Swelect Energy Systems Limited has filed its quarterly compliance certificate with stock exchanges, confirming the successful completion of share dematerialization processes for the quarter ended 31st March, 2026. The filing demonstrates the company's adherence to regulatory requirements under SEBI's depositories framework.

Regulatory Compliance Filing

The company submitted its certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, to both BSE Limited and National Stock Exchange of India Limited on April 9, 2026. This mandatory filing provides transparency regarding the status of share dematerialization activities during the reporting quarter.

Dematerialization Process Confirmation

Cameo Corporate Services Limited, serving as the company's Registrar and Transfer Agent, provided comprehensive confirmation of the dematerialization activities. The RTA verified that all securities received from depository participants during Q4FY26 were properly processed and confirmed to the depositories within regulatory timelines.

The confirmation process included several critical steps:

• Securities received for dematerialization were accepted or rejected as appropriate
• All security certificates were mutilated and cancelled after due verification
• Depository names were substituted in the register of members
• All processes were completed within stipulated time limits

Administrative Details

The filing was digitally signed by J. Bhuvaneswari, Company Secretary and Compliance Officer, ensuring proper authorization and accountability. The company maintains its listing on both major Indian stock exchanges, facilitating continued investor participation through electronic trading platforms.

This quarterly compliance filing reflects Swelect Energy Systems' commitment to maintaining transparent investor relations and adhering to regulatory frameworks governing share dematerialization processes in the Indian capital markets.

Swelect Energy Systems Limited has entered into a strategic partnership with FortifyGrid LLC, USA, to establish a joint venture company focused on solar Battery Energy Storage Systems (BESS) development and installation. The Investment Committee of the Board of Directors approved this proposal during their meeting held on February 17, 2026.

Joint Venture Structure and Investment

The partnership establishes a balanced 50:50 ownership structure between both entities. The proposed joint venture company will be incorporated in India under the name SWELECT FortifyGrid India Private Limited, SWELECT FG India Private Limited, or such other name as approved by the Ministry of Corporate Affairs.

Business Scope and Operations

The joint venture will operate in the solar BESS development and installation sector, focusing on comprehensive project solutions. The business operations encompass multiple critical areas of BESS project execution.

Key operational areas include:

• Design and engineering services
• Procurement support and vendor coordination
• Cost estimation, scheduling, and project reporting for BESS projects
• Off-site construction and project management
• Project controls and oversight

Strategic Partnership Details

The agreement represents an international collaboration aimed at leveraging combined expertise in energy storage solutions. FortifyGrid LLC brings specialized knowledge in energy storage technology and artificial intelligence integration to the partnership.

Expected Benefits and Market Impact

The strategic alliance is designed to enhance Swelect Energy Systems' presence in overseas markets through the convergence of BESS technology and cutting-edge artificial intelligence. The company expects its brand to gain significant traction in international markets by combining FortifyGrid's deep technical knowledge in energy storage systems.

This partnership aligns with Swelect Energy Systems' strategic objectives to strengthen its position in the global BESS business ecosystem. The collaboration represents a significant step toward expanding the company's international footprint in the rapidly growing energy storage sector.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The joint venture agreement execution and final incorporation details are pending, with the partnership structure and investment terms already established through the Board's approval.