Advait Energy Transitions AGM Approves ₹1.75 Dividend, Borrowing Limit Increase

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Advait Energy Transitions Limited (formerly known as Advait Infratech Limited) announced the results of its 15th Annual General Meeting (AGM) held on September 19, 2025, where shareholders approved key resolutions, including a dividend of ₹1.75 per equity share and an increase in the company's borrowing power to ₹1,000 crore.

The meeting, which took place at Ahmedabad Management Association (AMA), saw the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2025, and the re-appointment of M/s V. Goswami & Co. as statutory auditors.

Key Resolutions Approved:

1. Adoption of Audited Financial Statements for the year ended March 31, 2025.

1. Declaration of dividend at the rate of ₹1.75 (17.50%) per equity share of ₹10 each.

1. Re-appointment of Mr. Shalin Sheth (DIN: 02911544) who retires by rotation.

1. Re-appointment of M/s V. Goswami & Co., Chartered Accountants as the Statutory Auditors of the Company.

1. Appointment of Mr. Tejpal Singh Bisht (DIN: 02170301) as an Independent Director.

1. Approval of loan to be given to Advait Greenergy Private Limited under Section 185 of the Companies Act, 2013.

1. Increase the borrowing power of the Company to ₹1,000 Crores.

1. Creation of charge/security on the Company’s assets with respect to borrowing.

1. Approval of material Related Party Transactions with Advait Greenergy Private Limited.

1. Appointment of M/s RPSS & Co, Company Secretaries as Secretarial Auditors of the Company.

1. Approval of the sale of 2750 shares of Advait Greenergy Private Limited to Alethea Tradeline Private Limited.

The voting results, combining remote e-voting and poll, showed strong support for all resolutions, with the majority receiving 100% of valid votes in favor.

Voting Details:

• Record Date: September 12, 2025
• Total Number of Shareholders on Record Date: 32,736
• Number of Resolutions Passed: 11

The voting results for each resolution are as follows:

Rajesh Parekh, Partner of M/s. RPSS & Co., Company Secretaries, served as the Scrutinizer for the remote e-voting and poll.

All Remote e-voting electronic data containing a list of equity shareholders who voted “FOR” and “AGAINST” each resolution and all other relevant records were handed over to the Chairman of the meeting.