Advait Energy Transitions Allots 5,630 Equity Shares Through Warrant Conversion

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. Parameter: Details Total Shares Allotted: 5,630 Issue Price per Share: ₹1776 Premium per Share: ₹1766 Face Value: ₹10 Balance Amount Received: ₹74,99,160 Allottee Information The equity shares were allotted to two non-promoter investors who exercised their conversion rights within the stipulated timeframe. Allottee Name: Category Shares Allotted Rameshbhai Karsanbhai Patel: Non-Promoter 2,815 Archit Grag: Non-Promoter 2,815 Total: 5,630 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. Warrant Holder: Warrants Applied Warrants Converted Warrants Forfeited N.Prakash: 2,815 0 2,815 Rashi Bhandari: 2,815 0 2,815 Total: 5,630 0 5,630 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. Rating Category: Previous Rating Revised Rating Long Term Rating: CRISIL BBB+/Stable CRISIL A-/Stable (Upgraded) Short Term Rating: CRISIL A2 CRISIL A2+ (Upgraded) Total Bank Facilities: Rs 110 Crore Rs 405 Crore 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 . We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.