Advait Energy Transitions Limited has announced the incorporation of three new subsidiaries to strengthen its renewable energy portfolio and expand its business operations across multiple segments of the clean energy sector. The company disclosed this development under Regulation 30 on April 28, 2026.

Three Strategic Subsidiaries Incorporated

The company has established three specialized subsidiaries, each targeting distinct segments of the renewable energy and sustainability market:

Financial Structure and Shareholding

All three subsidiaries share identical financial structures with uniform capital arrangements:

Business Focus Areas

Advait Battery Ecosystems Private Limited

This subsidiary will focus on developing, manufacturing and providing energy storage systems, EV batteries and integrated power solutions. The company's main objectives include:

• Designing and manufacturing Battery Energy Storage Systems (BESS) for utility-scale, commercial, industrial, and residential applications
• Manufacturing and distributing Electric Vehicle (EV) batteries and specialized battery packs
• Establishing battery recycling and refurbishment facilities
• Acting as an Independent Power Producer (IPP) for BESS assets

Advait Carbon Advisory & Renewables Assets Private Limited

Specializing in carbon advisory and sustainability services, this entity will provide:

• Carbon advisory, ESG consulting, and sustainability reporting services
• Carbon credit trading and climate strategy advisory
• Carbon footprint assessment and validation support
• Development and management of renewable energy projects and environmental attributes

Advait Unified Renewable Assets Private Limited

Focused on power generation and infrastructure, this subsidiary will engage in:

• Independent Power Plant operations and electricity generation
• Transmission, distribution and trading of electricity
• Construction of utility projects including power plants and transmission lines
• Manufacturing of electric motors, generators, and transformers

Registered Office and Compliance

All three subsidiaries are incorporated under the Companies Act, 2013 and share the same registered office address at A-801 to 803, Sankalp, Iconic, Opp. Vikram Nagar, Bodakdev, Ahmadabad City, Ahmedabad- 380054, Gujarat. The incorporations constitute related party transactions as all entities are subsidiaries of Advait Energy Transitions Limited. No governmental or regulatory approvals are required for these acquisitions, and the business activities of all subsidiaries align with the parent company's main line of renewable energy business.

Advait Energy Transitions Limited has officially confirmed to stock exchanges that it does not qualify as a "Large Corporate" under the Securities and Exchange Board of India (SEBI) circular pertaining to fund raising by issuance of debt securities by large entities. The confirmation was filed on April 28, 2026, with both BSE Limited and National Stock Exchange of India Limited.

Regulatory Compliance Disclosure

The company submitted its confirmation in accordance with SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, which establishes the framework for debt securities issuance by large corporates. The disclosure demonstrates the company's adherence to regulatory requirements regarding its classification status.

Financial Position and Credit Rating

As part of the mandatory disclosure format, Advait Energy Transitions provided key financial details in a structured annexure:

The company's outstanding borrowing position of Rs. 47.12 crores as on March 31, 2026, falls below the threshold criteria that would classify it as a Large Corporate under the SEBI framework. The A-/Stable credit rating from CRISIL reflects the company's creditworthiness during the previous financial year 2025-26.

Corporate Structure and Leadership

Advait Energy Transitions Limited, formerly known as Advait Infratech Limited, operates under the leadership of Chief Financial Officer Narayan Singh and Company Secretary & Compliance Officer Deepa Fernandes (FCS No. 13015). Both executives digitally signed the regulatory filing, ensuring proper authorization and compliance with corporate governance requirements.

Regulatory Framework Context

The SEBI framework referenced in the filing relates to Chapter XII of the SEBI Operational Circular dated August 10, 2021, as amended. This framework establishes specific criteria for identifying Large Corporates and mandates certain compliance requirements for entities that fall under this classification. By confirming its non-applicability, Advait Energy Transitions clarifies its regulatory status and associated compliance obligations.

The company's confirmation serves as an important disclosure for investors and stakeholders, providing transparency regarding its regulatory classification and ensuring compliance with SEBI's disclosure requirements for listed entities.