Outcome of Board Meeting

Nswelect SWELECT Energy Systems Limited Powering the world responsibly August 2026 13th BSELimited National Stock Exchange oflndia 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 Code: SWELECTES Dear Sir / Madam, Sub: Outcome of the Board Meetine held on 13th Aueust 2026 We would like to inform you that pursuant to Regulations 30 & 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, the Board of Directors of the Company at their meeting held today i.e. 13th August 2026, have, inter alia, considered and approved the following: 1. Financial Results Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 ("SEBI LODR"), the Board of Directors have approved the Unaudited Financial Results (Standalone and Consolidated) for the Quarter ended 30th June 2026, in respect of which we enclose the following as prescribed under Regulation 33 of the Listing Regulations: a) Standalone financial results for the quarter ended 30th June 2026; b) Consolidated financial results for the quarter ended 30th June 2026; c) Limited Review Report of M/s. Deloitte Haskins & Sells LLP, Chartered Accountants, Statutory Auditors on the Standalone and Consolidated financial results for the quarter ended 30th June 2026. The extract of the above said financial results along with a Quick Response code and details of the webpage, where complete financial results of the Company as specified in Regulation 33 of SEBI LODR are accessible to the investors, will be published in English and Tamil Newspapers within the prescribed time. The details of the standalone and consolidated financial results of the Company would be available on the website of the Company https: //swelectes.com/ afs weli as on the website of the stock exchanges. Registered Office: Mobile: +91 91760 01012 Phone: +91 J SWELECT HOUSE, No. 5, Sir P.S. Sivasamy Salai, Toll Free: 1800 425 9600 Email: info • Mylapore, Chennai -600 004, Tamil Nadu, India Website: www.swelectes.com CIN: L93090TN1994PLC028578 Nswelect Powering the world responsibly 2. Cost Audit report for the year ended 31.03.2026 The Board of Directors of the Company took note the cost audit report signed by Mr. R Ravichandran, Partner ofM/s. Ravichandran Bhagyalakshmi &Associates (Firm Reg. No 001253), Cost Accountants, Chennai for the financial year ended 31.03.2026. 3. Additional investment in the Equity Shares of SWELECT Sunpower Plus Private Limited (Wholly Owned Subsidiary) The Board at its meeting held today had approved an additional investment in the Equity Share Capital of SWELECT Sunpower Plus Private Limited (Wholly Owned Subsidiary) up to Rs. 5,51,79,000/- for setting up of 5 MW solar power plant under Group Captive Scheme in the State of Karnataka. Subsequent to the investment by SWELECT Energy Systems Limited and other proposed group captive consumer, the status of SWELECT Sunpower Plus Private Limited will change from 'Wholly Owned Subsidiary' to 'Subsidiary' 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-PODZ/I/3762/2026 dated January 30, 2026 are as follows: (a) name of the target entity, details in brief SWELECT Sun power Plus Private Limited such as size, turnover etc. (hereinafter referred to as Target Entity) The Target Entity was incorporated with a paid up equity share capital of Rs.1,00,000/-. Since it's a newly incorporated company, the Company is yet to commence its commercial production/ operation. (b) whether the acquisition would fall The transaction falls under related party within related party transaction(s) and transaction as per SEBI LODR Regulations and whether the promoter/ promoter the Listed entity at present holds 100% equity group/ group companies have any share capital in the above target entity and interest in the entity being acquired? If pursuant to the proposed investment by the yes, nature of interest and details listed entity and the proposed Group captive thereof and whether the same is done at consumer, our holding is expected to be reduced "arm's length"; from 100% to 86.10% in the equity Share capital in the above Target Entity. The transaction is at arm's length basis. (c) industry to which the entity being Solar Power Generation and Distribution acquired belongs; www.swelectes.com Nswelect Powering the world responsibly (d) objects and impact of acquisition To set up a Solar Power Plant under Group (including but not limited to, disclosure Captive scheme. of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity); (e) brief details of any governmental or NotApplicable regulatory approvals required for the acquisition (f) indicative time period for completion of The investment will be made as per the terms of the acquisition offer (g) consideration whether cash Cash and/or Non-cash consideration consideration or share swap or any other form and details of the same (h) cost of acquisition and/or the price at The proposed investment by the Company will be which the shares are acquired up to Rs. 5,51,79,000/- Price at which the shares are acquired - Face value of Rs.10/- per equity share. (i) percentage of shareholding / control Present Shareholding- 100% acquired and / or number of shares Post Investment Shareholding- 86.10% acquired It is to be noted the investment is made both by the listed entity and the proposed group captive consumer, due to which the shareholding of the listed entity is reduced from 100% to 86.10%. Further, in the coming days, once the other group captive consumers are finalised, SWELECT will transfer the proportionate equity shares from its holding to the new Group Captive Consumer for the purpose of compliance with Electricity Rules, 2005. U) brief background about the entity The wholly owned subsidiary was incorporated acquired in terms of products / line on 20th March, 2025 in India, for the purpose of of business acquired, date of manufacturing, generating, supplying, incorporation, history of last 3 years distributing, transmitting and dealing in turnover, country in which the acquired electricity and all forms of energy including Solar entity has presence and any other and Wind Energy and power sales from the Green significant information (in brief) energy sources. Hence the history of last 3 years' turnover is not applicable. The Turnover of the Target Entity for the previous F.Y. 2025-2026 is Nil. The subsidiary will set-up a 5 MW Solar Power Plant under Group Captive scheme in the State of Karnataka. www.swelectes.com Nswelect Powering the world responsibly 4. Update on the previous intimation of acquisition of Dexler Solar Park Phase 1 Private Limited With reference to the previous intimation regarding the proposed acquisition of Dexler Solar Park Phase 1 Private Limited made on 25th July 2026, the Board, at its meeting held today, considered the matter and decided to keep the proposed acquisition in abeyance for the time being. The Company may reconsider the proposed acquisition at an appropriate time, subject to the prevailing circumstances. The meeting commenced at 11.30 Hrs. and ended at 17:00 Hrs. 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 Encl.: a/a www.swelectes.com Chartered Accountants Deloitte ASV N Ramana Tower. 52, Venkatnarayana Road, T. Nagar Haskins & Sells LLP Chennai -600 017 Tamil Nadu, India Tel: +91 44 6688 5000 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS TO [Showing first 8,000 characters — download PDF for full document]