SWELECT Energy Systems Limited, a prominent player in the renewable energy sector, has announced a significant addition to its leadership team. The company has appointed Srinivasu Mullapudi as Vice President - Supply Chain Management, EPC and Manufacturing, effective November 5, 2025. This strategic move aims to strengthen SWELECT's position in the competitive solar energy market.

Key Appointment Details

Expertise and Achievements

Mullapudi brings a wealth of experience to SWELECT, with a proven track record in managing complex procurement operations. His expertise includes:

• Handling annual procurement budgets exceeding ₹3000.00 crore
• Leading strategic sourcing initiatives for multi-gigawatt solar projects
• Specializing in vendor management, assessment, and development
• Proficiency in EXIM (import-export) procurement operations

Professional Qualifications

The newly appointed Vice President's credentials underscore his commitment to excellence in the field:

• Certified as an Emerging Leader from XLRI
• IMS-certified internal auditor
• TBEM champion assessor

Impact on SWELECT's Operations

Mullapudi's appointment is expected to enhance SWELECT's operational efficiency in several key areas:

1. Supply Chain Optimization: His experience in handling large-scale procurement is likely to streamline the company's supply chain processes.
2. Cost Leadership: Mullapudi's expertise in strategic sourcing and vendor management could lead to more cost-effective operations.
3. Digital Transformation: His experience with digital procurement tools such as SAP MM, ARIBA, and Documentum may accelerate SWELECT's digital initiatives in procurement.
4. Global Sourcing: His knowledge of domestic and global sourcing methodologies could expand SWELECT's supplier base and improve sourcing strategies.

The appointment of Srinivasu Mullapudi aligns with SWELECT Energy Systems' commitment to strengthening its leadership team with industry veterans. As the renewable energy sector continues to grow, such strategic appointments may play a crucial role in maintaining SWELECT's competitive edge in the market.

This move by SWELECT Energy Systems Limited demonstrates the company's focus on enhancing its supply chain and manufacturing capabilities, which are critical components in the solar energy industry. As the sector faces challenges related to supply chain disruptions and cost pressures, Mullapudi's extensive experience could prove valuable in navigating these complexities.

SWELECT Energy Systems Limited , a prominent player in the electric power generation and distribution sector, has announced significant leadership changes and a major related party transaction through a postal ballot notice. The company is seeking shareholder approval for five key resolutions that could reshape its top management and operational structure.

Leadership Restructuring

The company has proposed several changes to its leadership team:

1. R Chellappan: Current Managing Director to be redesignated as Whole-time Director and Vice-Chairman for a 5-year term. His proposed annual remuneration includes a salary of Rs 20.10 lakhs plus a 0.25% commission on net profits.

2. Dr. Arulkumar Pudur Shanmugasundaram: To be appointed as Chief Executive Officer and Managing Director for 5 years with an annual remuneration of Rs 3.50 crores.

3. A Balan: Current Joint Managing Director to be redesignated as Whole-time Director for 5 years. His proposed annual remuneration includes a salary of Rs 39.60 lakhs plus a 0.25% commission on net profits, capped at Rs 10 lakhs.

4. Gnanasekar Sukumar Samuel: To be appointed as Non-Executive, Non-Independent Director.

Material Related Party Transaction

SWELECT is also seeking approval for material related party transactions worth up to Rs 350.00 crores with its subsidiary, ESG Green Energy Private Limited. These transactions, planned for 2025-2027, include:

• Sale of solar panels
• Loans
• Investments
• Guarantees
• Management fees

Voting Details

The company has scheduled remote e-voting from October 17 to November 15, 2025, allowing shareholders to cast their votes on these significant proposals.

Company Background

SWELECT Energy Systems Limited, incorporated in 1994, has been a key player in the electric power generation, transmission, and distribution sector. The company has shown consistent financial performance, with a total income of Rs 48,277.13 lakhs and a profit after tax of Rs 857.66 lakhs for the financial year 2024-2025.

These proposed changes reflect SWELECT's strategic moves to strengthen its leadership and expand its operations in the renewable energy sector, particularly in solar power generation and distribution.