Advait Infratech Ltd

Advait Energy Transitions Ltd announced a board decision to sell 80% stakes in Advait Battery Ecosystems Private Limited (ABEPL) and Advait Carbon Advisory & Renewables Assets Private Limited (ACARA) to its material subsidiary, Advait Greenergy Private Limited. The sale of each subsidiary involves 8,000 equity shares at ₹10 each, aggregating to ₹80,000 per subsidiary. This transaction will make ABEPL and ACARA step-down subsidiaries. Additionally, the board approved the grant of 7376 stock options under the Advait Employee Stock Option Plan 2022. The sale is expected to be completed by September 15, 2026.

Advait Energy Transitions Ltd has received a report under SEBI SAST Regulations regarding an inter-se transfer of equity shares. Promoter Shalin Sheth acquired 10,00,000 shares (9.14% holding) from Rejal Sheth (spouse) as a gift on June 16, 2026. This transaction is considered an off-market, inter-se transfer among the promoter group and is claimed to be exempt under Regulation 10(1)(a)(ii) of SEBI SAST Regulations. The aggregate shareholding of the promoter and promoter group remains unchanged post-transfer. The company has filed the report with SEBI and relevant stock exchanges, along with payment of applicable fees.

Advait Energy Transitions Ltd has secured a turnkey contract worth ₹58.25 crore from Paschim Gujarat Vij Company Ltd (PGVCL). The contract involves the conversion of existing 11 kV HT & LT Line network into an underground cable network at Adhewada (Akwada) in Bhavnagar Circle, Gujarat. The scope includes site survey, design, engineering, procurement, installation, testing, and commissioning, along with GIS mapping and asset tagging. The project is to be executed within 18 months. This order falls under the SI Scheme (Package-18) and is a domestic contract.

Advait Energy Transitions Ltd has secured a turnkey contract worth ₹52.57 crore from Paschim Gujarat Vij Company Ltd (PGVCL) for the conversion of an 11 kV HT & LT Line network into an underground cable network in the Ranavav-Porbandar Circle. The project, designated as Package-58, involves site survey, design, engineering, procurement, installation, testing, and commissioning, including GIS mapping and asset tagging. The execution period for this contract is 18 months. This award signifies a significant business development for Advait Energy, bolstering its order book and reinforcing its position in the energy infrastructure sector.

Advait Energy Transitions Ltd has secured a turnkey contract worth ₹64.20 crore from Paschim Gujarat Vij Company Ltd (PGVCL). The contract involves the conversion of the existing 11kV HT and LT line network, including consumer service lines, into an underground cable network with a ring main system in Mandvi city. The scope includes site survey, design, engineering, procurement, supply, installation, testing, and commissioning, along with GIS mapping and asset tagging. The project is to be executed within 18 months.

Advait Energy Transitions Ltd has secured a turnkey contract worth ₹75.56 crore from Paschim Gujarat Vij Company Ltd (PGVCL). The contract involves the conversion of existing 11kV HT & LT Line network into an underground cable network, including site survey, design, engineering, procurement, installation, testing, and commissioning. The project, located in the Udyognagar-Porbandar circle under PGVCL (Package 61), is to be executed within 18 months. This award signifies a significant business development for Advait Energy, expanding its project portfolio in the power infrastructure sector.

Advait Energy Transitions Ltd has secured a significant order worth ₹51,61,56,375.00 from Dakshin Gujarat Vij Company Ltd (DGVCL). The contract is for a turnkey project involving the supply, installation, testing, and commissioning of 11KV 55mm2 AAAC Medium Voltage Covered Conductor (MVCC) with accessories. This project is part of the Vanbandhu Kalyan Yojana-2 (VKY-2) Scheme or other similar schemes within DGVCL's jurisdiction. The execution period for this contract is 15 months. This order represents a substantial business win for Advait Energy, reinforcing its position in the power infrastructure sector.

Advait Energy Transitions Ltd has announced the closure of its trading window for all designated persons and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's code of conduct. The trading window will remain shut from July 1, 2026, until 48 hours after the company's financial results for the quarter ending June 30, 2026, are made public. This measure is standard practice to prevent potential insider trading activities around the release of financial information.

Promoter Shalin Sheth has acquired 10,00,000 shares, representing 9.14% of the diluted share capital, in Advait Energy Transitions Limited from Rejal Sheth. This transaction is an inter-se transfer among promoters and is considered a gift, with no monetary consideration involved. Following the acquisition, Shalin Sheth's shareholding increased from 51.20% to 60.34%, while Rejal Sheth's decreased from 14.88% to 5.74%. The acquisition was made in reliance upon exemption under Regulation 10(1)(a)(i) of the SEBI (SAST) Regulations, 2011, and the necessary disclosures were made within the stipulated timeline.

Rejal Sheth, a promoter of Advait Energy Transitions Ltd (formerly Advait Infratech Limited), has off-market sold 5.74% of their shareholding. Prior to the sale, Rejal Sheth held 14.88% (16,28,179 shares) of the company's total share capital. After the sale, their holding has reduced to 9.14% (6,28,179 shares). The total equity share capital of the company remains unchanged at 1,09,43,011 shares.