Swelect Energy Systems Financial Results
Swelect Energy Systems reported its FY26 financial results and recommended a ₹3.50 per share final dividend. The board also appointed new internal and cost auditors.
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Swelect Energy Systems reported its FY26 financial results and recommended a ₹3.50 per share final dividend. The board also appointed new internal and cost auditors.
Swelect Energy Systems approved transferring 17,50,000 shares of its subsidiary to Syrma SGS Technology. The entity remains a subsidiary, representing an internal group restructuring.
Swelect Energy Systems granted 12,000 ESOPs at Rs.600 per option to employees. This incentive aligns interests while creating a potential ₹0.72 Crore equity infusion.
SWELECT Energy Systems Limited commissioned a 5 MW solar plant in Tamil Nadu on May 2, 2026. The power will be supplied to Chennai Airport under a 3rd party sale model. This completes 10 MW of commissioning for the Airport Authority of India (AAI) project, enhancing the company's operational renewable portfolio.
CRISIL Ratings has reaffirmed Swelect Energy Systems Limited's credit ratings. Bank loan facilities of ₹345 Crore maintained 'CRISIL A-/Stable' and 'CRISIL A2+' ratings, while ₹138.5 Crore in non-convertible debentures retained 'CRISIL A (CE)/Stable'. The reaffirmation reflects stable creditworthiness across the company's ₹483.5 Crore total debt portfolio.
SWELECT Energy Systems Limited successfully commissioned its new 110/33 KV Pooling Substation at Sirungattur, Tamil Nadu, on April 16, 2026. The facility includes a 50 MVA transformer to evacuate power from the company's 50 MW solar project in Villupuram. This operational milestone enables grid connectivity and power evacuation for the project.