Swelect Energy Board Approves Q1 FY27 Unaudited Results, Invests in Subsidiary

Swelect Energy Systems Ltd announced that its Board of Directors, in a meeting held on August 13, 2026, approved the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026. The company also approved an additional investment of up to ₹5,51,79,000 in its wholly-owned subsidiary, SWELECT Sunpower Plus Private Limited, for setting up a 5 MW solar power plant in Karnataka. This investment will change the subsidiary's status from wholly-owned to a subsidiary. The Board also took note of the cost audit report for the year ended March 31, 2026, and decided to keep the proposed acquisition of Dexler Solar Park Phase 1 Private Limited in abeyance.