Advait Energy Transitions Ltd

Advait Energy Transitions Ltd — Trading Window closure from October 1, 2026 until 48 hours after the Financial Results for the quarter ending September 30, 2026 become Generally Available Information.

MSA with HiTHIUM

• MSA executed between Advait Battery Ecosystems Private Limited and HiTHIUM.
• MSA executed on September 18, 2026, for up to 1 GWh offtake next year.
• HiTHIUM will supply 314 Ah LFP prismatic cells to Advait for a 2.5 GWh annual BESS facility.
• The facility is under development at Gangad, Gujarat, with commercial production planned soon.
• This arrangement strengthens Advait's domestic BESS manufacturing and supply-chain capabilities.
• HiTHIUM is BloombergNEF Tier 1 global energy storage manufacturer.

AGM Details

• AGM held on 21-09-2026 via VC/OAVM, 12:30–13:17.
• Record date: 14-09-2026.
• Scrutinizer report issued 23-09-2026.
• 16 resolutions were put to vote; all passed.

Dividend

• Dividend approved for FY2026: Rs 2 per equity share.

Ordinary resolutions

• Adopt standalone and consolidated financial statements for FY2026.
• Re-appoint Mrs. Rejal Sheth by rotation.
• Remuneration of related party Ms. Rutvi Sheth approved.
• Remuneration of related party Mr. Vatsal Kundalia approved.
• Material related party transaction with Advait Greenergy Private Limited approved.
• Material related party transaction with Advait Unified Renewable Assets Private Limited approved.
• Material related party transaction with Advait Transmission Tools Private Limited approved.
• Material related party transaction with Advait BESS Bhesaan Private Limited approved.
• Material related party transaction between subsidiaries and their related parties approved.

Special resolutions

• Re-appoint Mr. Ramesh Agrawal as Independent Director.
• Increase limits for investments/loans/guarantees under Section 186.
• Increase borrowing power of the Company.
• Loan to Advait Unified Renewable Assets Private Limited (AURA).
• Loan to Advait BESS Bhesaan Private Limited (ABBPL).
• Loan to Advait Greenergy Private Limited (AGPL).
• Inter-company related party transactions between subsidiaries approved.

Material related party transactions

• AGPL: material RPT; loan; value not disclosed.
• AURA: material RPT; loan; value not disclosed.
• ATTPL: material RPT; intercompany; value not disclosed.
• ABBPL: material RPT; loan; value not disclosed.
• Inter-subsidiaries: RPT between subsidiaries and related parties; value not disclosed.

AGM Details

• 16th AGM held via VC/OAVM on 21 September 2026, 12:30–13:17 IST.
• Remote e-voting ran 17–20 September 2026; Scrutinizer appointed.

Ordinary Business Resolutions

• Adoption of audited standalone and consolidated financial statements for year ended 31 March 2026.
• Dividend declared at Rs 2.00 per equity share for FY2026.
• Re-appointment of Mrs. Rejal Sheth as Director, retiring by rotation.

Special Business Approvals

• Re-appointment of Mr. Ramesh Agrawal as Independent Director.
• Approval of related party remuneration for Ms. Rutvi Sheth (Office/Place of Profit).
• Approval of related party remuneration for Mr. Vatsal Kundalia (Office/Place of Profit).
• Increase limits for investments/loans/guarantees/security beyond Section 186 ceiling.
• Increase the Company’s borrowing power.
• Approval of loan to AURA under Section 185.
• Approval of loan to ABBPL under Section 185.
• Approval of loan to AGPL under Section 185.
• Approval of material related party transactions with AGPL.
• Approval of material related party transactions with AURA.
• Approval of material related party transactions with ATTPL.
• Approval of material related party transactions with ABBPL.
• Approval of material related party transactions between subsidiaries and/or their related parties.

Dividend Timing

• Dividend to be credited within 30 days; physical warrants issued to non-ECS holders.

Voting Status

• Voting results to be intimated to stock exchanges; outcome not disclosed in filing.

Parties and objective

• ABEPL and HiTHIUM are the contracting parties.
• ABEPL is a step-down subsidiary of Advait Energy Transitions Limited.
• MSA executed September 18, 2026 for LFP prismatic cells.

Key terms and economics

• Offtake cap up to 1 GWh over the next year.
• Contract value set at USD 49.5 per kWh up to 350 MWh.
• Prices to be finalized based on receipt of future projects.
• Supply scope includes 314 Ah LFP prismatic cells.
• Initial focus to support Advait's 2.5 GWh BESS assembly capacity.

Governance and impact

• Not a related party transaction.
• Strengthens domestic LFP cell supply for Advait's BESS ramp.
• No termination or amendment disclosed.

Meeting Details

• Date: Thursday, September 24, 2026; time not disclosed.
• Type/Mode: Investor/Analyst meeting, Physical.
• Event: JM Financial Environmental & Energy Conclave.
• Participants: Company Secretary & Compliance Officer.
• Purpose: Investor/analyst interaction at Environmental & Energy Conclave.

Financial highlights (FY26)

• Consolidated revenue from operations: ₹714.52 crore for FY26.
• Consolidated PAT: ₹55.07 crore (incl. associates/JV).
• Basic EPS ₹47.43; Diluted ₹47.36.
• ROCE: 28.08%.

Capital structure & dividends

• Debt-to-equity (consolidated): 0.54x; total borrowings ₹6,670.23 Lakhs.
• CRISIL upgraded long-term rating to A-/Stable.
• Final dividend ₹2.00 per share; cash outflow ₹219.01 Lakhs; record date 14 Sep 2026.

Corporate actions & governance

• Moved to NSE Main Board in Jan 2026; dual listing with BSE.
• Equity stake in AGPL increased to ~69%.

Contingent liabilities

• Contingent liabilities: bank guarantees/LCs ₹33,627.67 Lakhs; claims ₹397.68 Lakhs.

Order details

• Awarding entity: Madhya Pradesh Power Transmission Co. Ltd. (MPPTCL).
• Nature: Turnkey contract for design, manufacturing and supply of Emergency Restoration System (ERS) for EHV lines.
• ERS is suitable for 400kV, 220kV and 132kV voltage classes with accessories.
• Contract value: Rs 1,34,62,48,481.92 incl taxes.
• Execution period: 18 months.
• Contract type: Turnkey.