Advait Energy Transitions Limited has secured a new order worth ₹75,56,30,411 from Paschim Gujarat Vij Company Ltd (PGVCL) for the conversion of an existing LT line network, including consumer service lines, into an underground cable network. The project, awarded on July 9, 2026, involves a turnkey contract for site survey, designing, engineering, procurement, supply, installation, testing, and commissioning at Udyognagar Subdivision (part-1) in Porbandar Circle. The work includes GIS mapping and asset tagging under the SI Scheme (Package-61) and must be executed within 18 months.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The order was received in the normal course of business and does not involve any related party transactions or promoter group interests.

PGVCL Order Details

The table below outlines the key particulars of the contract:

Shalin Sheth, a promoter of Advait Energy Transitions Limited , has acquired 10,00,000 equity shares representing a 9.14% stake in the company through an inter-se transfer. The transaction, which took place on June 16, 2026, involved the transfer of shares from Rejal Sheth to Shalin Sheth as a gift, pursuant to the dissolution of a trust and the distribution of its assets to the beneficiary.

The acquisition is classified as an off-market inter-se transfer among persons belonging to the Promoter Group. Consequently, the transaction is exempt from making an open offer under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The aggregate shareholding of the Promoter and Promoter Group remains unchanged following this transfer.

Shareholding Details

The transfer resulted in a significant realignment of shareholding between the two promoters. Shalin Sheth's stake in the company increased from 51.20% to 60.34%, while Rejal Sheth's stake decreased from 14.88% to 5.74%.

Regulatory Compliance

The acquirer complied with the requisite regulatory timelines for disclosures. The prior intimation under Regulation 10(5) of the SEBI SAST Regulations was submitted to the stock exchanges on June 9, 2026. Subsequently, the post-acquisition report under Regulation 10(6) was filed on June 19, 2026, along with the disclosure under Regulation 29(2) on June 18, 2026.

A report under Regulation 10(7) was submitted to the Securities and Exchange Board of India (SEBI) on July 4, 2026. The filing included a fee of ₹1,77,000, comprising ₹1,50,000 plus GST of ₹27,000. The company confirmed that the transaction does not involve any consideration, as it was executed by way of a gift between immediate relatives.