Advait Energy Transitions Limited has successfully completed the allotment of 5,630 equity shares through warrant conversion while simultaneously forfeiting an equal number of unconverted warrants. The Board of Directors approved this corporate action through a circular resolution passed on March 04, 2026.

Warrant Conversion Details

The company converted 5,630 warrants into equity shares at an issue price of ₹1776 per share, including a premium of ₹1766. This conversion was part of the original warrant issuance of 1,41,591 convertible warrants that were allotted on September 06, 2024.

Allottee Information

The equity shares were allotted to two non-promoter investors who exercised their conversion rights within the stipulated timeframe.

Impact on Share Capital

Following the allotment, the company's issued and paid-up equity share capital has increased to ₹10,94,30,110, consisting of 1,09,43,011 equity shares of ₹10 each. The newly allotted shares rank pari-passu with existing equity shares in all respects.

Warrant Forfeiture

Simultaneously, the company forfeited 5,630 warrants from holders who failed to exercise their conversion option within the 18-month deadline ending March 04, 2026.

The forfeiture was executed in accordance with Regulation 169(3) of Chapter V of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. The amounts received on these forfeited warrants will be retained by the company as per regulatory provisions.

Advait Energy Transitions Limited has announced a significant credit rating upgrade from CRISIL Ratings Limited, marking a positive development in the company's financial standing. The rating agency published the revised ratings on March 2, 2026, reflecting improved creditworthiness across multiple parameters.

Credit Rating Enhancement Details

The rating upgrade encompasses both long-term and short-term facilities, demonstrating CRISIL's confidence in the company's financial stability and operational performance.

Facility Coverage Expansion

The total bank loan facilities rated by CRISIL have increased substantially from Rs 110 crore to Rs 405 crore. This significant expansion in rated facilities indicates the company's growing operational scale and enhanced borrowing capacity. The upgrade in both long-term and short-term ratings suggests improved financial metrics and operational efficiency.

Regulatory Compliance

Advait Energy Transitions Limited communicated this development to both BSE Limited and National Stock Exchange of India Limited on March 3, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company trades under the symbol ADVAIT on NSE and scrip code 543230 on BSE.

Corporate Information

The company, formerly known as Advait Infratech Limited, operates under CIN L45201GJ2010PLC059878 and maintains its corporate office in Ahmedabad. Company Secretary and Compliance Officer Deepa Fernandes signed the regulatory filing, confirming the rating upgrade information would be made available on the company's website at www.advaitgroup.co.in .