Key Approvals and Disclosures

1. Financial Results Approval: The Board approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and six months ended 30th September 2026.

  • The Statutory Auditors, M/s. Deloitte Haskins & Sells LLP, issued an unmodified Limited Review Report on these results.
  • An extract of the results will be published in English and Tamil newspapers as per Regulation 47(1) of SEBI LODR.
  • The complete results are available on the company's website (https://swelectes.com/) and stock exchange websites.

2. SWELECT ESOP Scheme 2026: The Board approved a new Employee Stock Option Plan (ESOP) scheme for grant of 75,794 options to eligible employees, including those of subsidiary, associate, joint venture, and group companies. The grant is subject to approval by the shareholders of the Company as per SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

3. Postal Ballot Notice: The Board approved issuing a Postal Ballot Notice to shareholders to seek their approval for:

  • Undertaking Related Party Transactions with Subsidiary Companies for solar power projects.
  • The SWELECT ESOP Scheme 2026.

The necessary disclosures for the postal ballot will be made upon its dispatch to members.

Meeting Details

The Board meeting commenced at 11:15 Hrs and concluded at 20:00 Hrs on 13th November 2026.

Annexure: ESOP Scheme 2026 Details (Pursuant to Reg. 30)

  • Total Options: 75,794 options, not exceeding 0.5% of the paid-up capital of the company as of 31st March 2026.
  • Shares Covered: 75,794 equity shares of face value Rs. 10 each.
  • Pricing Formula: The Exercise Price shall be neither less than the face value nor higher than the closing price on the stock exchange immediately prior to the Grant Date.
  • Exercise Period: All vested options are exercisable within a three-year period from the date of vesting, during a financial year exercise window determined by the Compensation Committee (CC).
  • Administration: The scheme will be implemented by the Company directly, administered by the designated Nomination and Remuneration Committee (NRC) / Compensation Committee (CC).
  • Impact: The scheme involves a new issue of the company's equity shares and will not involve any secondary acquisition. There is no variation in the terms of the option.
  • Details pertaining to options vested, exercised, money realized, total shares arising, lapsed options, variation, and diluted EPS are noted as "Not Applicable" at this stage, pending shareholder and committee approvals.

Standalone Financial Results (Rs. in Lakhs)

For the Quarter Ended (Unaudited):

  • 30 Sep 2026: Total Income: ₹11,584.78; Net Profit: ₹852.41; Basic EPS: ₹5.62
  • 30 Jun 2026: Total Income: ₹13,085.86; Net Profit: ₹1,867.81; Basic EPS: ₹12.32
  • 30 Sep 2025: Total Income: ₹10,344.24; Net Profit: ₹619.24; Basic EPS: ₹4.09

For the Six Months Ended (Unaudited):

  • 30 Sep 2026: Total Income: ₹24,670.64; Net Profit: ₹2,720.22; Basic EPS: ₹17.94
  • 30 Sep 2025: Total Income: ₹17,988.00; Net Profit: ₹1,023.05; Basic EPS: ₹6.75

For the Year Ended (Audited):

  • 31 Mar 2026: Total Income: ₹41,154.26; Net Profit: ₹1,956.40; Basic EPS: ₹12.91

Standalone Balance Sheet Highlights (as of 30 Sep 2026, Unaudited):

  • Total Assets: ₹1,65,957.26 Lakhs (Mar-26: ₹1,46,611.95 Lakhs)
  • Total Equity: ₹82,799.15 Lakhs (Mar-26: ₹80,453.15 Lakhs)
  • Borrowings (Non-Current + Current): ₹53,047.77 Lakhs (Mar-26: ₹43,726.95 Lakhs)

Notes to Standalone Results

  • Note 4 (Other Income): Includes a reversal of ₹405 Lakhs towards a liability no longer required, based on an assessment of the contractual obligation period.
  • Note 3 (Labour Codes): References a one-time impact from new labour codes recognized in the previous fiscal year (FY26) but states no impact was recognized in the current period. The company continues to monitor developments.

Consolidated Financial Results (Rs. in Lakhs)

For the Quarter Ended (Unaudited):

  • 30 Sep 2026: Total Income: ₹14,370.72; Net Profit (attributable to owners): ₹122.00; Basic EPS: ₹0.80
  • 30 Jun 2026: Total Income: ₹14,071.39; Net Profit (attributable to owners): ₹706.57; Basic EPS: ₹4.66
  • 30 Sep 2025: Total Income: ₹14,737.30; Net Profit (attributable to owners): ₹1,517.20; Basic EPS: ₹10.01

For the Six Months Ended (Unaudited):

  • 30 Sep 2026: Total Income: ₹28,442.31; Net Profit (attributable to owners): ₹828.57; Basic EPS: ₹5.47
  • 30 Sep 2025: Total Income: ₹33,621.59; Net Profit (attributable to owners): ₹3,571.19; Basic EPS: ₹23.56

For the Year Ended (Audited):

  • 31 Mar 2026: Total Income: ₹69,320.53; Net Profit (attributable to owners): ₹5,517.16; Basic EPS: ₹36.40

Consolidated Balance Sheet Highlights (as of 30 Sep 2026, Unaudited):

  • Total Assets: ₹2,52,253.12 Lakhs (Mar-26: ₹2,08,281.42 Lakhs)
  • Total Equity: ₹97,017.62 Lakhs (Mar-26: ₹95,436.31 Lakhs)
  • Borrowings (Non-Current + Current): ₹1,11,724.95 Lakhs (Mar-26: ₹79,374.52 Lakhs)

Auditor's Report on Consolidated Results

Deloitte Haskins & Sells LLP issued an unmodified review report. The consolidation includes 25 subsidiaries, 1 associate, and 4 joint ventures. The auditors relied on the review reports of other auditors for 13 material subsidiaries and on management-certified financial information for 6 non-material subsidiaries and the associate/joint ventures.