Board approves internal subsidiary restructuring and ESOP grants
ADVAIT · price
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Board approved selling 80 percent stake each in two newly formed subsidiaries Advait Battery Ecosystems and Advait Carbon Advisory and Renewables Assets to its own subsidiary Advait Greenergy, making them step-down subsidiaries. Both entities were incorporated in April 2026 with nil turnover and net worth of about Rs 1 lakh each; consideration is just Rs 80,000 each at face value. Expected completion by September 15, 2026. Separately, 7,376 stock options were granted at Rs 10 per share under ESOP 2022, with 3,097 options lapsing.
Internal restructuring of inactive subsidiaries with negligible financial impact. ESOP grants may cause minor future dilution but at face value pricing.