Advait Energy Transitions Ltd

AGM details

• AGM scheduled for 21 September 2026 at 12:30 PM IST via VC/OAVM.
• Sixteenth AGM to be held as per MCA/SEBI guidelines.

Dividend and voting dates

• Cut-off date for voting is 14 September 2026.
• Record date for dividend eligibility is 14 September 2026.
• Dividend, if declared, will be paid within statutory timelines.

Notice access

• Annual Report and AGM Notice will be emailed to registered members and hosted on the company's website.

Order award details

• Awarding entity: KPI Green Energy Limited.
• Scope: Turnkey EPC contract for 200 MW solar project at Bikaner, Rajasthan.
• Value: ₹ 1,16,00,00,000/- excluding taxes.
• Domestic entity.
• Execution period: 12 months.
• Turnkey scope includes design, supplies, services, testing and commissioning.
• Contract awarded to Advait Greenergy Private Limited, a material subsidiary.
• Order date: August 17, 2026.

Order details

• Awarding entity: Gujarat Energy Transmission Corporation Limited (GETCO) (domestic).
• Nature and scope: Turnkey design, manufacture and supply of ERS for 400KV lines.
• Contract value: Rs 24,88,10,504.80 inclusive of taxes.
• Execution period: 8 months.
• Related party interest: None disclosed.
• Tender reference: CE(P&C)/I/E-3059/ERS/400KV class Transmission Line/2025-26.

Business Overview

• Core business spans Power Transmission Solutions and New & Renewable Energy across manufacturing, EPC, and asset ownership.
• Phase III expands into energy transition with a 1 GW asset platform, scaling to 5 GW.
• First operational green hydrogen microgrid commissioned for THDC India (300 kW electrolyser, 70 kW PEM fuel cell).
• Asset-ownership BESS projects: 50 MW/100 MWh and 150 MW/300 MWh with VGF support.
• Plan to develop integrated EPC/manufacturing to support 1 GW platform, scaling to 5 GW.
• Expanded focus across HTLS, electrolysers, BESS, and solar assets.

Operational Highlights

• Q1FY27 consolidated revenue ₹180.9 Cr; EBITDA ₹24.8 Cr; PAT ₹15.6 Cr.
• Fresh orders ₹255 Cr in Q1FY27; order book ₹1,330 Cr as of 30 June 2026.
• PTS completed 1,590 km OPGW live-line projects for GETCO (₹58 Cr).
• Discom EPCs for VKY-II (DGVCL) ~₹50 Cr; ERS tenders ~₹134 Cr.
• First OPGW supply order from MPPTCL (₹4.7 Cr).
• Unit 3 under construction at Gangad, Gujarat; 4 lakh+ sq ft; operational Q4 FY27.
• Unit 2 to manufacture electrolysers with 30 MW capacity.
• Radhanpur BESS: 50 MW/100 MWh; VGF ₹27 lakh/MWh; COD Nov 2026.
• GUVNL BESS: 150 MW/300 MWh; VGF ₹18 lakh/MWh; COD Nov 2027.
• Participated in 900 MWh standalone BESS tender by GUVNL.
• MoU with Cospower to localize BESS manufacturing in India.
• MoU with Adaptive Engineering to establish integrated BESS platform.
• MoU with MEIL to pursue energy transition opportunities.
• MD highlights sector investment cycle and Advait’s positioning.

Financial Performance

• FY26 consolidated revenue ₹714.5 Cr; PAT ₹58.08 Cr.
• Consolidated EBITDA margin 11.7%; Total Income ₹727.25 Cr.
• Q1FY27 standalone revenue ₹129.3 Cr; EBITDA margin 16.2%; PAT ₹12.6 Cr.
• FY26 standalone revenue ₹447.69 Cr; PAT ₹46.24 Cr.
• D/E ratio 0.3x; Net Worth ₹291 Cr; ROCE 28.0%; ROE 18.6% (FY26).
• FY27 expected orders inflow ₹1,600–₹1,650 Cr.
• Order book up 97% YoY to ₹1,330 Cr; PTS contributes 71%, NRE 29%.

Capital Structure & Liquidity

• Borrowings FY26 end ₹95 Cr.
• New manufacturing facilities: Unit 3 expansion with 4 lakh+ sq ft and multi-technology capabilities.
• Capacity additions include 30 MW electrolysers at Unit 2 and BESS/EC facilities targeting 2.5 GWh and 300 MW electrolyser capacity.

Strategic Outlook & Capacity Expansion

• Phase III aims to scale HTLS, electrolysers, BESS, and renewable asset ownership.
• Target 1 GW renewable asset platform, expanding to 5 GW through integrated EPC/manufacturing.
• GW-scale renewable and energy storage portfolio planned within three years.
• MOUs to build local BESS manufacturing; MEIL partnership for large-scale energy-transition projects.

Risks & Mitigation

• Execution risk in scaling capacity and asset ownership growth.
• Dependence on government funding (VGF) and regulatory/tender approvals for BESS assets.
• Market cyclicality in EPC/T&D orders and timelines for COD milestones.

Governance & Leadership

• MD & Founder: Shri Shalin Sheth reinforces growth tied to India’s energy transition.
• Strategic partnerships and MoUs reinforce governance-driven expansion into BESS and hydrogen.

Standalone highlights

• Revenue from operations ₹12,933.73 lakh.
• Total income ₹13,050.53 lakh.
• PAT ₹1,263.00 lakh; EPS ₹11.54.

Consolidated highlights

• Total income ₹18,090.68 lakh.
• PAT after tax ₹1,562.64 lakh.

Standalone segment details

• PTS revenue ₹12,721.75 lakh; NRE ₹211.98 lakh.
• Standalone total segment revenue ₹12,933.73 lakh.
• Standalone segment PBT ₹2,089.80 lakh; NRE ₹51.99 lakh.
• Standalone PAT ₹1,263.00 lakh.

Consolidated segment details

• Consolidated segment revenue: PTS ₹12,721.75 lakh; NRE ₹5,205.51 lakh.
• Total consolidated segment revenue ₹17,927.25 lakh.
• Consolidated segment PBT: PTS ₹2,143.11 lakh; NRE ₹401.17 lakh.
• Consolidated PBT (before tax) ₹2,092.10 lakh.
• Consolidated PAT after tax ₹1,562.64 lakh.
• Share of profit/(loss) from Associates/JV: -₹82.49 lakh.

Board actions & key dates

• Board approved unaudited Q1 FY2026 standalone and consolidated results.
• Independent Director re-appointed: Mr. Ramesh Kumar Agrawal, 5-year term from Sep 24, 2026.
• Remuneration approvals: Rutvi Sheth up to ₹55 lakh; Vatsal Kundalia up to ₹75 lakh.
• Cut-off date and record date fixed Sep 14, 2026.
• Dividend, if declared, payable within 30 days after AGM.

Auditor & disclosures

• Independent auditor's review: no material misstatement.
• Group operates in Power Transitions and New & Renewable Energy segments.
• Renamed from Advait Infratech Limited to Advait Energy Transitions Limited.

Business model & segments

• Group focuses on Power Transitions (PTS) and New & Renewable Energy (NRE).

Meeting Details

• Meeting date: Friday, August 7, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for quarter ended June 30, 2026.

Other Notes

• Trading window closed from July 1, 2026, until 48 hours after results on August 7, 2026.

Board meeting timings clarified

• Board meeting on 22-Jul-2026 ran from 5:00 PM to 7:18 PM IST.

Promoter Gift Transfer

• Inter-se promoter transfer: 10,00,000 shares gifted on June 16, 2026 amid dissolution of trust.
• Acquirer: Shalin Sheth; transferor: Rejal Sheth; promoter-group transaction.
• Post-transaction promoter holding unchanged at 66.08% of paid-up capital.
• Shareholding by acquirer: 60.34%; by seller: 5.74% of voting share capital.
• Consideration: Nil; inter-se transfer by gift.
• Exemption: Regulation 10(1)(a)(i); open offer not triggered.
• Regulatory filings: 10(5) intimation filed June 9, 2026; 10(6) post-report June 19, 2026; 10(7) fees ₹1,77,000.