Swelect Energy Invests ₹5.5 Cr in Subsidiary for Solar Plant

Swelect Energy Systems Ltd announced an additional investment of up to ₹5,51,79,000 in its wholly-owned subsidiary, SWELECT Sunpower Plus Private Limited. This investment is earmarked for setting up a 5 MW solar power plant in Karnataka under a Group Captive Scheme. Following this investment, the subsidiary's status will change from wholly-owned to a subsidiary, with Swelect Energy's shareholding reducing from 100% to 86.10%. The company also approved its unaudited financial results for the quarter ended June 30, 2026, and took note of the cost audit report for the year ended March 31, 2026. Separately, the proposed acquisition of Dexler Solar Park Phase 1 Private Limited has been put on hold.