the various micro and small enterprises on mutually accpeted terms and conditions. Accordingly no interest is payable if the terms are adhered to by the company. Accordingly no interest has been paid or is due and no provision for the interest payable to such units is required or has been made under the Micro, Small & Medium Enterprises Developement Act, 2006.)

44. The Board of Directors of the Company, at its meeting held on 09 January 2025, considered & approved the “Yash Highvoltage Employee Stock Option Scheme - 2025” (ESOS-2025). Subsequently the shareholders of the company, by postal ballot approved the scheme on 07 March 2025 for the 11,42,000 stock options to be offered to the employees of the company. In this regard, the company has also received the In-principal approval from the BSE Limited vide their letter dated 07 April 2025 for the said scheme.

48. The financial statements were authorized for issue in accordance with a resolution passed by the Board of Directors on 20^th May, 2025. The financial statements as approved by the Board of Directors are subject to final approval by its Shareholders.

46. The previous year figures have been regrouped/reclassified wherever necessary to corrospond with the current year classification for the comparison.

47. Other Statutory information

i) The Company does not have any benami property, where any proceeding has been initiated or pending against the company for holding any benami property.

ii) The Company do not have any transactions with companies struck off.

iii) The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

iv) The Company have not traded or invested in Crypto currency or Virtual Currency during the year/period ended.

v) The Company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall: directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

vi) The Company have not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:

a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

vii) The Company do not have any such transaction which is not recorded in the books of accounts and that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961)

viii) There is no Scheme of Arrangements approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

ix) The company is not declared as wilful defaulter by any bank or financial Institution or other lender.

(x) The company has only one subsidiary in India and accordingly provisions of section 2(87) of the Companies Act, 2013 read with Companies (Restriction on number of layers) Rules, 2017 is not applicable to the company.

(xi) The title deed of the immovable property are held in the name of company only.