Swelect Energy Acquires Dexler Solar for ₹1 Lakh

Approved by the Investment Committee of Swelect Energy Systems Limited on July 25, 2026
Acquisition of 10,000 equity shares (face value ₹10 each) representing 100% shareholding
Acquisition cost not exceeding ₹1,00,000 (Rupees One Lakh only)
Consideration method: Cash payment
Acquisition will be made pursuant to a Securities Purchase Agreement or other definitive agreement with selling shareholders

Name: Dexler Solar Park Phase 1 Private Limited (DSPP1)
Incorporation Date: March 5, 2018
Paid-up equity share capital: ₹1,00,000
Location: Karnataka
Business: Renewable energy generation and distribution company
Line of Business: Integrated renewable energy operations including:
Development, installation, and operation of standalone/hybrid renewable energy systems
Generation, distribution, and trading of electric power from solar, wind, geothermal, tidal, biomass, and hydel sources
Manufacturing and distribution of solar panels, photovoltaic cells, storage batteries, support structures
Energy-powered domestic, industrial, and consumer appliances

FY 2024-25:

Historical Turnover:

DSPP1 will become a wholly-owned subsidiary of Swelect Energy Systems Limited
Future plans: Set up a solar power plant with initial capacity up to 7.0 MWdc under group captive scheme
Expected to increase consolidated turnover of the Company
Enhance Group's presence in Karnataka state
Position the Company as an integrated player across renewable energy value chain

Not a related party transaction currently, but will become one post-acquisition completion
No governmental or regulatory approvals required
Indicative time period for completion: Not specified in disclosure
Transaction executed under powers conferred by Board of Directors to Investment Committee

SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026

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