Advait Energy Transitions Limited has informed the Exchange regarding allotment of 5630 securities pursuant to Preferential Issue at its meeting held on March 04, 2026
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Advait Energy Transitions has allotted 5,630 equity shares to two non-promoter investors upon conversion of warrants issued earlier. The shares were issued at Rs. 1,776 each (face value Rs. 10, premium Rs. 1,766) on a preferential basis. Allottees are Rameshbhai Karsanbhai Patel and Archit Grag, each receiving 2,815 shares. This follows an earlier allotment of 1,41,591 convertible warrants in September 2024, of which 5,630 are now being converted after the holders paid the 75% balance amount of Rs. 74.99 lakh. Post-allotment, paid-up equity capital stands at Rs. 10.94 crore (1,09,43,011 shares of Rs. 10 each). Separately, 5,630 warrants held by N. Prakash and Rashi Bhandari lapsed after the 18-month conversion window expired, and the upfront amount on those warrants has been forfeited.
This is a small, routine conversion of warrants with negligible dilution impact (less than 0.01% of total share count). Shareholders should note the forfeiture of the remaining 5,630 warrants, which is a one-time gain for the company as the upfront consideration received on lapsed warrants is retained.