Advait Energy Transitions Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Advait Energy Transitions Limited (formerly Advait Infratech Limited) has filed a statement confirming that funds raised through preferential issues of equity and warrants have been utilized as per the stated objects, with no material deviation. The company raised Rs 82.30 crore through equity allotment in July 2024 and Rs 6.29 crore through warrant subscription in September 2024. Additional warrant conversions occurred from March 2025 to March 2026, with 5,630 warrants forfeited due to non-payment by 2 warrant holders. Internal reallocation of funds occurred between Working Capital, Capital Investment in Plant and Machinery, and General Corporate Purposes, but this did not constitute a formal deviation under SEBI regulations. The audit committee reviewed and approved this statement on May 27, 2026.
This is a routine compliance filing that confirms proper utilization of raised capital. For shareholders, it indicates the company is deploying funds toward working capital, capex, and subsidiary investments as disclosed, though internal reallocation between objects has occurred.