The 16th Annual General Meeting was held through Video Conferencing / Other Audio Visual Means (VC/OAVM) on Monday, September 21, 2026. The meeting commenced at 12:30 p.m. (IST) and concluded at 1:17 p.m. (IST).
Mr. Dinesh Patel chaired the proceedings of the Meeting. The Company Secretary confirmed that the Meeting was held through VC/OAVM in compliance with circulars issued by the Ministry of Corporate Affairs, Government of India and Securities and Exchange Board of India.
Mr. Dinesh Patel, Chairman and Mr. Shalin Sheth, Managing Director briefed members about the business operations of the Company and future strategic goals.
Remote e-voting commenced at 9:00 a.m. (IST) on Thursday, September 17, 2026 and concluded at 5:00 p.m. (IST) on Sunday, September 20, 2026. Mr. Rajesh Parekh (Membership No. A8073) - Partner, M/s. RPSS & Co., Practicing Company Secretaries was appointed as the scrutinizer to scrutinize the voting through poll paper at the meeting and remote e-voting.
The following items of business were considered for members' approval:
Ordinary Business
1. Consideration and adoption of (a) the audited Standalone Financial Statement for the financial year ended 31st March 2026 with Reports of the Board of Directors and Statutory Auditor, and (b) the audited Consolidated Financial Statement for the financial year ended 31st March 2026 with Report of the Statutory Auditor
2. Declaration of dividend on equity shares at the rate of ₹2.00 per equity share of ₹10 each for the financial year ended March 31, 2026
3. Appointment of Mrs. Rejal Sheth, who retires by rotation as a Director
Special Business
4. Re-appointment of Mr. Ramesh Agrawal (DIN: 09195375) as an Independent Director of the Company
5. Approval of remuneration of related party, Ms. Rutvi Sheth, holding Office or Place of Profit in the Company
6. Approval of remuneration of related party, Mr. Vatsal Kundalia, holding Office or Place of Profit in the Company
7. Approval to increase limits to make any investment/ giving any Loan or Guarantee/ providing Security exceeding the ceiling prescribed under Section 186 of the Companies Act, 2013
8. Approval to increase the borrowing power of the Company
9. Approval of Loan to be given to Advait Unified Renewable Assets Private Limited (AURA) under Section 185 of the Companies Act, 2013
10. Approval of Loan to be given to Advait BESS Bhesaan Private Limited (ABBPL) under Section 185 of the Companies Act, 2013
11. Approval of Loan to be given to Advait Greenergy Private Limited (AGPL) under Section 185 of the Companies Act, 2013
12. Approval of Material Related Party Transaction(s) with Advait Greenergy Private Limited (AGPL)
13. Approval of Material Related Party Transaction(s) with Advait Unified Renewable Assets Private Limited (AURA)
14. Approval of Material Related Party Transaction(s) with Advait Transmission Tools Private Limited (ATTPL)
15. Approval of Material Related Party Transaction(s) with Advait BESS Bhesaan Private Limited (ABBPL)
16. Approval of Material Related Party Transaction(s) Between Subsidiaries and/or with their related parties
The Company Secretary informed that voting results (remote e-voting and voting at the meeting through electronic voting system) shall be disseminated to the stock exchanges and uploaded on the company website and National Securities Depositories Limited website.
The dividend declared at the Meeting will be credited to members within 30 days from the conclusion of Annual General Meeting. Physical warrants/demand drafts shall be dispatched to members who have not registered their ECS mandates.