Swelect Energy Systems Limited-$

Swelect Energy Systems Ltd has announced that its Board of Directors will convene on November 13, 2026. The meeting agenda includes the consideration and approval of the unaudited financial results for the quarter and six months ended September 30, 2026, both on a standalone and consolidated basis. Additionally, the Board will discuss an Employee Stock Option Scheme in line with SEBI regulations. The trading window for designated persons will remain closed until 48 hours after the declaration of these results.

SWELECT Energy Systems Limited announced an additional investment of up to ₹4,36,15,250 (₹4.36 Crore) in its wholly-owned subsidiary, SWELECT Radiant Power Private Limited. This investment is for setting up a 4.5 MWp DC solar power plant under a Group Captive Scheme in Kerala. Following the investment and allotment of shares to other group captive investors, SWELECT Energy Systems' shareholding in SWELECT Radiant Power will reduce from 100% to 74%. The subsidiary was incorporated on March 19, 2025, and is yet to commence commercial operations. This project is expected to increase the consolidated turnover of SWELECT Energy Systems.

Swelect Energy Systems Ltd has approved the off-market transfer of 12,78,000 equity shares in its subsidiary, ESG Green Energy Private Limited, to RAMCO INDUSTRIES LIMITED. RAMCO INDUSTRIES LIMITED is a proposed group captive consumer for the subsidiary. Following the transfer, ESG Green Energy Private Limited will continue to be a subsidiary of Swelect Energy Systems Limited. The face value of each share is Rs. 10/-.

SWELECT Energy Systems Limited announced the acquisition of 100% equity shares of Sushma Solar Energy Private Limited for a cash consideration not exceeding ₹2.27 Crore (₹2,27,24,000). Sushma Solar, incorporated in May 2025 with minimal initial capital and no prior turnover, will become a wholly-owned subsidiary. The acquisition aims to establish a solar power plant under a group captive scheme, with an initial capacity of 50 MW. This move is expected to increase consolidated turnover, strengthen market presence in Western India, enhance operational efficiencies, and expand SWELECT Energy's renewable energy capabilities.

SWELECT Energy Systems Limited has appointed Pradeep Kumar Madhur as Chief Business Officer (CBO), effective October 1, 2026. He will lead sales and business development across the company’s Engineering, Procurement and Construction (EPC), Independent Power Producer (IPP), channel, and solar module businesses. This appointment aims to strengthen SWELECT’s commercial strategy by unifying leadership across key business verticals and aligning sales efforts across the solar value chain. Madhur brings over 17 years of experience in the solar and power infrastructure sectors, having previously served as Senior Director and Country Business Leader at Lerri Solar Technology India (LONGi Solar), where he led a business generating over USD 1 billion annually and achieved market leadership. He was also part of the founding team at Sungrow India. The CEO emphasized Madhur's experience in building and scaling businesses as crucial for SWELECT's expansion and growth.

SWELECT Energy Systems Limited announced that its step-down wholly-owned subsidiary, SWELECT HHV Solar Photovoltaics Private Limited, has successfully commissioned a 3.125 MW Solar Power plant. Located in Virudhunagar District, Tamil Nadu, the plant is interfaced at a 33 KV level to the Naranapuram TNEB Substation. The generated energy will be utilized for captive consumption through the Intra-State Open Access System in Tamil Nadu. This commissioning marks a significant step in the company's renewable energy initiatives.

Swelect Energy Systems Ltd has appointed Mr. Pradeep Kumar Madhur as the Chief Business Officer, effective October 1, 2026. Mr. Madhur brings over 17 years of experience in the energy and power infrastructure sector. He previously served as Senior Director and Country Business Leader at LONGi Solar, where he managed a P&L exceeding USD 1 billion and led the business to a market-leading position. His expertise spans business strategy, market expansion, cross-border governance, regulatory matters, and P&L management. He also has experience with Sungrow India and leadership roles at Raychem RPG and Crompton Greaves. Mr. Madhur holds a Bachelor of Engineering in Electrical & Electronics Engineering and an MBA in International Business.

Swelect Energy Systems Ltd has announced the closure of its trading window for designated persons. This closure will be effective from October 1, 2026, and will remain in effect until 48 hours after the approval and disclosure of the company's unaudited financial results for the quarter and six months ending September 30, 2026. The policy aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015, to prevent insider trading. The specific date for the Board Meeting to approve these results will be communicated later.

SWELECT Energy Systems Limited has launched its new SWEES EN+ solar hybrid inverter range, designed for Commercial & Industrial (C&I) customers. The scalable range, available from 5 kW to 50 kW and beyond, manages solar generation, battery storage, and grid supply. Certified by BIS, the inverters are ready for rollout in Q2 FY27. This launch expands SWELECT's energy solutions portfolio, leveraging its expertise in solar manufacturing, EPC, power electronics, and energy storage to meet evolving C&I energy needs.

SWELECT Energy Systems Limited announced the approval of an additional investment of up to ₹20.77 Crores in its wholly-owned subsidiary, USolar Assetco Four Private Limited, for a 26.6 MWp solar power plant. The company also acquired 100% equity shares of GNU Solar Assetco Two Private Limited, which will also set up a solar power plant under a Group Captive Scheme. These investments are expected to increase the consolidated turnover of SWELECT Energy Systems.