Shareholders meeting

Date: August 28, 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: “Annual General Meeting" of the Members of the Company” This is to inform that the Sixteenth Annual General Meeting (“AGM”) of the Members of the Company will be held on Monday, September 21, 2026, at 12:30 p.m. IST through Video Conferencing (“VC”)/Other Audio Visual Means (“OAVM”), in accordance with the applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. Kindly find enclosed herewith the Annual Report of the Company for the financial year 2025-26 including Notice convening AGM (“Notice”), which is being sent to the members today i.e. August 28, 2026 through electronic mode. The Annual Report including Notice is also uploaded on the Company’s website and can be accessed at https://www.advaitgroup.co.in/wp-content/uploads/2026/08/Advait-AR-2025-26.pdf. Kindly take this information on your records and acknowledge the receipt. Thanking You, Yours Faithfully, For Advait Energy Transitions Limited (Formerly known as Advait Infratech Limited) Deepa Fernandes Company Secretary & Compliance Officer FCS: 13015 Annual Report 2025-26 BUILDING THE BACKBONE OF INDIA’S ENERGY TRANSITION ADVAIT ENERGY TRANSITIONS LIMITED CONTENTS 01-46 CORPORATE OVERVIEW 47-215 STATUTORY REPORTS 2 Building Leadership in Niche Segments 47 Management Discussion & Analysis 4 The Advait Group Philosophy 60 Corporate Information 6 Advait Energy Transitions Limited 61 Notice 10 Key Performance Indicators 170 Director's Report 12 India's Energy Transition 195 Corporate Governance Report Building the Backbone of India's Energy Transition 216-339 FINANCIAL STATEMENTS 14 The Foundation 216 Standalone Financials 16 The Structure 278 Consolidated Financials 18 The Build 20 The Destination 22 Advait Now. Advait by 2030 24 Statement from the Founder & Managing Director 26 Statement from the Whole Time Director 28 Message from the Head of People, Media and Strategy Message from the Director - Operations & New Businesses 32 Business Segment 1 - Power Transmission Solutions 34 Business Segment 2 - New Renewable Energy 36 The Demand Signal 38 Competitive Edge 40 ESG and Sustainability 42 Risk Management SHAREHOLDER INFORMATION CIN L45201GJ2010PLC059878 ISIN INE0ALI01010 BSE Name 543230 NSE Name ADVAIT Dividend Declared 20% of the Face Value i.e. 2 per share AGM Date September 21, 2026 Video Conferencing (“VC”) / Other Audio Visual AGM Mode Means (“OAVM”) India’s energy landscape is changing at a pace that few industries have seen before. The grid is expanding, the sources feeding it are shifting from fossil fuels to renewables, and the equipment needed to make this transition work, from transmission hardware to electrolysers to battery storage, is being built at scale for the first time. With 17 years of experience in the energy sector, Advait Energy Transitions has built capabilities across power transmission and clean energy solutions. The Company provides transmission infrastructure and equipment for some of India’s most demanding terrains, manufactures clean energy equipment aligned with the country’s evolving energy needs, and is expanding its presence across renewable energy generation and related assets. ADVAIT HAS CONSISTENTLY IDENTIFIED AND CAPTURED NICHE, HIGH-MARGIN OPPORTUNITIES AHEAD OF MARKET ADOPTION, BUILDING DEEP MANUFACTURING COMPETENCE, THEN SCALING THROUGH STRATEGIC TECHNOLOGY PARTNERSHIPS AND ENABLING GLOBALIZATION. From Providers of Transmission Solutions to becoming Enablers of Energy Transition. As the nation advances towards its vision of Viksit Bharat 2047, the energy sector is evolving beyond renewable power generation to the creation of an integrated ecosystem encompassing transmission infrastructure, energy storage, green hydrogen, advanced manufacturing and grid modernisation. With more than half of India’s installed power capacity now coming from non-fossil fuel sources and continued investments in Transmission Networks, Battery Energy Storage Systems (BESS), Renewable Energy, Electrolysers and Digital Grid Infrastructure, India is laying the foundation for one of the world’s largest clean energy economies. This transformation presents a multi-decade opportunity for companies that possess strong engineering capabilities, manufacturing excellence and technology-led solutions to support the nation’s growing energy security and decarbonisation ambitions. Advait Energy Transitions Limited 02 Annual Report 2025-26 Building leadership in Niche Segments through execution-led expansion. Having evolved from a specialised power transmission solutions company into an integrated energy transition enterprise, the Company today operates across Power Transmission, Renewable Energy EPC, Battery Energy Storage Systems (BESS), Electrolyser Manufacturing, Hydrogen Technologies and Clean Energy Infrastructure. Backed by expanding manufacturing capabilities, engineering expertise and global technology partnerships, Advait is committed to delivering sustainable, future-ready solutions that strengthen India’s energy ecosystem while creating long-term value for its shareholders. Guided by innovation, operational excellence and responsible growth, the Company remains focused on contributing meaningfully to India’s aspiration of becoming a developed and energy- secure nation by 2047. CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS 03 ADVAIT GROUP PHILOSOPHY BUILDING LEADERSHIP IN NICHE SEGMENTS THROUGH EXECUTION-LED EXPANSION ADVAIT HAS CONSISTENTLY IDENTIFIED AND CAPTURED NICHE, HIGH-MARGIN OPPORTUNITIES AHEAD OF MARKET ADOPTION — BUILDING DEEP MANUFACTURING COMPETENCE, THEN SCALING THROUGH STRATEGIC TECHNOLOGY PARTNERSHIPS AND ENABLING GLOBALIZATION. PHASE – I (2009 - 2017) FOUNDATION - IDENTIFYING DEFENSIBLE NICHES IN POWER STRUCTURE  Started with EPC representation and trading in Power Transmission across India, Africa and the Middle East — building early customer relationships and domain credibility before committing capital.  Deliberately chose stringing tools and insulators: high-utility, low-competition categories where proprietary application knowledge creates durable pricing power. Captured ~50% domestic market share in stringing tools and ~30% in insulator supply within the first few years. PHASE – II (2017 - 2025) SCALE-UP — IMPORT SUBSTITUTION IN STRUCTURALLY UNDER-SERVED MARKETS  Strategically expanded to entering into in-house manufacturing of import-dependent transmission products, including OPGW Cables and ERS, Stringing Tools supporting the construction of these Power Transmission Projects while also expanding into DISCOM EPC projects to benefit from increasing investments in grid strengthening, smart metering, and distribution infrastructure upgrades.  Maintained financial discipline through the cycle — including COVID — anchoring on profitability over volume. This drove revenue from 38 Cr (FY21) to 700 Cr (FY26), a ~90% CAGR over 5 years, while sustaining EBITDA margins consistently between 13–17%.  Progressive capital markets milestones validated the model: BSE SME listing (2020)  BSE Main Board migration (2023)  NSE Main Board (2026).  Post-listing, management proactively seeded technology collaborations in Green Hydrogen, BESS and Fuel Cells — laying the groundwork for Phase 3 before Phase 2 was complete. Advait Energy Transitions Limited 04 Annual Report 2025-26 PHASE – III (2026 onwards) NEXT HORIZON — MANUFACTURING & ASSET OWNERSHIP IN ENERGY TRANSITION  Executing the Phase 3 strategy across HTLS Conductors, Electrolysers, BESS, Fuel Cells and Renewable Asset Ownership.  Developing an initial 1 GW rene [Showing first 8,000 characters — download PDF for full document]