Swelect Energy Systems Limited — Others, 30-05-2025: Change in Management

Swelect Energy Systems has announced a board meeting where it approved the financial results for the quarter and half-year. Consolidated revenue stood at Rs. 621.67 Cr with a profit after tax of Rs. 13.98 Cr, including discontinued operations. Standalone revenue was Rs. 431.34 Cr with a net profit of Rs. 8.58 Cr. The Board approved a final dividend of Rs. 3 per share, subject to shareholder approval. Leadership updates include the reappointment of Mr. A Balan as Whole Time Director and appointment of Ms. Uma Prakash as Independent Director. Key audit appointments were made, and amendments to the Articles of Association were approved to meet debenture trust requirements. Board committees will be restructured following the expiry of Mr. G S Samuel’s term. The company remains focused on solar and related energy activities.