Ahmedabad, September 5, 2024 — Advait Infratech Limited has made several significant announcements following the meeting of its Board of Directors held on September 5, 2024. The Board has approved key appointments aimed at strengthening the company’s leadership. Ms. Deepa Fernandes has been appointed as the Company Secretary & Compliance Officer, effective from September 5, 2024. With over a decade of experience in secretarial and compliance functions, Ms. Fernandes brings a wealth of expertise in corporate governance, compliance management, and regulatory matters.
Additionally, Ms. Rutvi Sheth has been promoted in the company as the Head of Human Resources & Strategic Communication. Ms. Rutvi Sheth holds advanced degrees in Media Communications and Strategic Communications from prestigious institutions in the UK such as London School of Economics and Political Science. She brings valuable experience in strategic communications on all fronts.
Furthermore, the company has designated Mr. Harsha Jayaram as the Head of New & Renewable Energy Business. Mr. Jayaram, with a background in Chemical Engineering and significant experience in business development and renewable energy, will play a crucial role in the company’s expansion into sustainable energy solutions.
The Board also approved the allotment of 1,41,591 convertible warrants to non-promoter allottees, in accordance with the SEBI (ICDR) Regulations and shareholder approval granted at the Extra-Ordinary General Meeting held in August 2024. This strategic capital-raising initiative will support the company’s growth plans.
The 14th Annual General Meeting (“AGM”) of Advait Infratech Limited is scheduled to be held on September 30, 2024, at Ahmedabad Management Association. The Annual Report for FY 2023-24, along with the AGM notice, will be sent to shareholders electronically and made available on the company’s website. Shareholders are encouraged to register their email addresses to receive important updates and participate in the e-voting process.
Additionally, Advait Infratech Limited has set Monday, September 23, 2024, as the “Cut-off Date” for determining the eligibility of shareholders to vote on the resolutions outlined in the AGM notice and attend the meeting. The same date has also been designated as the “Record Date” for identifying shareholders eligible to receive the dividend for the financial year 2023-24. Should the dividend be declared at the AGM, it will be disbursed within twenty days following the conclusion of the meeting.
