Swelect Energy Transfers 12.78 Lakh Subsidiary Shares

Scrip Symbol

SWELECTES

SWELECT ENERGY SYSTEMS LIMITED disclosed the transfer of equity shares held in its subsidiary company, ESG Green Energy Private Limited.

The company's Investment Committee, acting under powers conferred by the Board of Directors, approved the off-market transfer of 12,78,000 (Twelve Lakhs Seventy Eight Thousand) equity shares at a face value of ₹10 each. The shares are held in ESG Green Energy Private Limited, which is a subsidiary company of Swelect Energy Systems.

The shares are being transferred to RAMCO INDUSTRIES LIMITED, which is described as "a proposed group captive consumer in the aforementioned subsidiary company."

Despite this share transfer, the company confirmed that ESG Green Energy Private Limited will continue to remain a subsidiary company of SWELECT ENERGY SYSTEMS LIMITED post-transfer.

The disclosure was signed by Arulkumar Pudur Shanmugasundaram, CEO & Managing Director (DIN: 08371976), and represents a regulatory compliance filing with the stock exchanges.