SWELECT Energy Systems Limited has informed the Exchange about Additional Investment in the Equity shares of SWELECT Radiant Power Private Limited (Wholly Owned Subsidiary).

November 02, 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: Additional investment in the Equity Shares of SWELECT Radiant Power Private Limited (Wholly Owned Subsidiary) Pursuant to the powers conferred by the Board of Directors of the Company, the Investment Committee at its meeting held today i,e., November 2, 2026 has approved the additional investment in the Equity Shares of SWELECT Radiant Power Private Limited (Wholly Owned Subsidiary / Investee Company) up to Rs.4,36,15,250 for setting up of 4.5 MWp DC solar power plant under Group Captive Scheme at Kerala. On allotment of shares by the Investee Company (including to the other identified group captive investors), the status of Wholly Owned Subsidiary would change to the Subsidiary Company of SWELECT ENERGY SYSTEMS LIMITED. 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 SWELECT RADIANT POWER PRIVATE such as size, turnover etc. LIMITED The Company was incorporated on 19th March 2025 with a paid-up equity share capital of Rs.1,00,000/- and is yet to commence its commercial production / operation. Latest financial parameter of target entity: Turnover (Rs. in Crore) - Nil PAT (Rs. in Crore) - (0.02) Net worth (Rs. in Crore) - (0.01) (b) whether the acquisition would fall within Yes. related party transaction(s) and whether The transaction falls under related party the promoter/ promoter group/ group transaction as per SEBI LODR Regulations and companies have any interest in the entity the Listed entity at present holds 100% equity being acquired? If yes, nature of interest share capital in the above subsidiary and after the allotment to Group captive investors, the and details thereof and whether the same listed entity will hold 74% of the equity Share is done at “arm’s length”; capital in the above subsidiary. The proposed transaction is at arm’s length basis. (c) industry to which the entity being Solar power generation and Distribution acquired belongs; (d) objects and impact of acquisition SWELECT Radiant is setting up a Solar Power (including but not limited to, disclosure of Plant under group captive scheme, which reasons for acquisition of target entity, if would result in increase of consolidated its business is outside the main line of turnover of the Company. business of the listed entity); (e) brief details of any governmental or Not Applicable regulatory approvals required for the acquisition (f) indicative time period for completion of The additional investment will be made as per the acquisition the offer letter circulated by the Investee Company on multiple tranches. (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/ investment amount not which the shares are acquired exceeding Rs.4,36,15,250 (Rupees Four crore thirty-six lakh fifteen thousand two hundred and fifty only) Price per share – Rs.249.23 consisting of face value of Rs.10/- issued at a premium of Rs.239.23 per Equity share. (i) percentage of shareholding / control The Company proposes to subscribe upto a acquired and / or number of shares maximum of 1,75,000 equity shares having acquired face value of Rs.10/- each Present Shareholding – 100% Post Investment Shareholding– 74% (subject to allotment of shares to other group captive investors by the investee company) (j) brief background about the entity SWELECT RADIANT POWER PRIVATE acquired in terms of products / line of LIMITED, was incorporated as a wholly owned business acquired, date of incorporation, subsidiary of the Company (SWELECT Energy history of last 3 years turnover, country in Systems Limited) on 19th March 2025, for the which the acquired entity has presence purpose of manufacturing, generating, and any other significant information (in supplying, distributing, transmitting and brief) dealing in electricity and all forms of energy including Solar and Wind Energy and power sales from the Green energy sources. History of last 3 years’ turnover: FY 2025-26 – Nil FY 2024-25 and FY 2023-24 - Not Applicable The investee company is under process to set- up a Solar Power Plant with an initial capacity upto 4.5 MWp DC under group captive scheme. We request you to kindly take on record the above compliances. Thanking you, Yours faithfully, For SWELECT ENERGY SYSTEMS LIMITED Arulkumar Pudur Shanmugasundaram CEO & Managing Director DIN: 08371976