Swelect Energy Systems Ltd

Dematerialisation status for quarter ended 30.09.2026

• RTA Cameo Corporate Services Limited confirmed no demat requests were received during the quarter ended 30 September 2026.
• There were no dematerialisation or rematerialisation requests received from shareholders in the period.

Swelect Energy Systems Limited – Trading window closure from October 1, 2026 till 48 hours after approval and disclosure of Unaudited standalone and consolidated financial results of the Company by the Board of Directors for the quarter and six months ending 30th September, 2026.

Product rollout

• Rollout of SWEES EN+ solar hybrid inverter range 5–50 kW, scalable beyond 50 kW.
• BIS CRS certification enables rollout in Q2 FY27.
• Designed for Commercial & Industrial load profiles, with integrated solar, storage and grid supply.

Outlook and portfolio impact

• Strengthens SWELECT's energy solutions portfolio across solar manufacturing, EPC, power electronics and storage.
• Targets expansion to a broad set of C&I applications with scalable configurations.

USolar Assetco Four investment

• Investment up to Rs 20,76,66,459 for 23,33,331 equity shares at Rs 89 each.
• Post allotment SWELECT will hold 74% of USolar Four.
• Incorporated 2 Jun 2025; paid-up capital Rs 10 lakh; turnover Nil.
• Turnover Nil; net worth Rs 0.10 crore.
• Industry: Solar power generation; country: India.
• Related party transaction; promoter group holds 100% equity in USolar Four.
• Purpose: establish 26.6 MWp DC plant under group captive scheme; boost consolidated turnover.
• Regulatory approvals: Not Applicable.
• Timeline: investments to be made in multiple tranches per offer letter.
• Consideration: cash.
• Acquisition cost: not exceeding Rs 20,76,66,459.

GNU Solar Assetco Two Private Limited acquisition

• Acquisition cost not exceeding Rs 10 lakhs.
• 100% equity shares; 10,00,000 shares.
• Post-acquisition will be Wholly Owned Subsidiary under group captive scheme.
• Incorporated 15 Jun 2026; paid-up capital Rs 10 lakh; turnover Nil.
• Industry: Solar power; country: India, Karnataka.
• Objects/impact: set up solar plant under group captive scheme; increase consolidated turnover.
• Timeline: acquisition per SPA/definitive agreement to be executed.
• Regulatory approvals: Not Applicable.
• Background: subsidiary of U-SOLAR CLEAN ENERGY SOLUTIONS PRIVATE LIMITED; located Karnataka.
• Initial capacity: up to 11 MWp DC.

Transaction details

• Board approved transfer of 2,600 shares, 26% equity of ESG Solar Energy Private Limited, on 31 August 2026.
• Transferred shares to Garg Acrylics Limited; ESG Solar Energy becomes a subsidiary of Swelect Energy Systems.
• Form SH-4 executed on 31 August 2026; completion date subject to ESG Solar board approval.
• Consideration: ₹31.00 lakh.
• ESG Solar has NIL turnover, NIL income, negative net worth ₹7.83 lakh for FY2025-26.
• Buyer is Garg Acrylics Limited; incorporated 22 November 1983; India.
• Transferee does not belong to promoter group; related party not involved; not a slump sale.
• Completion date depends on ESG Solar's board approval.

AGM details

• AGM held on 31 July 2026 via Video Conferencing / OAVM.

Minute submission

• Copy of AGM minutes submitted to exchanges for record.

Commissioning of 10 MW solar plant

• 10 MW solar plant commissioned by ESG Green Energy Private Limited on 24 August 2026.
• Location: Nedumpirai Village, Cheyyar Taluk, Tiruvannamalai District, Tamil Nadu.
• Interfaced at 33 kV to 110/33 kV pooling substation developed under Electricity Act 2003.
• Connected with 110/33-11 kV Sirungattur TANTRANSCO SS at 110 kV level.
• Energy to be supplied to group captive consumers via intra-state open access in Tamil Nadu.

Standalone performance

• Standalone total income: 13,085.86 lakh; YoY growth 71.2%.
• Standalone revenue from operations: 11,948.55 lakh; YoY growth 82.0%.
• Standalone EBITDA: 3,667.45 lakh; YoY growth 120.0%.
• Standalone PBT: 2,225.52 lakh; YoY growth 341.0%.
• Standalone PAT: 1,867.81 lakh; YoY growth 362.5%.

Consolidated performance

• Consolidated total income: 14,071.59 lakh; down 25.5% YoY.
• Consolidated revenue from operations: 13,077.21 lakh; down 26.2% YoY.
• Consolidated EBITDA: 3,836.37 lakh; down 28.1%.
• Consolidated PBT: 1,039.38 lakh; down 62.7%.
• Consolidated PAT: 765.33 lakh; down 63.8%.

Management commentary and strategic developments

• Disciplined execution; standalone profitability expected to be maintained this fiscal.
• Advanced discussions for two large EPC orders; could strengthen order book.
• Investments in 110 MW IPP projects; acquiring two solar parks totaling 140 MW.
• Launching solar kits for daytime off-grid energy harvesting.
• Tamil Nadu subsidy could provide further push to solar market.
• ALMM 2 uncertainty caused order deferrals May–July 2026.