Advait Energy Transitions MD, chairman, board of directors and AGM
NSE: ADVAITBSE: 543230Electrical EquipmentSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹1,630.50.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹1,731 Cr1,153rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Earlier quarters restated in the year
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 27 May 2026
- 6.2
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.13%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 7 Aug 2026
- 24.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 27 May 2026
- 0.31
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 67,78348.2% delivered
Advait Energy Transitions board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Managing directorSHALIN SHETH
- ChairpersonDINESH BABULAL PATEL
- Company Secretary and Compliance OfficerDEEPA FERNANDES
7 directors4 independent2 executive1 non-executive
- SHALIN SHETH · Managing directorExecutive · joined Mar 2010 · reappointed Aug 2024 · 1 listed board · 1 committee seat
- REJAL SHETHExecutive · joined Mar 2010 · reappointed Aug 2024 · 1 listed board · 1 committee seat
- DINESH BABULAL PATEL · ChairpersonNon-executive · joined Sep 2019 · 1 listed board · 1 committee seat, 1 as chair
- BAJRANGPRASAD NAHARMAL MAHESHWARIIndependent · joined Aug 2019 · reappointed Aug 2024 · 83 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- RAMESH KUMAR AGRAWALIndependent · joined Sep 2021 · 57 months as independent · 1 listed board · 1 as independent · 1 committee seat
- VARSHA BISWAJIT ADHIKARIIndependent · joined Nov 2023 · 31 months as independent · 5 listed boards · 5 as independent · 5 committee seats, 1 as chair
- TEJPALSINGH JAGATSINGH BISHTIndependent · joined Aug 2025 · 10 months as independent · 3 listed boards · 3 as independent · 2 committee seats
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 27 May 20266 of 7 present4 independent · 42 days in between
- 14 Apr 20267 of 7 present4 independent · 61 days in between
- 11 Feb 20267 of 7 present4 independent
Audit Committee
Chair BAJRANGPRASAD NAHARMAL MAHESHWARI
RAMESH KUMAR AGRAWAL, VARSHA BISWAJIT ADHIKARI, SHALIN SHETH
- 27 May 20264 of 4 present3 independent · 42 days in between
- 14 Apr 20264 of 4 present3 independent · 61 days in between
- 11 Feb 20264 of 4 present3 independent
Nomination and remuneration committee
Chair BAJRANGPRASAD NAHARMAL MAHESHWARI
RAMESH KUMAR AGRAWAL, DINESH BABULAL PATEL, VARSHA BISWAJIT ADHIKARI
- 27 May 20263 of 4 present3 independent · 104 days in between
- 11 Feb 20263 of 4 present2 independent
Stakeholders Relationship Committee
Chair DINESH BABULAL PATEL
BAJRANGPRASAD NAHARMAL MAHESHWARI, REJAL SHETH, VARSHA BISWAJIT ADHIKARI
- 27 May 20263 of 4 present2 independent · 194 days in between
- 13 Nov 20252 of 4 present1 independent
Corporate Social Responsibility Committee
Chair BAJRANGPRASAD NAHARMAL MAHESHWARI
RAMESH KUMAR AGRAWAL, SHALIN SHETH, REJAL SHETH
- 27 May 20264 of 4 present2 independent · 194 days in between
- 13 Nov 20252 of 4 present1 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- V.GOSWAMI & COPeer-review certificate valid to Sep 2028
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Advait Energy Transitions AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Advait Energy Transitions dividend history
Annual general meeting, 21 Sep 2026
34,813 shareholders on the register on 14 Sep 2026; present: 3 promoters and 53 others; votes counted by Rajesh Parekh / RPSS & Co..The company's voting result (opens in a new tab)
To consider and adopt (a) the audited Standalone Financial Statements of the Company for the financial year ended 31st March 2026,together with the Reports of the Board of Directors and the Statutory Auditor thereon and (b) the audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2026, together with the Report of the Statutory Auditor thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.38% · promoters 100.00% · institutions 0.08% · other public 16.98%
- To declare a dividend on equity shares for the financial year ended 31st March, 2026 at the rate of Rs. 2.00 (20%) per equity share of the Face value of Rs. 10 of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.38% · promoters 100.00% · institutions 0.08% · other public 16.98%
- To appoint Mrs. Rejal Sheth (DIN: 02911576), who retires by rotation, as a DirectorOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 72.38% · promoters 100.00% · institutions 0.08% · other public 16.98%
- To re-appoint of Mr. Ramesh Agrawal (DIN: 09195375) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 72.38% · promoters 100.00% · institutions 0.08% · other public 16.98%
- To approve the remuneration of related party, Ms. Rutvi Sheth, holding Office or Place of Profit in the CompanyOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 5.62% · promoters 0.00% · institutions 0.08% · other public 16.98%
- To approve the remuneration of related party, Mr. Vatsal Kundalia, holding Office or Place of Profit in the CompanyOrdinaryPromoters have an interest in it99.47% for0.53% against
Against: promoters 0.00% · institutions 0.00% · other public 0.53%
Turnout: all 5.55% · promoters 0.00% · institutions 0.08% · other public 16.76%
- To approve the Increase Limits to Make any Investment/ giving any Loan or Guarantee/ providing Security Exceeding the Ceiling Prescribed under Section 186 of the Companies Act, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.38% · promoters 100.00% · institutions 0.08% · other public 16.97%
- To increase the borrowing power of the Company under Section 180(1)(c) and other applicable provisions, if any, of the Companies Act, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.38% · promoters 100.00% · institutions 0.08% · other public 16.98%
- To approve the loan to be given to Advait Unified Renewable Assets Private Limited (“AURA”) under Section 185 of the Companies Act, 2013SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 72.38% · promoters 100.00% · institutions 0.08% · other public 16.98%
- To approve the loan to be given to Advait BESS Bhesaan Private Limited (“ABBPL”) under Section 185 of the Companies Act, 2013SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 72.38% · promoters 100.00% · institutions 0.08% · other public 16.98%
- To approve the loan to be given to Advait Greenergy Private Limited (“AGPL”) under Section 185 of the Companies Act, 2013SpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 72.38% · promoters 100.00% · institutions 0.08% · other public 16.98%
- To approve the material Related Party Transaction(s) between the Company and Advait Greenergy Private Limited (“AGPL”)OrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 5.62% · promoters 0.00% · institutions 0.08% · other public 16.98%
- To approve the material Related Party Transaction(s) between the Company and Advait Unified Renewable Assets Private Limited (“AURA”)OrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 5.62% · promoters 0.00% · institutions 0.08% · other public 16.98%
- To approve the material Related Party Transaction(s) between the Company and Advait Transmission Tools Private Limited (“ATTPL”)OrdinaryPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 5.62% · promoters 0.00% · institutions 0.08% · other public 16.98%
- To approve the material Related Party Transaction(s) between the Company and Advait BESS Bhesaan Private Limited (“ABBPL”)OrdinaryPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 5.62% · promoters 0.00% · institutions 0.08% · other public 16.98%
- To approve the material Related Party Transaction(s) Between Subsidiaries and/or with their related partiesOrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.01%
Turnout: all 5.62% · promoters 0.00% · institutions 0.08% · other public 16.98%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Stakes in unlisted companies
Reported in the filing for the quarter to Jun 2026.
- Unlisted stake boughtADVAIT CARBON ADVISORY & RENEWABLES ASSETS PRIVATE LIMITEDSince 20 Apr 2026
80.00% bought in the quarter; holding 80.00%, from 0.00%
- Unlisted stake boughtADVAIT BATTERY ECOSYSTEMS PRIVATE LIMITEDSince 27 Apr 2026
80.00% bought in the quarter; holding 80.00%, from 0.00%
- Unlisted stake boughtADVAIT UNIFIED RENEWABLE ASSETS PRIVATE LIMITEDSince 27 Apr 2026
80.00% bought in the quarter; holding 80.00%, from 0.00%
- Unlisted stake boughtADVAIT BESS BHESAAN PRIVATE LIMITEDSince 25 May 2026
51.00% bought in the quarter; holding 51.00%, from 0.00%
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Mar 2026. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far. Where a statement's revised amounts repeat the whole raise, the amounts first set aside are shown instead.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere | Spent elsewhere, amount |
|---|---|---|---|---|---|---|
| Preferential IssuesJul 2024 | 82.30 | Working Capital Requirements | 10.21 | 10.21 | No | 5.21 |
| Preferential IssuesJul 2024 | 82.30 | Capital Investment in Plant and Machinery | 10.93 | 10.93 | No | 39.07 |
| Preferential IssuesJul 2024 | 82.30 | To Meet investment in subsidiary to mitigate any business prospects and | 43.00 | 43.00 | No | 39.00 |
| Preferential IssuesJul 2024 | 82.30 | General corporate purpose | 18.16 | 18.16 | No | 5.14 |
| Preferential IssuesSep 2024 | 24.40 | Working Capital Requirements | 2.00 | 0.34 | No | 1.66 |
| Preferential IssuesSep 2024 | 24.40 | Capital Investment in Plant and Machinery | 10.00 | 19.74 | No | 9.74 |
| Preferential IssuesSep 2024 | 24.40 | To Meet investment in subsidiary to mitigate any business prospects and | 1.00 | 4.30 | No | 3.30 |
| Preferential IssuesSep 2024 | 24.40 | General corporate purpose | 12.15 | 0.00 | No |