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.

SWELECT Energy Systems Limited has announced the opening of a special one-year window for transfer and dematerialization of physical securities, in compliance with Securities and Exchange Board of India (SEBI) Circular No. HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026.

Special Window Details

The special window facility will remain operational for a full year, providing eligible investors with ample time to complete their transfer and dematerialization processes.

Eligible Investors and Process

The circular covers specific categories of investors who can benefit from this special facility:

• Investors with fresh lodgement cases
• Those with transfer requests earlier rejected, returned, or not attended due to deficiencies

Eligible investors may lodge or re-lodge their requests with the company's Registrar and Share Transfer Agent, M/s. Cameo Corporate Services Limited, along with requisite documents as prescribed under the SEBI circular.

Important Conditions

The securities transferred under this special window will be subject to specific regulatory requirements:

Registrar Contact Information

Investors can contact the company's Registrar and Share Transfer Agent for assistance with the transfer process:

Cameo Corporate Services Limited

• Address: "Subramanian Building", No.1, Club House Road, Chennai - 600 002
• Phone: 044-40020700
• Email: investor@cameoindia.com
• Website: https://wisdom.cameoindia.com/

Public Notification

SWELECT Energy Systems has fulfilled its disclosure obligations by publishing newspaper advertisements on February 5, 2026 in:

• Business Line (English)
• The Hindu Tamil Thisai (Vernacular - Tamil)

The company has also made the SEBI circular accessible on its website at https://www.swelectes.com/ for shareholders' reference. This comprehensive notification ensures that all eligible shareholders are informed about the special facility and can take appropriate action within the specified timeframe.