Advait Energy Transitions Limited promoter Shalin Sheth will acquire a 9.14% equity stake in the company through an inter-se transfer from his spouse, Mrs. Rejal Sheth. The transaction involves the acquisition of 10,00,000 fully paid-up equity shares of ₹10 each via an off-market gift transaction scheduled on or after June 15, 2026. This transfer 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 disclosure was submitted to BSE Limited and the National Stock Exchange of India Limited in compliance with Regulation 10(1)(a)(iii) read with Regulation 10(5) of the SEBI SAST Regulations. The acquirer confirmed that the transferor and transferee have complied with applicable disclosure requirements in Chapter V of the Takeover Regulations, 2011. As the transfer is a gift, no consideration is involved, and the acquisition price is nil.

The proposed acquisition will alter the shareholding structure of the promoter group. Shalin Sheth's holding, along with Persons Acting in Concert (PACs) other than the sellers, will rise from 56,02,500 shares (51.20%) to 66,02,500 shares (60.34%). Conversely, the shareholding of the seller, Mrs. Rejal Sheth, will decrease from 16,28,179 shares (14.88%) to 6,28,179 shares (5.74%).

Shareholding Pattern

The rationale for the transfer is cited as an inter-se transfer by the promoter to an immediate relative. The acquirer has declared that all conditions specified under regulation 10(1)(a) regarding exemptions have been duly complied with.

Advait Energy Transitions Limited reported a 55% year-on-year increase in profit after tax (PAT) to INR19.96 crores for the quarter ended March 31, 2026, driven by strong execution across its power transmission and renewable energy segments. Revenue from operations for Q4FY26 rose 18% to INR228 crores from INR193 crores in the corresponding period of the previous year, while EBITDA grew 49% to INR28.78 crores. The board has recommended a dividend of INR2 per equity share for the financial year 2026, subject to shareholder approval.

For the full financial year FY26, the company recorded an 80% surge in revenue to INR714.52 crores compared to INR397.66 crores in FY25. Annual PAT increased by 75% to INR58.08 crores, and EBITDA rose 64% to INR83.78 crores. The order book reached an all-time high of INR1,304 crores, marking a 159% year-on-year growth, with 64% contributed by the power transmission solution business and 36% from the new and renewable business segment.

Financial Performance

The standalone financial performance for Q4FY26 showed revenue increasing by 62% year-on-year to INR154 crores. Standalone EBITDA for the quarter increased by 64% to INR23 crores, with margins standing at 15%. Standalone PAT for the quarter was INR10 crores, a 59% increase from the previous year. For the full year FY26, standalone revenue grew 52% to INR448 crores, while standalone PAT increased 47% to INR46 crores. The debt-equity ratio stood at 0.46 times as on March 31, 2026, compared to 0.23 times in the previous year.

Strategic Developments

During Q4FY26, the company secured several key orders, including an ERS supply order worth INR70 crores from MNRE and its first direct EPC order in Uttarakhand worth INR33 crores. It also received an EPC order of INR27 crores from GETCO for re-conductoring. The company received NABL laboratory certification for its manufacturing facility and OPGW product supplier approval from three new state utility boards.

Looking ahead, the company is developing a multi-integrated manufacturing facility near Dholera, expected to be operational by Q4 FY27. This facility will focus on battery energy storage systems (BESS) with a capacity of 2.5 gigawatthours and electrolyzers manufacturing with a Phase 1 capacity of 100 MW. Management expressed confidence in delivering sustained revenue growth of 40% plus, supported by a robust tender pipeline of opportunities worth INR2,000 crores.