Analysts/Institutional Investor Meet/Con. Call Updates

Date: November 5, 2026 To, To, General Manager The Manager Department of Corporate Services Listing Compliance Department BSE Limited National Stock Exchange of India Limited Listing Department Exchange Plaza, Plot No. C/1, Phiroze Jeejeeboy Tower, Dalal Street, G Block, Bandra - Kurla Complex, Fort Mumbai-400 001 Bandra (East), Mumbai 400 051 Scrip code: 543230 Symbol: ADVAIT Sub: - Transcript of the Post Results Conference Call on Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026 Dear Sir/ Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, kindly find enclosed herewith transcript of the Post Results Conference Call on the Unaudited Financial Results for the quarter and half year ended September 30, 2026 held on November 2, 2026. The same can also be accessed at the Company’s website at www.advaitgroup.co.in Thanking You, Yours Faithfully, For Advait Energy Transitions Limited Deepa Fernandes Company Secretary & Compliance Officer FCS: 13015 Encl: A/a “Advait Energy Transitions Limited Q2 H1 FY27 Earnings Conference Call” November 02, 2026 MANAGEMENT: MR. SHALIN SHETH – FOUNDER AND MANAGING DIRECTOR – ADVAIT ENERGY TRANSITIONS LIMITED MR. VATSAL KUNDALIA – MANAGING DIRECTOR – ADVAIT GREEN ENERGY MR. NARAYAN SINGH – CHIEF FINANCIAL OFFICER – ADVAIT ENERGY TRANSITIONS LIMITED MR. PRIYANK SHAH – HEAD F&A, INVESTOR RELATIONS – ADVAIT ENERGY TRANSITIONS LIMITED MS. RUTVI SHETH KUNDALIA – HEAD HUMAN RESOURCES AND STRATEGY – ADVAIT ENERGY TRANSITIONS LIMITED MR. CHAITANYA MALLURWAR – HEAD, ELECTORLYSER DIVISION – ADVAIT ENERGY TRANSITIONS LIMITED Errors & Omissions Expected: This transcript is edited for factual and grammatical errors. In case of discrepancies, the audio recordings uploaded on the stock exchange and company website on 2ND November, 2026 will prevail Advait Energy Transitions Limited November 02, 2026 Moderator: Good morning everyone. Welcome to Advait Energy Transitions Limited's Q2 and H1 FY27 earnings conference call hosted by Concept Investor Relations. On the call today we have Mr. Shalin Sheth, Founder and MD, Advait Energy Transitions Limited. Mr. Narayan Singh, Chief Financial Officer. Ms. Rutvi Sheth Kundalia, Head Human Resources and Strategy. Mr. Priyank Shah, Head F&A, IR and Corporate Affairs. Mr. Vatsal Kundalia, Managing Director, Advait Greenergy Private Limited. Please note, a copy of all the disclosures is available in the investors section of the website as well as on the stock exchange. Anything said on this call which reflects the outlook for the future or which could be construed as a forward-looking statement must be reviewed in conjunction with the risks that the company faces. Now I shall hand the call over to Mr. Shalin Sheth, Founder and MD, Advait Energy Transitions Limited, for his opening remarks. Thank you, and over to you, sir. Shalin Sheth: Thank you, madam, and welcome everybody. I'm Shalin Sheth. Good morning to everyone, and a warm welcome to our Q2 and H1 financial year '27 earnings call. Joining us today along with our team, our investor relations advisors, Concept PR. It is always pleasure to connect with you. As we look back at the first half of FY27, I would like to share how we are progressing on Advait's journey on building on our established strengths while expanding into new areas of energy transition where we already put our place in last three to four years. Advait has built its foundation in power transmission and substation solutions by developing capabilities in specialized products and execution-led solutions. Execution and delivery has always been the forte of our group. Over time, this foundation has enabled us to take on more complex assignments, deepen our manufacturing capabilities, and expand into newer areas of the energy transition. We look forward at this half year, we have focused on two connected priorities: continuing to deliver in the business that have built our credentials and legacy while investing into capabilities that will support Advait's next phase of growth. Let me begin with update on our upcoming manufacturing facility.  Gangad Facility I am pleased to share that we are making steady progress on manufacturing capabilities outlined earlier. At Gangad, Gujarat, the work is progressing towards planned Phase 1 operationalization of our integrated manufacturing facility by Q4 financial year '27. This expansion will strengthen our capabilities across power transmission and substation solutions new and renewable energy while providing the infrastructure to support our future growing business pipeline. Page 2 of 17 Advait Energy Transitions Limited November 02, 2026 For our 2.5 GWh BESS manufacturing facility, which can be expandable up to 5 GWh, We have placed the final plant and machinery orders, and the plant is expected to be operational by Q4 financial year '27. This is an important execution milestone as we build capabilities in a segment with specific growth potential an extremely, sensitive capital allocation. Overall, these investments are aimed at strengthening our execution capacity, broadening our technology offerings, and positioning Advait to capture opportunities across energy transitions value chain. We'll share further updates as we move forward through implementation milestones.  Order Book We saw encouraging business momentum in first half. Our consolidated order book including the L1 positions stood at about INR 1,575 crores as on September 30th, 2026, reflecting year- on-year growth by 47%. The strong order book provides us with a healthy revenue visibility and reflects the continued confidence of our customers in Advait’s capabilities. With strong pipeline of opportunities across the business, we remain focused on converting these opportunities in orders and building sustainable platform for growth. Our priority remains to convert order book into timely delivery while maintaining the disciplined approach to project selection and working capital. H1 execution and completed orders. Moving beyond the order book, I would like to highlight the progress we have made in execution during the first half of FY27. During this half year, we successfully, executed orders worth of INR 400 crores. Our ability to execute across our business and delivery on customer commitments - our focus remains on maintaining execution discipline, ensuring timely delivery, and strengthening our track record as we continue to scale up our operations.  Power Transmission Solution (PTS). In our PTS solution business, we continue to strengthen our order positions supported by demand across the transmission infrastructure distribution network and specialized power transmission solutions. During the period, we secured distribution-related orders from, DGVCL about INR 52 crores. We also received multiple orders from PGVCL. In addition, we have also received very milestone-specific orders for the ERS, OPGW, stringing tools, and our upcoming facilities. India's continued investment in transmission capacity, grid modernization, Constraints in expanding transmission network and our offering as a solution, renewable energy evacuation, are creating opportunities across all the product segments we have been focused. Our focus remains on leveraging our established capabilities, expanding our product offerings, and converting this demand into sustainable business growth.  New & Renewable Energy Solution (NRE). Page 3 of 17 Advait Energy Transitions Limited November 02, 2026 In the new renewable energy business, H1, Financial year '27 was marked by progress across battery energy storage, C&I applications, green hydrogen, and manufacturing capabilities. In BESS storage, we secured the new order of 150 Mw /300 MWh standalone BESS system in Junagadh, Gujarat. This is also an important step in strengthening our presence in energy storage segment complete value chain, whe [Showing first 8,000 characters — download PDF for full document]