Advait Energy Transitions Incorporates BESS Subsidiary

Nature of Update

Incorporation of a new subsidiary company for battery energy storage systems (BESS) business.

Key Operational or Strategic Points

• Subsidiary name: Advait BESS Bhesaan Private Limited
• Corporate Identification Number: U35106GJ2026PTC178464
• Incorporation date: May 25, 2026
• Business focus: Development, procurement, engineering, integration, testing, commissioning, operation, maintenance, consultancy, advisory, technical, management and support services for renewable Battery Energy Storage Systems (BESS)
• Business model: Turnkey/EPC services for captive, grid-connected and off-grid applications for renewable energy storage
• Shareholding: 51% ownership by Advait Energy Transitions Limited
• Initial capital contribution made at face value

Material Financial Impact

• Authorized Share Capital: ₹1,00,000 (Rupees One Lakh Only) divided into 10,000 Equity Shares of ₹10 each
• Paid-up Share Capital: ₹1,00,000 (Rupees One Lakh Only) divided into 10,000 Equity Shares of ₹10 each
• Turnover: Not applicable (new entity)
• The acquisition falls under related party transaction as it is a subsidiary of Advait Energy Transitions Limited
• No governmental or regulatory approvals required for the acquisition
• No indicative time period for completion of the acquisition specified