Outcome of Board Meeting
ADVAIT · price
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Advait Energy Transitions Ltd's board, meeting on August 5, 2025, approved standalone Q1 FY26 results with revenue from operations of Rs. 7,345.69 lakhs and profit after tax of Rs. 801.06 lakhs (EPS Rs. 7.40). On a consolidated basis, revenue stood at Rs. 11,843.21 lakhs with profit after tax of Rs. 969.39 lakhs, boosted by the Power Transmission segment (Rs. 7,599 lakhs) and a growing New & Renewable Energy segment (Rs. 4,506.51 lakhs). The board appointed Mr. Tejpalsingh Bisht, a retired IPS officer and former Gujarat DGP, as Additional Director for 3 years, subject to shareholder approval. M/s V. Goswami & Co. was reappointed as Statutory Auditor for a second 5-year term. Additionally, 5,631 equity shares were allotted to non-promoter Ravindra Sanghvi at Rs. 1,776 per share on conversion of warrants. The company also fixed September 12, 2025 as the record date for dividend eligibility for FY25.
Q1 FY26 shows strong YoY growth in consolidated revenue (nearly doubled from Rs. 6,026 lakhs) and profit, indicating business momentum especially in the renewable energy segment. The warrant conversion is minor (0.052% post-issue holding) and not dilutive. Shareholders can expect a dividend declaration at the upcoming AGM, with record date already set.