Swelect Energy Systems has received approval for the additional investment in the Equity Shares of Swelect Radiant Power (wholly owned subsidiary) up to Rs 4.36 crore for setting up of 4.5 MWp DC solar power plant under Group Captive Scheme at Kerala.
On allotment of shares by the Investee Company (including to the other identified group captive investors), the status of wholly owned subsidiary would change to the Subsidiary Company of Swelect Energy Systems. Pursuant to the powers conferred by the Board of Directors of the Company, the Investment Committee at its meeting held on November 2, 2026 has approved the same.
Swelect Energy Systems (formerly known as Numeric Power Systems) is a leader in delivering high-performance solar, wind, energy storage and power electronic solutions.