SWELECT ENERGY SYSTEMS LTD: SELLS 26% STAKE IN SUBSIDIARY

• Board approves transfer of 2,600 equity shares (26%) of ESG Solar Energy Private Limited to Garg Acrylics Limited for ₹31 Lakhs • ESG Solar Energy Private Limited is a wholly-owned subsidiary and is yet to commence commercial operations • Post-transfer, ESG Solar Energy Private Limited will change status from subsidiary to a subsidiary company • Garg Acrylics Limited is a proposed group captive consumer • The subsidiary has NIL turnover, NIL income, and a negative net worth of ₹7.83 Lakhs as per FY25-26 audited financials • Transfer agreement executed on August 31, 2026 • Expected completion date depends on the Board approval of ESG Solar Energy Private Limited • Transferee does not belong to the Promoter/Promoter Group/Companies Impact: Neutral (Divestment of minority stake in a non-operational subsidiary, proceeds are nominal relative to the company's scale.)

Swelect Energy Systems Limited

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