Adbvait Infratech Limited announced that the Ministry of Corporate Affairs has approved incorporation of Wholly Owned Subsidiary of the Company in the name of "Advait Greenergy Private Limited" under Corporate Identification Number U35105GJ2023PTC142584. Authorized Capital: INR 100,000. Divided into 2,000 equity shares of INR 10 each.

Turnover: Not Applicable (Incorporated on July 04, 2023) Newly. Whether the acquisition would fall within related party transaction(s) and whether the promoter/promoter group/group companies have any interest in the entity being acquired If yes, nature of interest and details thereof and whether the same is done at "arm's length" Adbvait Infratech Ltd. is the promoter of Advait Greenergy Private Limited, a Whally Owned Subsidiary. Accordingly, Advait Greenergy Private Limited is termed as related party.

Brief details of any governmental or regulatory approvals required for the acquisition, Not Applicable. Indicative time period for completion of the acquisition.