Company Update

Advait Energy Transitions has provided an update on the utilization of funds raised through its preferential equity issue (INR 82.30 Cr), warrants (INR 6.29 Cr), and subsequent warrant conversions (INR 2.57 Cr) for the quarter ended June 30, 2025. The company confirmed no deviation in the overall use of these funds.

However, it clarified that while original allocations from the equity preferential issue were primarily for capital investment, a portion was re-allocated to meet working capital requirements and investment in a subsidiary.

This strategic re-prioritization ensures funds are deployed efficiently based on evolving business needs.

The Audit Committee has reviewed this statement.