SWELECT Energy Systems Limited has informed the Exchange about Acquisition of USolar Assetco Four Private Limited

Swelect Energy Systems has approved the acquisition of 100% equity shares of USolar Assetco Four Private Limited (USolar Four), a solar power generation company incorporated in Karnataka on 2nd June 2025. The acquisition cost does not exceed Rs. 3.30 crore, to be paid in cash. USolar Four is yet to commence commercial operations — it has nil turnover and nil PAT with a net worth of Rs. 0.10 crore. The deal represents roughly 0.5% of Swelect's total consolidated operational revenue for FY2026. Post-acquisition, USolar Four will become a Wholly Owned Subsidiary and plans to set up a solar power plant with an initial capacity of up to 26.6 MWp DC under a group captive scheme. The target company will become a related party upon completion.