Advait Energy Transitions Limited announced that its material subsidiary Advait Greenery Private Limited has executed seven strategic Memorandums of Understanding during the inauguration ceremony of its Phase I - 30 MW Alkaline Electrolyser Assembly Facility on March 13, 2026. The MOUs span across green hydrogen projects, battery energy storage systems, solar energy solutions, and academic collaborations.

Strategic Partnerships for Green Hydrogen Development

The subsidiary has formed key alliances to strengthen its position in the green hydrogen sector. The collaboration with Deep Industries Limited focuses on jointly participating in green hydrogen tenders floated by major entities including NTPC, SECL, IOC, HPCL, BPCL, GAIL, and state utilities. Similarly, the partnership with G Power Solutions aims to develop, promote, and execute green hydrogen projects across India, targeting industrial, commercial, and public sector clients.

Battery Energy Storage System Collaborations

Advait Greenery Private Limited has secured significant partnerships for battery energy storage solutions. The agreement with MKC Infrastructure Limited and Hexatron Industries Limited covers BESS solutions and solar PV module supply, including supply and synchronization of BESS components and EPC support. A major collaboration with Wuhan Huagong International Development Co., Ltd focuses on establishing a 2.5 GWh BESS manufacturing line, encompassing design, manufacture, supply, installation, and commissioning.

Solar EPC and Academic Partnerships

The subsidiary has entered into a strategic alliance with Mecpower Solutions Limited to jointly identify, evaluate, and bid for solar EPC tenders, primarily targeting ground-mounted solar EPC projects across Gujarat, Maharashtra, Rajasthan, Uttar Pradesh, and Madhya Pradesh. Additionally, an academic collaboration with Ganpat University - U. V. Patel College of Engineering will support curriculum development, industrial training, internships, skill development, and research activities in green hydrogen, solar energy, battery energy storage systems, and fuel cell technologies.

Facility Launch and Future Compliance

The MOUs were executed during the inauguration of the Phase I - 30 MW Alkaline Electrolyser Assembly Facility, marking a significant milestone in the company's green energy transition strategy. The company has indicated that specific disclosures as per SEBI Circular No. HO/49/14/14(7)2025-CFDDPOD2/1/3762/2026 dated January 30, 2026, will be filed once detailed agreements with respective parties are executed with complete specifications.

Advait Energy Transitions Limited has issued a comprehensive clarification to BSE Limited and National Stock Exchange of India Limited regarding a media report about a turnkey project order from Dakshin Gujarat Vij Company Limited (DGVCL). The company has categorically stated that the media report is misleading and confirmed that no new order has been received from DGVCL, emphasizing that the project disclosure was already made in December 2025.

Company's Response to Media Report

Advait Energy Transitions has strongly refuted claims in the media report, clarifying that no new order or contract was awarded by DGVCL. The company emphasized that the referenced project had already been disclosed to stock exchanges and that the media coverage was misleading regarding the timeline and nature of the order.

Timeline of Project Events

The company provided a detailed chronology of events to clarify the actual sequence of the DGVCL project award:

Advait Energy emphasized that it was the lead bidder with 95% participation in the project, while HEC Infra Projects Limited had minimal participation of only 5%. Due to this minimal involvement, HEC's name was not specifically mentioned in the earlier disclosure made to the stock exchanges.

Regulatory Compliance and Material Impact

The company addressed specific queries raised by the stock exchanges, confirming full compliance with regulatory requirements. Advait Energy stated that no material information had been withheld from the stock exchanges and that it has maintained complete transparency in accordance with SEBI (LODR) Regulations, 2015.

Regarding material impact, the company assessed that the media article does not create any price sensitivity movement, as the referenced work order had already been announced and the market had factored it in. The company confirmed that no regulatory or legal proceedings have been initiated in relation to the matter.

Management Statement

The clarification was signed by Deepa Fernandes, Company Secretary & Compliance Officer, and submitted to both BSE Limited and National Stock Exchange of India Limited. The company reiterated its commitment to regulatory compliance and emphasized that it has no direct or indirect exposure related to the misleading media publication.