Yash Highvoltage Limited

1. Unique positioning in the Indian Transformer Bushing Market.

2. Strong industry tailwinds will augment demand for bushings product.

3. Strong track record of supply and installation creates entry barriers for new players.

4. Long standing and deep relationships with distinguished clientele leading to recurring business.

5. Advanced infrastructure, manufacturing facility and R&D capabilities.

6. Stringent quality measures and adherence to quality standards.

7. Experienced and strong management team and trained workforce.

1. The company intend to utilize a portion of the Net proceeds for setting up the Proposed Manufacturing Facility at Plot 32-A, Suncity Industrial Park, Savli, Vadodara, Gujarat. The company is yet to place orders for some plant, machinery and equipment and apply for requisite government approvals for the Proposed Manufacturing Facility. If the company is unable to commission its Proposed Manufacturing Facility without time and cost overruns or unable to adhere to the schedule of implementation, it may adversely affect its business, results of operations and financial conditions.

2. There can be no assurance that the Objects of the Issue will be achieved within the time frame anticipated or at all, or that the deployment of the Net Proceeds in the manner intended by it will result in any increase in the value of your investment. Further, the plan for deployment of the Net Proceeds has not been appraised by any bank or financial institution.

3. The company depends on limited suppliers for its raw material requirements. The loss of one or more such suppliers could adversely affect its business, results of operations, financial condition and cash flows.

4. Its raw material cost constitutes a significant percentage of the company total expenses. Any increase in the prices of raw materials or a change in its customers preference of raw material suppliers could adversely affect its reputation, business, results from operations, financial conditions and cash flows.

5. Its business is dependent on the sale of the company products to certain key customers. The loss of any such customers or a significant reduction in the sales made to such customers, could materially adversely affect its business, results of operations and financial condition.

6. Majority of its revenue is dependent on single business segment i.e. transformer bushings. Any adverse impact on sales of transformer bushings would adversely affect its operations and profitability.

7. All its existing manufacturing facilities and Proposed Manufacturing Facility are situated at Vadodara, Gujarat resulting in concentration in a single region. Any slowdown or shutdown or any interruption for a significant period of time at our existing manufacturing facilities and Proposed Manufacturing Facility for a significant period of time, may in turn adversely affect its business, financial condition and results of operations.

8. Certain of its Group Companies (which are no longer not related parties) have not consented to the inclusion of, nor have they provided, information or any confirmations or undertakings pertaining to themselves, which are required to be disclosed in relation to Group Companies under the SEBI ICDR Regulations in this Red Herring Prospectus. Consequently, its cannot assure you that the disclosures relating to such Group Companies are complete or up-to-date.

9. Information relating to the historical installed capacities of its Manufacturing Facilities included in this Red Herring Prospectus may be based on certain assumptions and estimates by the chartered engineer.

10. The company has entered into certain related-party transactions, and its may continue to do so in the future.