Swelect Energy Systems appointed Pradeep Kumar Madhur as Chief Business Officer effective October 1, 2026. He joins as Senior Management Personnel to lead business strategy and market expansion in the energy sector.

The appointment was intimated to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Madhur brings over 17 years of experience in the energy and power infrastructure sector across India and the Asia-Pacific region.

Professional background and expertise

Madhur most recently served as Senior Director and Country Business Leader at LONGi Solar. In this role, he managed the Profit and Loss of the Indian business, which recorded annual revenues exceeding $1 billion. Under his leadership, the company moved from the 17th position to leading market share within approximately twelve months. The firm retained this market leadership from 2020 to 2022.

His responsibilities included business strategy, cross-border governance, and regulatory matters. He also oversaw income tax and regulatory proceedings in 2023, including structuring arrangements to address Permanent Establishment considerations.

Prior experience and education

Before joining LONGi Solar, Madhur was part of the founding team at Sungrow India. He contributed to establishing the company's Indian operations and the deployment of over 4 GW of solar inverters over three years. Earlier, he held leadership roles in the power systems divisions of Raychem RPG and Crompton Greaves, managing key accounts for large-scale thermal power and high-voltage grid projects.

Key areas of specialization

Madhur's expertise spans several critical areas relevant to Swelect Energy's operations:

• Cross-border subsidiary governance and joint venture structuring
• P&L management and regulatory risk management
• Statutory audit oversight
• Energy transition technologies, including solar PV, battery energy storage systems (BESS), and grid integration

He holds a Bachelor of Engineering degree in Electrical & Electronics Engineering from M.S. Ramaiah Institute of Technology and an MBA in International Business from Sikkim Manipal University. The company stated that disclosure of relationships between directors is not applicable as this is not a director appointment.

Swelect Energy Systems Ltd has closed its trading window for designated persons effective October 1, 2026. The closure remains in force until 48 hours after the Board of Directors approves and discloses the unaudited standalone and consolidated financial results for the quarter and six months ending September 30, 2026.

Compliance with insider trading regulations

The company informed BSE and NSE that the trading window is closed in accordance with its Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons. This code is adopted pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended.

The restriction applies to a broad category of individuals classified as Designated Persons. These include:

• Promoters and promoter group persons
• Directors and Key Managerial Personnel
• Relevant employees of holding and subsidiary companies
• Advisors, consultants, and auditors (statutory, secretarial, internal, and cost)
• Immediate relatives of the aforementioned persons

Board meeting schedule

The date for the Board meeting to approve the Q2FY27 results will be intimated in due course. Until the results are approved and disclosed, all dealing in the company's equity shares by the specified group remains prohibited.