Sale or disposal

August 31, 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: Transfer of 26% equity shares held in ESG Solar Energy Private Limited The Board via passing a resolution by circulation today i.e., 31st August, 2026, had approved the transfer of 2600 (Two thousand six hundred) equity shares having face value of Rs.10/- each representing 26% paid up equity shares held in ESG Solar Energy Private Limited (Wholly Subsidiary Company) to GARG ACRYLICS LIMITED (a proposed group captive consumer in the aforementioned company) Post transfer of shares to GARG ACRYLICS LIMITED, the status of ESG Solar Energy Private Limited 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) the amount and percentage of the ESG Solar Energy Private Limited (Hereinafter turnover or revenue or income and net referred to as “the subsidiary”) is yet to worth contributed by such unit or commence its commercial division or undertaking or subsidiary or production/operation and hence it has NIL associate company of the listed entity Turnover, NIL Income and a negative net during the last financial year; worth of Rs. 7.83 lakhs as per the last audited financial statements for the F.Y 2025-2026. (b) date on which the agreement for sale has Form SH-4 for transfer of shares is executed been entered into; on 31st August 2026 (c) the expected date of completion of The date of completion of sale/disposal will sale/disposal; depend upon the approval of the Board of ESG Solar Energy Private Limited (d) consideration received from such Rs. 31,00,000 (Rupees Thirty One lakhs Only) sale/disposal; (e) brief details of buyers and whether any of Name of the Transferee – Garg Acrylics the buyers belong to the Limited promoter/promoter group/group Date of Incorporation of the Buyer – 22nd companies. If yes, details thereof; November, 1983 Country of Incorporation – India The Transferee does not belong to the Promoter/ Promoter Group/ Group Companies. (f) whether the transaction would fall within No related party transactions? If yes, whether the same is done at “arm’s length”; (g) whether the sale, lease or disposal of the Not Applicable undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation 37A of LODR Regulations (h) additionally, in case of a slump sale, Not Applicable indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale. We request you to kindly take on record the above compliance. Thanking you, Yours faithfully, For SWELECT ENERGY SYSTEMS LIMITED R Chellappan Vice Chairman and Whole-time Director DIN: 00016958