Approval Details

The Investment Committee of SWELECT ENERGY SYSTEMS LIMITED, acting under powers conferred by the Board of Directors, approved an additional investment in SWELECT Radiant Power Private Limited at its meeting held on November 2, 2026.

Investment Details

  • Purpose: To fund the setting up of a 4.5 MWp DC solar power plant under a Group Captive Scheme in Kerala.
  • Maximum Investment Amount: ₹4,36,15,250 (Rupees Four crore thirty-six lakh fifteen thousand two hundred and fifty only).
  • Form of Consideration: Cash.
  • Share Details: Investment for up to 1,75,000 equity shares.
  • Price per Share: ₹249.23, consisting of a face value of ₹10 and a premium of ₹239.23 per share.

Target Entity Details (SWELECT Radiant Power Private Limited)

  • Industry: Solar power generation and distribution.
  • Incorporation Date: March 19, 2025.
  • Current Paid-up Capital: ₹1,00,000.
  • Operational Status: Yet to commence commercial production/operation.
  • Financial Parameters (Latest):
  • Turnover: ₹ Nil
  • PAT: ₹ (0.02) Crore (Loss)
  • Net Worth: ₹ (0.01) Crore
  • Business Objects: Manufacturing, generating, distributing, transmitting, supplying, and dealing in electricity and all forms of energy including Solar and Wind Energy.
  • Current Project: Setting up a Solar Power Plant with an initial capacity of up to 4.5 MWp DC under a group captive scheme.

Shareholding Impact

  • Current Holding: 100% (Wholly Owned Subsidiary)
  • Post-Investment Holding: 74% (Subsidiary Company). This change is subject to the allotment of shares to other identified group captive investors by the investee company.

Transaction Classification

The transaction is classified as a related party transaction under SEBI LODR Regulations but is stated to be conducted on an "arm's length" basis.

Strategic Rationale and Impact

The investment is expected to increase the consolidated turnover of SWELECT ENERGY SYSTEMS LIMITED. The project aligns with the company's business line.

Approvals and Timeline

  • Governmental/Regulatory Approvals: Not Applicable.
  • Completion Timeline: The additional investment will be made in multiple tranches as per the offer letter circulated by the investee company (SWELECT Radiant Power).