Swelect Energy Systems Ltd (SWELECTES) — Corporate Action | 24 September 2026 (2 announcements)

Swelect Energy Systems announced on September 24, 2026, that its board approved an additional investment of up to [amount not verified] in USolar Assetco Four Private Limited to fund a 26.6 MWp solar plant, increasing its stake to 74% post-allotment, and agreed to acquire 100% of GNU Solar Assetco Two Private Limited for up to ₹10 lakhs, which will become a wholly owned subsidiary. Both targets are pre-revenue solar developers incorporated in 2025 and 2026 respectively, with no prior operations or financials.

Swelect Energy Systems announced on September 24, 2026, that its board approved an additional investment of up to [amount not verified] in USolar Assetco Four Private Limited to fund a 26.6 MWp solar plant, increasing its stake to 74% after allotment, while also acquiring 100% of GNU Solar Assetco Two Private Limited for up to ₹10 lakhs to develop an 11 MWp plant; both targets are newly incorporated solar entities with no prior operations or revenue, and the transactions are structured as cash investments at arm’s length.