Date: July 14, 2026
Acquisition / Strategic Actions
- SWELECT ENERGY SYSTEMS PTE. LTD. Singapore, a wholly owned subsidiary of SWELECT ENERGY SYSTEMS LIMITED, will make a strategic investment in Comstock BESS LLC
- Investment amount: Up to US$ 500,000
- Investment type: Class B Preferred Equity
- Strategic rationale: Expected to provide an entry into the US grid-storage market
- Approval authority: Investment Committee of the Board of Directors
- Approval date: July 14, 2026
Board Meeting Outcomes
- The Investment Committee of the Board of Directors approved the subsidiary's proposal to invest in Comstock BESS LLC
- The meeting was held on July 14, 2026
Other Operational / Legal / Strategic Disclosures
- The information will be made available on the company website: www.swelectes.com
- This is an intimation to BSE Limited and National Stock Exchange of India Limited