The Board of Swelect Energy Systems at its meeting held on 18 December 2024 has approved conversion of loan into 40,00,000 Preference shares of Rs.100/- each by Swelect HHV Solar Photovolataics, step-down wholly owned subsidiary of the company for a total consideration value of Rs.40 crore in respect of the outstanding Loan amount due from Swelect HHV Solar Photovolataics. Powered by Capital Market - Live News

The Board of Swelect Energy Systems at its meeting held on 18 December 2024 has approved raising of funds y way of issuance of up to 1385 Secured, Unlisted, Rated, Redeemable, NonCumulative, Taxable, Non-Convertible Debentures (NCDs) having a face value of Rs 10,00,000 each aggregating to Rs.138.5 crore in one or more tranches on a Private Placement basis. Powered by Capital Market - Live News

Swelect Energy Systems will hold a meeting of the Board of Directors of the Company on 18 December 2024.Powered by Capital Market - Live News

Net profit of Swelect Energy Systems rose 20.50% to Rs 8.23 crore in the quarter ended September 2024 as against Rs 6.83 crore during the previous quarter ended September 2023. Sales rose 308.77% to Rs 197.64 crore in the quarter ended September 2024 as against Rs 48.35 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales197.6448.35 309 OPM %14.5934.73 - PBDT26.1613.41 95 PBT15.743.33 373 NP8.236.83 20 Powered by Capital Market - Live News

Swelect Energy Systems will hold a meeting of the Board of Directors of the Company on 11 November 2024Powered by Capital Market - Live News