Swelect Energy Systems Limited has submitted an intimation regarding the approval given by its Investment Committee to acquire 100% of the equity shares of Dexler Solar Park Phase 1 Private Limited (DSPP1). Following this acquisition, DSPP1 will become a wholly-owned subsidiary of the company and will establish a solar power plant under a group captive scheme.

The total acquisition cost for the 10,000 equity shares of DSPP1 (having a face value of ₹10 each) is capped at ₹1 Lakh, to be executed via a cash consideration. DSPP1 was incorporated on March 5, 2018, and operates within the renewable energy generation and distribution sector in Karnataka. For the financial year 2024-25, the target entity reported a nil turnover, a net loss after tax (PAT) of ₹34,860, and a negative net worth of ₹6,45,190. The subsidiary will set up an initial solar power plant capacity of up to 7.0 MWdc under the group captive arrangement.

Swelect Energy Systems Limited is a prominent player in the renewable energy sector, specializing in solar PV modules, module mounting structures, electrical BOS, solar water pumps, and battery energy storage systems (BESS). In recent developments during 2025 and 2026, the company has expanded its green energy footprint through multiple capacity additions and strategic moves, including the commissioning of several solar power plants by its subsidiaries and receiving in-principle stock exchange approvals for its Employee Stock Option Scheme 2025. Furthermore, the company appointed Dr. Arulkumar Shanmugasundaram as its CEO and Managing Director to drive its next phase of growth.

For the latest quarterly financial results announced for the period ended March 31, 2026, Swelect Energy Systems reported a revenue from operations of ₹202.41 Crores, reflecting a year-on-year (YoY) decline of 7.49% compared to ₹218.81 Crores in the corresponding quarter of the previous year, but a robust quarter-on-quarter (QoQ) growth of 46.02% from ₹138.62 Crores in the December 2025 quarter. The net profit after tax (PAT) for the quarter stood at ₹11.08 Crores, representing a 23.44% YoY increase from ₹8.98 Crores and a 16.45% sequential growth from ₹9.52 Crores. For the full financial year ended March 31, 2026, the company registered a consolidated net profit of ₹57.58 Crores.