Advait Infratech Limited (AIL) is pleased to announce several important decisions made during its Board of Directors meeting held on August 12, 2024, at the company’s registered office. The meeting resulted in strategic actions that align with the company’s ongoing commitment to growth, innovation, and corporate governance.
At the meeting, the Board approved the Standalone and Consolidated Unaudited Financial Results for the quarter ending June 30, 2024. These financial results, reviewed in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, reflect the company’s strong performance in a dynamic market. The Limited Review Report on these financials was also approved, further solidifying the company’s commitment to transparency and regulatory compliance.
In a move that signifies the company’s evolving focus on energy transition solutions, the Board proposed a name change from “Advait Infratech Limited” to “Advait Energy Transitions Limited” (AETL). This proposed name change underscores AIL’s strategic shift towards becoming a leader in energy transition solutions, marking a new chapter in the company’s history. The name change is subject to necessary approvals from the Registrar of Companies, Gujarat, BSE Limited, the shareholders at the forthcoming General Meeting, and other regulatory authorities.
Additionally, the Board approved the alteration of the company’s MOA and AOA to reflect the proposed name change. These alterations will be implemented following the requisite approvals from the concerned authorities and the company’s shareholders.
In terms of corporate governance, the Board has taken note of the resignation of Ms. Daisy Mehta from her role as Company Secretary and Compliance Officer, effective from the close of business on August 14, 2024. Ms. Mehta’s resignation, tendered on August 9, 2024, marks the end of her tenure with the company, during which she contributed significantly to AIL’s governance and compliance frameworks.
For more information, please visit advaitinfra.com.
About Advait Infratech
Established in 2009, Advait Infratech delivers robust products and solutions for power transmission, substation, and telecommunication infrastructure. Operations cover turnkey telecommunication projects, power transmission and substation equipment installation, liasoning, marketing, and end-to-end solutions. Engaging in manufacturing and supplying essential power transmission products, including stringing tools, OPGW, OFC cables, ACS, ERS, and OPGW joint boxes, Advait expanded into Green Hydrogen Equipment Manufacturing Services & EPC in 2023. Additionally, the focus includes sustainability consultancy, decarbonisation consultancy, and carbon consultancy services, aiming to enhance the market landscape with cost-efficient, eco-friendly solutions.
