Swelect Energy Systems has filed its Annual Report for FY 2025-26 and the Notice of the 31st Annual General Meeting (AGM) with stock exchanges, in compliance with Regulations 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The 31st AGM is scheduled to be held on Friday, July 31, 2026, at 3.30 PM IST through Video Conferencing (VC) or Other Audio Visual Means (OAVM).

AGM Schedule and Key Dates

The following are the key dates associated with the 31st AGM:

The Annual Report and AGM Notice, along with an addendum, have been sent electronically to all shareholders with registered email addresses. For shareholders without registered email addresses, direct web links to access the documents have been provided.

Documents are also available on the websites of Central Depository Services (India) Limited (CDSL), BSE Limited, and National Stock Exchange of India Limited.

Financial Performance Highlights

The Annual Report presents both standalone and consolidated financial results for the year ended March 31, 2026.

Standalone Performance

On a standalone basis, the company registered a turnover of ₹37,613.21 Lakhs, compared to ₹43,134.11 Lakhs in the previous year, reflecting a decline of 12.80% year-on-year. However, net profit improved significantly to ₹1,956.40 Lakhs from ₹857.66 Lakhs, representing a growth of 128.11%, driven by focused cost control and improved business efficiencies.

Consolidated Performance

On a consolidated basis, the company reported a turnover of ₹65,712.33 Lakhs against ₹62,167.11 Lakhs in the preceding year, a growth of 5.70%. Net profit surged to ₹5,758.31 Lakhs from ₹1,397.80 Lakhs, reflecting a substantial increase of 311.96%.

The following table summarises the key financial highlights:

Dividend and Share Capital

The Board of Directors has recommended a final dividend of ₹3.50 per equity share (35% on equity share capital of ₹15,15,87,600) for the year ended March 31, 2026, subject to shareholder approval at the 31st AGM. The total dividend outflow would be ₹530.56 Lakhs. The issued, subscribed, and paid-up equity share capital stood at ₹1,515.88 Lakhs, comprising 1,51,58,760 equity shares of ₹10 each, with no change during the year.

Material Related Party Transactions

The addendum to the AGM notice includes shareholder approval for the following material related party transactions:

All material related party transactions have been approved by the Audit Committee and the Board of Directors recommends them to shareholders for approval.

Shareholder and Investor Information

Shareholders holding shares in physical form are requested to register their email address and KYC details with the Registrar and Transfer Agent (RTA), Cameo Corporate Services Limited. For shares held in demat mode, shareholders are advised to update their email address and KYC details with their Depository Participant. Investor queries can be addressed via the WISDOM portal developed by the RTA at https://wisdom.cameoindia.com/ .

SWELECT Energy Systems Limited has scheduled its 31st Annual General Meeting (AGM) for July 31, 2026, to seek shareholder approval for material related party transactions (RPTs) aggregating ₹10,073.8 crore. The board approved the addendum to the AGM notice on July 6, 2026, incorporating resolutions for transactions involving subsidiaries USolar Assetco Four Private Limited and SWELECT SolarKraft Private Limited, as well as Gridnex Solar Power Private Limited.

The meeting will be conducted exclusively through Video Conferencing (VC) or Other Audio Visual Means (OAVM) at 03:30 P.M. IST, with the registered office in Chennai deemed as the venue. Shareholders can participate via remote e-voting through Central Depository Services (India) Limited (CDSL) before or during the meeting. Those attending via VC/OAVM will be counted for quorum under Section 103 of the Companies Act, 2013.

Related Party Transactions

The special business includes three distinct RPT resolutions requiring shareholder consent. The transactions involve the sale of goods or services and the provision of guarantees, as detailed in the explanatory statement.

The Audit Committee has reviewed these proposals based on RPT Industry Standards. The Board of Directors recommends the transactions, noting that pricing and material terms were determined by the CEO & Managing Director and CFO. The approvals are subject to the receipt of necessary shareholder consent at the AGM.