SWELECT Energy Systems Completes Postal Ballot with Leadership Changes and Rs 350 Crore Transactions

SWELECT Energy Systems Limited successfully completed its postal ballot process on November 18, 2025, with shareholders overwhelmingly approving five critical resolutions that strengthen the company's leadership structure and operational framework.

Postal Ballot Process Completion

The postal ballot proceedings were conducted at the company's registered office in Chennai, with Chairman S. Annadurai and Company Secretary J. Bhuvaneswari physically present. The remote e-voting process was managed through Central Depository Services (India) Limited (CDSL) portal, with P. Eswaramoorthy and Company, Company Secretaries, Coimbatore serving as scrutinizers.

Process Details:	Information
Date of Declaration:	November 18, 2025
Time of Declaration:	2:30 PM
Venue:	SWELECT House, Chennai
Voting Method:	Remote e-voting only

Leadership Appointments

Shareholders approved comprehensive leadership changes with five-year terms for key positions:

Position:	Appointee	Term Period
Whole-time Director & Vice Chairman:	R. Chellappan	September 4, 2025 - September 3, 2030
CEO & Managing Director:	Dr. Arulkumar Pudur Shanmugasundaram	September 4, 2025 - September 3, 2030
Whole-time Director:	A. Balan	September 4, 2025 - September 3, 2030
Non-Executive Director:	Gnanasekar Sukumar Samuel	Liable to retire by rotation

Executive Remuneration Structure

The approved remuneration packages reflect the strategic importance of these appointments:

Executive:	Annual Remuneration	Additional Benefits
R. Chellappan (Vice Chairman):	Up to ₹20.10 lakhs	Commission at 0.25% of net profits
Dr. Arulkumar (CEO & MD):	Up to ₹3.50 crores	Car, medical, telephone facilities
A. Balan (Whole-time Director):	Up to ₹39.60 lakhs	Commission capped at ₹10.00 lakhs

Related Party Transactions

Shareholders approved material related party transactions worth up to ₹350.00 crores with subsidiary ESG Green Energy Private Limited. These transactions cover sale and purchase of solar panels and allied products, investments, loans, guarantees, and property leasing arrangements for the period 2025-2027.

Voting Results

All resolutions received exceptional shareholder support:

Resolution:	Votes in Favor (%)	Votes Against (%)
R. Chellappan's Appointment:	99.98	0.02
Dr. Arulkumar's Appointment:	99.98	0.02
A. Balan's Appointment:	99.98	0.02
G. S. Samuel's Appointment:	99.98	0.02
Related Party Transactions:	99.86	0.14

The completion of this postal ballot process positions SWELECT Energy Systems with a strengthened leadership team and approved transaction framework to execute its strategic initiatives in the renewable energy sector.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.95%	-0.23%	-12.16%	+2.62%	-39.28%	+230.70%

SWELECT Energy Systems Limited (SESL) has reported a significant increase in its net profit for the second quarter, despite a decline in revenue. The solar energy solutions provider's financial results, released on November 13, showcase improved profitability and operational efficiency.

Financial Highlights

For the quarter ended September 30, SESL posted the following results:

Particulars (in million rupees)	Q2 FY2025-26	Q2 FY2024-25	YoY Change
Revenue from Operations	9,454.99	14,591.75	-35.2%
Net Profit	619.24	455.43	+84.0%
EBITDA	4,075.60	2,128.50	+91.5%
EBITDA Margin	29.35%	14.59%	+14.76 pts

Revenue Decline and Profit Surge

Despite a 35.2% year-over-year decline in revenue from operations to 9,454.99 million rupees, SESL managed to increase its net profit by 84% to 619.24 million rupees. This significant improvement in profitability came amid challenging market conditions.

Operational Efficiency

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) surged by 91.5% to 4,075.60 million rupees. More impressively, the EBITDA margin expanded substantially to 29.35% from 14.59% in the same quarter last year, indicating a marked improvement in operational efficiency.

Cost Management

SESL's ability to boost profitability despite lower sales suggests effective cost management strategies. The company may have optimized its operations, reduced expenses, or improved its product mix to achieve higher margins.

Market Outlook

While the revenue decline might raise concerns, the significant improvement in profitability indicates that SESL is adapting to market challenges. The solar energy sector continues to be dynamic, and the company's focus on operational efficiency may position it well for future opportunities.

Conclusion

SWELECT Energy Systems Limited's Q2 FY2025-26 results demonstrate the company's resilience and ability to improve profitability even in the face of revenue challenges. The substantial increase in EBITDA margin suggests that SESL's strategic initiatives to enhance operational efficiency are yielding positive results. As the renewable energy sector continues to evolve, SESL's focus on profitability may provide it with a strong foundation for future performance.