Advait Energy Transitions Limited declared a final dividend of ₹2 per equity share for the financial year ended March 31, 2026. The payout was approved by shareholders at the company’s 16th Annual General Meeting held on September 21, 2026.

The meeting, chaired by Chairman Dinesh Patel and Managing Director Shalin Sheth, also saw members approve several special business items related to capital allocation and corporate governance.

Dividend Payout Details

The board recommended a dividend rate of ₹2 on each equity share with a face value of ₹10. 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.

Advait Battery Ecosystem Private Limited (ABEPL), a step-down subsidiary of Advait Energy Transitions Limited , has entered into a Master Supply Agreement with Hithium for the purchase of lithium iron phosphate (LFP) prismatic battery cells.

The agreement, executed on September 18, 2026, structures cell offtake of up to 1 GWh over the next year. This partnership anchors the supply chain for Advait’s upcoming 2.5 GWh annual capacity cell-to-container Battery Energy Storage System (BESS) assembly facility in Gangad, Gujarat.

Deal Structure and Pricing

Under the terms disclosed in the exchange filing under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, Hithium will supply 314 Ah LFP prismatic cells. The contractual value is set at $49.5/kWh for the initial tranche of up to 350 MWh. Pricing for volumes beyond this threshold will be determined based on future project receipts.

Strategic Context

Hithium is recognized as a BloombergNEF Tier 1 global energy storage manufacturer. For the first half of 2025 (H1 2025), Hithium reported net profit exceeding RMB 100 million ($14 million USD) and operating cash flow surpassing RMB 1 billion ($140 million USD).

ABEPL, incorporated on April 27, 2026, is building an integrated BESS supply chain. The company has previously collaborated with Adaptive Engineering for engineering design and Energy Management System (EMS) architecture. The Hithium agreement addresses the critical cell sourcing component of this ecosystem.

What the Numbers Show

The pricing structure reveals a tiered approach to volume scaling. With a fixed rate of $49.5/kWh applied only to the first 350 MWh, approximately 65% of the potential 1 GWh annual offtake remains subject to future price negotiations. This suggests that while the initial supply chain risk is mitigated for the first third of the year's capacity, long-term cost certainty depends on subsequent project wins and market conditions for LFP cells.