Swelect Energy Systems Limited — JV/Acquisition, 13-08-2026: Acquisition

SWELECT Energy Systems announced a strategic move to boost its solar power capacity. The board approved an additional investment of **Rs. 5.52 Crore** in SWELECT Sunpower Plus Private Limited, currently a wholly-owned subsidiary. This capital will fund a new **5 MW solar power plant** in Karnataka under a Group Captive Scheme. Post-investment, SWELECT's ownership will adjust from 100% to **86.10%**, with other captive consumers joining. This investment highlights SWELECT's commitment to expanding its renewable energy footprint and securing captive power.