ADVAIT · price
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Advait Energy Transitions Ltd (formerly Advait Infratech Limited) held its 15th AGM on September 19, 2025, and all 11 resolutions were passed with near-unanimous shareholder approval. Shareholders approved the adoption of audited standalone and consolidated financial statements for FY ending March 31, 2025, and declared a dividend of ₹1.75 per equity share (17.50% on face value of ₹10). Key special resolutions approved include raising the company's borrowing limit to ₹1,000 Crores, creating charges on company assets, approving a loan to subsidiary Advait Greenergy Private Limited under Section 185, and selling 2,750 shares of Advait Greenergy to Alethea Tradeline Private Limited. About 67% of total equity shares (73.28 lakh out of 1.09 crore shares) participated in voting, with promoters voting 100% in favour and public dissent being negligible (just 11 to 30 shares against on most resolutions). Director appointments of Shalin Sheth, Tejpal Singh Bisht, and re-appointment of statutory auditor V. Goswami & Co. were also approved.
The AGM outcome is positive and routine — shareholders got a ₹1.75 dividend and endorsed the management's plans to expand borrowings up to ₹1,000 Crores and restructure subsidiary holdings. No controversial resolutions were rejected, and the near-zero dissent indicates strong shareholder confidence with no expected short-term negative impact on the stock.