Swelect Energy Systems has published the Notice of its 31st Annual General Meeting (AGM) in newspapers, complying with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was published in Business Line (English) and Dinamani (Tamil) on July 9, 2026. The AGM is scheduled for July 31, 2026, at 3.30 PM IST through Video Conferencing or Other Audio Visual Means.

Key AGM Dates

The company has established the following schedule for the meeting:

Financial Performance

The Annual Report for FY26 highlights a mixed financial performance. Standalone turnover declined 12.80% year-on-year to ₹37,613.21 Lakhs, while net profit surged 128.11% to ₹1,956.40 Lakhs. Consolidated turnover grew 5.70% to ₹65,712.33 Lakhs, with net profit jumping 311.96% to ₹5,758.31 Lakhs.

Dividend and Related Party Transactions

The Board has recommended a final dividend of ₹3.50 per equity share for FY26, subject to shareholder approval. The notice also includes shareholder approval for material related party transactions worth ₹22,990 Lakhs with USolar Assetco Four Private Limited, ₹38,736 Lakhs involving SWELECT SolarKraft Pvt. Ltd. and Gridnex Solar Power Pvt. Ltd., and ₹39,012 Lakhs between the company and Gridnex Solar Power Private Limited.

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.