Intimation of acquisition of DEXLER SOLAR PARK PHASE 1 PRIVATE LIMITED

25.07.2026 BSE Limited National Stock Exchange of India Limited Department of Corporate Services Listing Department Floor 25, P. J. Towers, “Exchange Plaza”, Dalal Street, C-1, Block G, Bandra – Kurla Complex, Mumbai-400 001. Bandra (E), Mumbai – 400 051. Scrip Code: 532051 Scrip Symbol: SWELECTES Dear Sir / Madam, Sub: Intimation of acquisition of Dexler Solar Park Phase 1 Private Limited We would like to inform you that pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that pursuant to the powers conferred by the Board of Directors of the Company, the Investment Committee at their meeting held today (25.07.2026), has approved the acquisition of 100% (one hundred percent) equity shares of DEXLER SOLAR PARK PHASE 1 PRIVATE LIMITED (‘DSPP1/‘target entity’), a renewable energy generation and distribution company based in Karnataka. Subsequent to this acquisition, DSPP1 would become a Wholly Owned Subsidiary of the Company and in future, it would set up a solar power plant under Group Captive Scheme. The details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026 are as follows: (a) name of the target entity, details in brief DEXLER SOLAR PARK PHASE 1 PRIVATE such as size, turnover etc. LIMITED The target entity was incorporated on 05th March 2018 with a paid-up equity share capital of Rs.1,00,000/-. Latest Audited financial parameter of target entity (Amount in Rupees for FY 2024-25): Turnover – Nil PAT – (34,860) Net worth – (6,45,190) (b) whether the acquisition would fall within No. related party transaction(s) and whether the promoter/ promoter group/ group The Company would become a related party companies have any interest in the entity subsequent to the completion of the proposed being acquired? If yes, nature of interest acquisition. and details thereof and whether the same is done at “arm’s length”; (c) industry to which the entity being Renewable Energy generation and acquired belongs; Distribution (d) objects and impact of acquisition DSPP1 proposes to set up a Solar Power Plant (including but not limited to, disclosure of under group captive scheme, which would reasons for acquisition of target entity, if result in increase of consolidated turnover of its business is outside the main line of the Company and enhance our Group’s business of the listed entity); presence in the State of Karnataka. (e) brief details of any governmental or Not Applicable regulatory approvals required for the acquisition (f) indicative time period for completion of The acquisition will be made as per the the acquisition Securities Purchase Agreement or such other definitive agreement to be entered with the selling shareholders of DSPP1. (g) consideration - whether cash Cash consideration or share swap or any other form and details of the same (h) cost of acquisition and/or the price at Acquisition cost not exceeding Rs. 1 Lakh which the shares are acquired (Rupees One lakh only) (i) percentage of shareholding / control The Company proposes to acquire 10,000 acquired and / or number of shares equity shares having face value of Rs.10/- acquired each (100% of total shares of the target entity) (j) brief background about the entity DEXLER SOLAR PARK PHASE 1 PRIVATE acquired in terms of products / line of LIMITED was incorporated as a subsidiary of business acquired, date of incorporation, Dexler Energy Private Limited in Karnataka. history of last 3 years turnover, country in which the acquired entity has presence Line of business acquired: The Company is and any other significant information (in engaged in the business of renewable and brief) non-conventional energy, encompassing both power generation and product manufacturing. On the generation side, it develops, installs, and operates standalone or hybrid renewable energy systems for the generation, distribution, and trading of electric power from sources such as solar, wind, geothermal, tidal, biomass, and hydel energy, supported by proprietary hardware and software for plant monitoring and optimization. On the manufacturing and trading side, the Company produces, distributes, and deals in a wide range of energy-related products, including solar panels and photovoltaic cells (for terrestrial and satellite use), storage batteries, and support structures, as well as energy- powered domestic, industrial, and consumer appliances such as street lights, water heaters, calculators, watches, and electronic gadgets. The business also extends to energy-operated toys, games, and educational equipment. Together, these objects position the Company as an integrated player across the renewable energy value chain — from utility-scale power generation to end-user energy products. Date of incorporation: 05th March 2018 History of last 3 years’ audited turnover: F.Y 2024-2025 - Nil F.Y 2023-2024 - Nil F.Y 2022-2023 - Nil The subsidiary will set-up a Solar Power Plant with an initial capacity upto 7.0 MWdc under group captive scheme. We request you to kindly take on record the above compliance. Thanking you, Yours faithfully, For SWELECT ENERGY SYSTEMS LIMITED Arulkumar Pudur Shanmugasundaram CEO & Managing Director DIN: 08371976