Swelect Energy Systems Limited — Important, 04-02-2025: Updates

The Board of Directors has approved the issuance of 1,385 Unlisted Secured Non-Convertible Debentures (NCDs) at a face value of ₹10 lakh each, totaling ₹138.5 crores. The original terms of the NCD issuance, initially communicated in December 2024, have been reaffirmed, including a 9.5% average coupon interest, payable monthly. The issue is intended for private placement to India Infradebt Limited and will mature in 2037. This funding move is expected to support the company’s strategic initiatives. Investors should monitor this development as it enhances the company's financial resources, potentially leading to growth opportunities. Positive outlook emphasized.