02-Nov-2026 19:16:14

SWELECT : INVESTS UP TO RS 4.36 CR IN SUBSIDIARY SWELECT RADIANT POWER

• Investment Committee approved additional investment up to ₹4.36 Cr in equity shares of SWELECT Radiant Power (wholly owned subsidiary) • Investment to fund setting up of 4.5 MWp DC solar power plant under Group Captive Scheme in Kerala • Subscription of up to 1,75,000 equity shares at ₹249.23/share (face value ₹10, premium ₹239.23) • Shareholding to move from 100% to 74% after allotment of shares to other identified group captive investors • Target incorporated 19 March 2025, yet to commence operations; turnover nil and PAT at ₹(0.02) Cr • Cash consideration, to be paid in multiple tranches as per investee company offer letter

Swelect Energy Systems Limited

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