Energy Transitions Company allots equity shares on warrant conversion

Advait Energy Transitions Limited has announced the allotment of 1,04,031 equity shares, resulting from the conversion of outstanding warrants. This action follows an earlier intimation on September 6, 2024, regarding the issuance of 1,41,591 convertible warrants. The shares, with a face value of INR10 each, were converted at a price of INR1776 per warrant.

This allotment, approved by the Board of Directors through a circular resolution on July 10, 2025, involves several non-promoter allottees including Ashika Global Finance Private Limited and Triptee Jain. Following this allotment, the company's issued and paid-up equity share capital increases to INR109,297,380, comprised of 10,929,738 equity shares priced at INR10 each. The newly allotted equity shares will rank equally with existing shares.