MoneyWorks4Me

Swelect Energy Systems has informed that pursuant to the powers conferred by the Board of Directors of the Company, the Investment Committee at their meeting held today (October 22, 2026) had approved the acquisition of 100% (one hundred percent) equity shares of SUSHMA SOLAR ENERGY (‘Sushma Solar’/ ‘target entity’), a Company based in Rajasthan. Subsequent to this acquisition, Sushma Solar would become a Wholly Owned Subsidiary of the Company and in future, it would set up a solar power plant under Group Captive Scheme. The details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026 are as details enclosed.

The above information is a part of company’s filings submitted to BSE.

Peers