Advait Energy Transitions Limited Announces Winding Up of Subsidiary
Advait Energy Transitions Limited, formerly known as Advait Infratech Limited, announced the winding up and liquidation of its wholly-owned subsidiary, Advait Energy Holdings AS, domiciled in Norway, effective March 31, 2026.According to information released, Advait Energy Holdings AS contributed NoK 0.00 (equivalent to INR 0.00) in turnover and NoK (-)16.42 Lacs (equivalent to INR (-)134.77 Lacs) representing 0.67% of the company’s net worth for the fiscal year 2024-25. The company anticipates receiving NoK 7059 (less bank charges and applicable fees) upon closure of relevant bank accounts.
The winding-up process did not involve the sale of assets and, therefore, no consideration was received for disposal of shares.
| Sr. No. | Particulars | Details |
|---|---|---|
| a) | the amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division or undertaking or subsidiary or associate company of the listed entity during the last financial year | Turnover for FY 2024-25: NoK 0.00 (Equivalent INR 0.00) (0.00%) Net-worth as on FY 2024-25: NoK (-)16.42 Lacs (Equivalent INR (-)134.77 Lacs) (0.67%) |
| c) | the expected date of completion of sale/disposal | The entity has undergone winding up and has been liquidated w.e.f., March 31, 2026 |
| d) | consideration received from such sale/disposal | The entity went into voluntary winding up and therefore there was no consideration for disposal of share but however Company shall receive an amount ofNoK 7059 (Less Bank charges and other applicable charges) after closure of relevant bank accounts. |
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