Advait Energy Transitions has announced a major contract win worth ₹100 crore from Dakshin Gujarat Vij Company Limited (DGVCL) for MVCC power infrastructure development under the KSY program. This significant order represents a substantial addition to the company's order book and reinforces its position in the power infrastructure sector.

Contract Details

The contract encompasses MVCC (Medium Voltage Control Center) power infrastructure development, which forms a critical component of electrical distribution systems. The project falls under the KSY program framework, indicating its alignment with broader infrastructure development initiatives.

Strategic Significance

This contract win marks a significant milestone for Advait Energy Transitions, demonstrating the company's technical capabilities and competitive positioning in the power infrastructure market. The substantial value of the contract indicates the scope and complexity of the MVCC infrastructure project.

The partnership with DGVCL, a prominent electricity distribution company in Gujarat, establishes a strong foundation for potential future collaborations in the region's power sector development.

Business Impact

The ₹100.00 crore contract represents a major addition to the company's revenue pipeline and validates its expertise in power infrastructure solutions. This order win positions Advait Energy Transitions to capitalize on the growing demand for electrical infrastructure upgrades and modernization across India.

The project's inclusion under the KSY program framework suggests alignment with government initiatives aimed at strengthening power distribution infrastructure, potentially opening doors for similar opportunities in other regions.

Advait Energy Transitions Limited has completed the allotment of 420 equity shares to employees under its Employee Stock Option Plan 2022 on December 15, 2025. The Board of Directors approved this allotment through a circular resolution, marking another step in the company's employee incentive program.

ESOP Allotment Details

The key parameters of the share allotment are presented below:

The newly allotted shares rank pari-passu with existing equity shares of the company in all respects. These shares were issued pursuant to employees exercising stock options granted under the Advait Infratech Limited Employee Stock Option Scheme 2022.

Updated Share Capital Structure

Following the allotment, the company's capital structure has been updated:

ESOP Scheme Framework

The Employee Stock Option Plan 2022 encompasses several key features designed to align employee interests with company growth:

Scheme Objectives:

• Motivate employees to contribute to company growth and profitability
• Retain employees and reduce attrition rates
• Achieve sustained growth and shareholder value creation
• Create ownership sense and participation among employees
• Provide additional deferred rewards to employees

Key Terms:

• Total Coverage: 2,00,000 equity shares under the scheme
• Vesting Period: Options vest in tranches between one to three years from grant date
• Exercise Period: Stock options can be exercised within one year from vesting date
• Exercise Price: Determined by the nomination and remuneration committee

Regulatory Compliance

The allotment was conducted in compliance with SEBI regulations, specifically under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also fulfilled disclosure requirements under Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The company filed its initial ESOP statement with the stock exchange on April 21, 2023, and continues to maintain transparency in its employee benefit programs through regular regulatory filings.