Advait Energy Transitions Limited announced that its subsidiary, Advait Battery Ecosystems Private Limited (ABEPL), has entered into a Master Supply Agreement (MSA) with Hithium for the purchase of lithium iron phosphate (LFP) prismatic battery cells. The agreement secures the supply of up to 1 GWh of cells over the next year to support the company's upcoming battery energy storage system assembly operations.

Executed on September 18, 2026, the MSA involves the supply of 314 Ah LFP prismatic cells from Hithium, a global energy storage manufacturer and BloombergNEF Tier 1 supplier. This arrangement is designed to strengthen ABEPL's domestic supply chain capabilities as it scales manufacturing for utility-scale and commercial energy storage applications.

Strategic alignment with capacity expansion

The cell supply framework directly supports ABEPL's planned 2.5 GWh annual-capacity cell-to-container BESS assembly facility. Located in Gangad, Gujarat, this facility is being developed to cater to utility-scale, commercial and industrial energy storage, and renewable energy integration needs. The initial offtake structure aligns with the ramp-up phase of the facility's production capabilities.

Bhushan Shahane, Chief Operating Officer at ABEPL, stated that partnering with Hithium reflects a strategy to integrate world-class cell technology into their domestic ecosystem. He emphasized that a dependable, high-volume supply chain is central to delivering cost-optimized, high-performance energy storage solutions to the Indian market.

Building an integrated manufacturing ecosystem

This agreement complements ABEPL's broader strategy of developing an integrated BESS supply chain through specialized technology partnerships. Previously, ABEPL entered into a strategic collaboration with Adaptive Engineering for engineering design, Energy Management System (EMS) architecture, and system integration. With Hithium now securing the critical cell supply side, the company is advancing its partnership-led model.

Key aspects of the agreement

What the numbers show

The disclosed figures reveal a phased approach to capacity utilization. While the target facility has an annual capacity of 2.5 GWh, the immediate commitment under the MSA is capped at 1 GWh for the next year. This suggests that the initial phase of the agreement covers approximately 40% of the facility's theoretical annual output, likely reflecting a gradual ramp-up period or specific project-based demand rather than full-scale continuous operation from day one.

Advait Energy Transitions, formerly known as Advait Infratech Limited, continues to expand its portfolio beyond traditional power transmission infrastructure into green hydrogen, electrolyser manufacturing, and clean energy EPC. The Gangad facility is scheduled to begin commercial production soon.

Advait Energy Transitions Limited has disclosed the voting results for its 16th Annual General Meeting held on September 21, 2026. All 16 resolutions proposed by the board, including the declaration of a final dividend and various related-party transactions, were passed by shareholders.

The meeting, chaired by Chairman Dinesh Patel and Managing Director Shalin Sheth, saw members approve several special business items related to capital allocation and corporate governance. The scrutinizer’s report confirmed that no votes were declared invalid across any of the resolutions.

Dividend Payout Details

The board recommended a dividend rate of ₹2 on each equity share with a face value of ₹10. Shareholders voted overwhelmingly in favor of this resolution, with 7,921,070 votes cast in favor and only 1 vote against. The company stated that the dividend will be credited to registered holders within 30 days of the meeting’s conclusion. Physical warrants or demand drafts will be dispatched to members who have not registered their Electronic Clearing Service (ECS) mandates.

Key Resolutions Approved

Shareholders voted on 16 items of business, including ordinary and special resolutions. The ordinary business included the adoption of standalone and consolidated financial statements for FY26 and the reappointment of Mrs. Rejal Sheth as a director retiring by rotation.

The special business resolutions focused on expanding the company’s operational flexibility through related-party transactions and increased borrowing powers.

Capital and Related-Party Transactions

Members approved the following key measures:

• Reappointment of Mr. Ramesh Agrawal as an Independent Director.
• Approval of remuneration for related parties Ms. Rutvi Sheth and Mr. Vatsal Kundalia.
• Increase in limits for investments, loans, and guarantees under Section 186 of the Companies Act, 2013.
• Enhancement of the company’s overall borrowing power.

Loans to Subsidiaries

The AGM authorized loans to three subsidiary entities under Section 185 of the Companies Act, 2013:

Additionally, shareholders approved material related-party transactions with AURA, AGPL, Advait Transmission Tools Private Limited (ATTPL), and ABBPL. The resolution also covered transactions between subsidiaries and their respective related parties.

Meeting Logistics

The 16th AGM was conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM) in compliance with Ministry of Corporate Affairs and SEBI guidelines. Remote e-voting was available from September 17, 2026, to September 20, 2026. Ms. Deepa Fernandes, Company Secretary, confirmed that voting results would be disseminated to stock exchanges and uploaded on the company website and NSDL portal.