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Swelect Energy Systems CEO, MD, chairman, board of directors and AGM

NSE: SWELECTESBSE: 532051Electrical EquipmentSmall Cap

Formerly Numeric Power Systems
Last close ₹595.45up ₹10.75 (1.84%)BSE ₹593.05

Share price at the NSE close on 23 Oct 2026. Previous close ₹584.70.

52-week range of traded prices to 23 Oct 2026
₹483.10Low, 30 Mar 2026₹849.90High, 23 Oct 2025
Market cap
₹903 Cr1,541st largest listed
P/E
21.6
P/B
1.0
Dividend yield
0.59%
ROE
4.7%
ROCE
5.0%
Debt to equity
0.84
Volume, NSE
51,28258.4% delivered

Swelect Energy Systems board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonSUNDARAM ANNADURAI
  • Managing director and CEOARULKUMAR PUDUR SHANMUGASUNDARAM
  • Company Secretary and Compliance OfficerJ BHUVANESWARI

12 directors4 independent6 executive2 non-executive

  • SUNDARAM ANNADURAI · ChairpersonIndependent · joined Jun 2017 · reappointed Jun 2022 · 108 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • CHELLAPPAN RAMASAMY GOUNDERExecutive · joined Sep 1994 · reappointed Sep 2025 · 1 listed board
  • ARULKUMAR PUDUR SHANMUGASUNDARAM · Managing director and CEOExecutive · joined Sep 2025 · reappointed Sep 2025 · 1 listed board
  • ARTHANARI BALANExecutive · joined Oct 2015 · reappointed Sep 2025 · 1 listed board
  • KONGANAPURAM VENKATESAN NACHIAPPANExecutive · joined Apr 2018 · reappointed Apr 2023 · 1 listed board · 3 committee seats
  • VENKATAGIRI CHELLAPPAN RAGHUNATHExecutive · joined Nov 2013 · reappointed Jul 2024 · 1 listed board · 2 committee seats
  • VENKATAGIRI CHELLAPPAN MIRUNALINIExecutive · joined Jun 2017 · reappointed Jun 2022 · 1 listed board
  • NACHIAPPAN JAYASHREENon-executive · joined Aug 2012 · reappointed Aug 2012 · 1 listed board · 2 committee seats
  • GNANASEKAR SUKUMAR SAMUELNon-executive · joined Sep 2025 · reappointed Nov 2025 · 1 listed board
  • SELVARAJAN INIYANIndependent · joined Apr 2019 · reappointed Apr 2024 · 87 months as independent · 1 listed board · 1 as independent · 4 committee seats, 4 as chair
  • MUTHUSAMY RAVIIndependent · joined Feb 2023 · reappointed Feb 2023 · 40 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 1 as chair
  • UMA PRAKASHIndependent · joined May 2025 · reappointed May 2025 · 13 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 21 May 202612 of 12 present4 independent · 54 days in between
    • 27 Mar 202612 of 12 present4 independent · 41 days in between
    • 13 Feb 202611 of 12 present3 independent · 22 days in between
    • 21 Jan 202612 of 12 present4 independent

  • Audit Committee

    Chair UMA PRAKASH

    SUNDARAM ANNADURAI, NACHIAPPAN JAYASHREE

    • 21 May 20263 of 3 present2 independent · 54 days in between
    • 27 Mar 20263 of 3 present2 independent · 41 days in between
    • 13 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair UMA PRAKASH

    MUTHUSAMY RAVI, NACHIAPPAN JAYASHREE

    • 20 May 20263 of 3 present2 independent · 95 days in between
    • 13 Feb 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair UMA PRAKASH

    KONGANAPURAM VENKATESAN NACHIAPPAN, NACHIAPPAN JAYASHREE

    • 20 May 20263 of 3 present1 independent

  • Risk Management Committee

    Chair CHELLAPPAN RAMASAMY GOUNDER

    VENKATAGIRI CHELLAPPAN RAGHUNATH, NACHIAPPAN JAYASHREE, ARULKUMAR PUDUR SHANMUGASUNDARAM

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair SUNDARAM ANNADURAI

    CHELLAPPAN RAMASAMY GOUNDER, VENKATAGIRI CHELLAPPAN RAGHUNATH, ARULKUMAR PUDUR SHANMUGASUNDARAM

    • 21 May 20264 of 4 present1 independent
    • 11 Feb 20264 of 4 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Deloitte Haskins & Sells LLPPeer-review certificate valid to Jul 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Swelect Energy Systems AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Swelect Energy Systems dividend history

Annual general meeting, 31 Jul 2026

27,896 shareholders on the register on 24 Jul 2026; present: 11 promoters and 44 others; votes counted by P. ESWARAMOORTHY / P. ESWARAMOORTHY AND COMPANY.The company's voting result (opens in a new tab)

  1. Adoption of the audited financial statements of the Company for the financial year ended 31st March, 2026, the reports of the Board of Directors and Auditors thereon
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 63.10% · promoters 100.00% · institutions 9.83% · other public 15.50%

  2. Declaration of Final Dividend for the financial year ended 31st March 2026
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 63.10% · promoters 100.00% · institutions 9.83% · other public 15.50%

  3. Appointment of Mr. K V Nachiappan (DIN: 00017182) as a Director, liable to retire by rotation
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 63.10% · promoters 100.00% · institutions 9.83% · other public 15.50%

  4. Appointment of Mrs. Jayashree Nachiappan (DIN: 03173327) as a Director, liable to retire by rotation
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 63.10% · promoters 100.00% · institutions 9.83% · other public 15.50%

  5. Approval of remuneration of Mr. K V Nachiappan (DIN: 00017182), Whole Time Director of the Company
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 63.10% · promoters 100.00% · institutions 9.83% · other public 15.50%

  6. Revision of remuneration of Mr. V C Raghunath (DIN: 00703922), Whole Time Director of the Company
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 63.10% · promoters 100.00% · institutions 9.83% · other public 15.50%

  7. Revision of remuneration of Ms. V C Mirunalini (DIN: 07860175), Whole Time Director of the Company
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 63.10% · promoters 100.00% · institutions 9.83% · other public 15.50%

  8. Approval of remuneration payable to Ms. Aarthi Balan, being a relative of director, who occupies office or place of profit
    OrdinaryPromoters have an interest in it
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 69.40% · other public 0.27%

    Turnout: all 59.57% · promoters 93.73% · institutions 9.83% · other public 15.50%

  9. Approval of remuneration payable to Ms. Preetha Balan, being a relative of director, who occupies office or place of profit
    OrdinaryPromoters have an interest in it
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 69.40% · other public 0.27%

    Turnout: all 59.57% · promoters 93.73% · institutions 9.83% · other public 15.50%

  10. Ratification of remuneration of Cost Auditors
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 63.10% · promoters 100.00% · institutions 9.83% · other public 15.50%

  11. Approval for increasing the borrowing powers of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 63.10% · promoters 100.00% · institutions 9.83% · other public 15.50%

  12. Authorisation to create charge on properties of the Company, both present and future
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 63.10% · promoters 100.00% · institutions 9.83% · other public 15.50%

  13. Approval for increasing the limit with respect to giving loan or guarantee or providing security under Section 185 of the Companies Act, 2013
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 69.40% · other public 0.09%

    Turnout: all 63.10% · promoters 100.00% · institutions 9.83% · other public 15.50%

  14. Approval for increasing the limit with respect to providing loan, guarantee and security and investment under section 186 of the Companies Act, 2013
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 69.40% · other public 0.09%

    Turnout: all 63.10% · promoters 100.00% · institutions 9.83% · other public 15.50%

  15. Approval of Material Related Party Transactions with the subsidiary of the Company viz., USolar Assetco Four Private Limited
    OrdinaryPromoters have an interest in it
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 6.68% · promoters 0.00% · institutions 0.00% · other public 15.46%

  16. Approval of Material Related Party Transactions of SWELECT SolarKraft Private Limited with Gridnex Solar Power Private Limited
    OrdinaryPromoters have an interest in it
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 6.68% · promoters 0.00% · institutions 0.00% · other public 15.46%

  17. Approval of Material Related Party Transactions between the Company and Gridnex Solar Power Private Limited
    OrdinaryPromoters have an interest in it
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 6.68% · promoters 0.00% · institutions 0.00% · other public 15.46%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 15 Nov 2025, 5 resolutions

31,045 shareholders on the register on 10 Oct 2025; votes counted by P. ESWARAMOORTHY / P ESWARAMOORTHY AND COMPANY.The company's voting result (opens in a new tab)

  1. Change in Designation and Appointment of Mr. R Chellappan (DIN: 00016958) as a Whole-time Director and Vice Chairman of the Company for a period of 5 years and fixing of remuneration.
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 65.32% · promoters 99.82% · institutions 45.67% · other public 20.71%

  2. Appointment of Dr. Arulkumar Pudur Shanmugasundaram (DIN: 08371976) as the Chief Executive Officer and Managing Director of the Company for a period of 5 years and fixing of remuneration
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 65.32% · promoters 99.82% · institutions 45.67% · other public 20.71%

  3. Change in Designation and Appointment of Mr. A. Balan (DIN: 00017091) as a Whole-time Director of the Company for a period of 5 years and fixing of remuneration
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 65.32% · promoters 99.82% · institutions 45.67% · other public 20.71%

  4. Appointment of Mr. Gnanasekar Sukumar Samuel (DIN: 05284689) as a Non-Executive, Non-Independent Director of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 65.32% · promoters 99.82% · institutions 45.67% · other public 20.71%

  5. Approval of Material Related Party Transactions with the subsidiary of the Company viz., ESG Green Energy Private Limited
    OrdinaryPromoters have an interest in it
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 9.05% · promoters 0.00% · institutions 45.67% · other public 20.71%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Jul 2025, 14 resolutions

31,968 shareholders on the register on 18 Jul 2025; present: 12 promoters and 64 others; votes counted by P. ESWARAMOORTHY / P. ESWARAMOORTHY AND COMPANY.The company's voting result (opens in a new tab)

  1. Adoption of the audited financial statements of the Company for the financial year ended 31st March, 2025, the reports of the Board of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.01% · promoters 99.82% · institutions 35.46% · other public 15.41%

  2. Declaration of Final Dividend for the financial year ended 31st March, 2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.01% · promoters 99.82% · institutions 35.46% · other public 15.41%

  3. Appointment of Mr. V.C.Raghunath (DIN: 00703922) as a Director, liable to retire by rotation
    OrdinaryPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 95.27% · other public 0.01%

    Turnout: all 63.01% · promoters 99.82% · institutions 35.46% · other public 15.41%

  4. Appointment of Ms. V.C.Mirunalini (DIN: 07860175) as a Director, liable to retire by rotation
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 63.01% · promoters 99.82% · institutions 35.46% · other public 15.41%

  5. Re-appointment of Mr. A.Balan (DIN: 00017091) as a Whole Time Director (Joint Managing Director) of the Company for a period of 5 years and fixing of remuneration
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.01% · promoters 99.82% · institutions 35.46% · other public 15.41%

  6. Revision of remuneration of Mr. K.V.Nachiappan (DIN: 00017182), Whole Time Director of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.01% · promoters 99.82% · institutions 35.46% · other public 15.41%

  7. Approval of remuneration of Ms. V.C.Mirunalini (DIN: 07860175), Whole Time Director of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 63.01% · promoters 99.82% · institutions 35.46% · other public 15.41%

  8. Revision of remuneration of Mr. V.C.Raghunath (DIN: 00703922), Whole Time Director of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 63.01% · promoters 99.82% · institutions 35.46% · other public 15.41%

  9. Appointment of Mrs. Uma Prakash (DIN: 03206624) as an Independent Director of the Company for the first term of 5 (five) consecutive years
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.01% · promoters 99.82% · institutions 35.46% · other public 15.41%

  10. Appointment of M/s. KRA & Associates, Company Secretaries as Secretarial Auditor of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.01% · promoters 99.82% · institutions 35.46% · other public 15.41%

  11. Ratification of remuneration of Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.01% · promoters 99.82% · institutions 35.46% · other public 15.41%

  12. Alteration of the Articles of Association of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 63.01% · promoters 99.82% · institutions 35.46% · other public 15.41%

  13. Approval and adoption of SWELECT Energy Systems Limited Employee Stock Option Scheme 2025 (SWELECT ESOP Scheme 2025)
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 62.98% · promoters 99.82% · institutions 1.68% · other public 15.41%

  14. Extension of benefits of SWELECT Energy Systems Limited Employee Stock Option Scheme 2025 to the eligible employees of the subsidiary companies, associate companies, joint ventures and group companies of the CompanyMoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 62.98% · promoters 99.82% · institutions 1.68% · other public 15.41%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Jul 2024, 13 resolutions

Present: 12 promoters and 67 others.The company's voting result (opens in a new tab)

  1. Adoption of the audited financial statements of the Company for the financial year endednMarch 31, 2024, the reports of the Board of Directors and Auditors thereon
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 66.60% · promoters 99.82% · institutions 65.47% · other public 23.66%

  2. Declaration of Final Dividend and Special Dividend
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 66.60% · promoters 99.82% · institutions 65.47% · other public 23.66%

  3. Appointment of Mr. K V Nachiappan (DIN: 00017182) as a Director, liable to retire by rotation
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 66.60% · promoters 99.82% · institutions 65.47% · other public 23.66%

  4. Appointment of Ms. Jayashree Nachiappan (DIN: 03173327) as a Director, liable to retire by rotation
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 7.70% · other public 0.05%

    Turnout: all 66.60% · promoters 99.82% · institutions 65.47% · other public 23.66%

  5. Re-appointment of Mr. V. C. Raghunath (DIN: 00703922) as a Whole Time Director of the Company
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 66.60% · promoters 99.82% · institutions 65.47% · other public 23.66%

  6. Revision of remuneration of Mr. R Chellappan,(DIN:00016958) Managing Director of the Company
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 66.60% · promoters 99.82% · institutions 65.47% · other public 23.66%

  7. Re-appointment of Mr. R Chellappan (DIN:00016958), as Managing Director of the Company for a periodnof 5 years
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 66.60% · promoters 99.82% · institutions 65.47% · other public 23.66%

  8. Revision of remuneration to Mr. A Balan, (DIN: 00017091) Whole Time Director (Joint ManagingnDirector) of the Company
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 66.60% · promoters 99.82% · institutions 65.47% · other public 23.66%

  9. Revision of remuneration to Mr. K V Nachiappan, (DIN: 00017182) Whole Time Director of thenCompany
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 66.60% · promoters 99.82% · institutions 65.47% · other public 23.66%

  10. Ratification of remuneration of Cost Auditors
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 66.60% · promoters 99.82% · institutions 65.47% · other public 23.66%

  11. Approval for the borrowing powers of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 66.60% · promoters 99.82% · institutions 65.47% · other public 23.66%

  12. Authorisation to create charge on properties of the Company, both present and future
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 66.60% · promoters 99.82% · institutions 65.47% · other public 23.66%

  13. APPROVAL OF MATERIAL RELATED PARTY TRANSACTIONS WITH SWELECT SUSTAINABLE ENERGYnPRIVATE LIMITED
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 10.33% · promoters 0.00% · institutions 65.47% · other public 23.65%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 18 Nov 2023, 4 resolutions

The company's voting result (opens in a new tab)

  1. APPROVAL FOR DIVESTMENT UP TO 100% STAKE IN AMEX ALLOYS PRIVATE LIMITED (WHOLLY OWNED SUBSIDIARY COMPANY)
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 63.62% · promoters 100.00% · institutions 0.00% · other public 16.81%

  2. APPROVAL OF MATERIAL RELATED PARTY TRANSACTIONS WITH SWELECT CLEAN ENERGY PRIVATE LIMITED (SUBSIDIARY COMPANY)
    SpecialPromoters have an interest in it
    99.73% for0.27% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.27%

    Turnout: all 7.26% · promoters 0.00% · institutions 0.00% · other public 16.81%

  3. APPROVAL TO REVISE THE REMUNERATION OF MR. V. C. RAGHUNATH, WHOLE TIME DIRECTOR OF THE COMPANY
    SpecialPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.33%

    Turnout: all 63.62% · promoters 100.00% · institutions 0.00% · other public 16.81%

  4. APPROVAL TO REVISE THE REMUNERATION OF MS. V. C. MIRUNALINI, WHOLE TIME DIRECTOR OF THE COMPANY
    SpecialPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.36%

    Turnout: all 63.62% · promoters 100.00% · institutions 0.00% · other public 16.81%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Jul 2023, 9 resolutions

Present: 11 promoters and 60 others.The company's voting result (opens in a new tab)

  1. Adoption of the audited financial statements of the Company for the financial year ended March 31, 2023, the reports of the Board of Directors and Auditors thereon
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.32%

    Turnout: all 59.80% · promoters 99.82% · institutions 0.00% · other public 8.12%

  2. Declaration of Final Dividend
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.32%

    Turnout: all 59.80% · promoters 99.82% · institutions 0.00% · other public 8.12%

  3. Appointment of Mr. A. Balan as a Director of the Company
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.32%

    Turnout: all 59.80% · promoters 99.82% · institutions 0.00% · other public 8.12%

  4. Appointment of Ms. V. C. Mirunalini as a Director of the Company
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.32%

    Turnout: all 59.80% · promoters 99.82% · institutions 0.00% · other public 8.12%

  5. Continuation of Directorship of Mr. S. Annadurai (DIN: 00137561) as an Independent Director who is attaining age of 75 years
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.38%

    Turnout: all 59.80% · promoters 99.82% · institutions 0.00% · other public 8.12%

  6. Re-appointment of Dr. S. Iniyan (DIN: 08355447) as an Independent Director
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.32%

    Turnout: all 59.80% · promoters 99.82% · institutions 0.00% · other public 8.12%

  7. Approval for giving loan or guarantee or providing security under Section 185 of the Companies Act, 2013
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.38%

    Turnout: all 59.80% · promoters 99.82% · institutions 0.00% · other public 8.12%

  8. Approval for increasing the limit with respect to providing loan, guarantee and security and investment under section 186 of the Companies Act, 2013
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.38%

    Turnout: all 59.80% · promoters 99.82% · institutions 0.00% · other public 8.12%

  9. Ratification of remuneration of Cost Auditors
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.32%

    Turnout: all 59.80% · promoters 99.82% · institutions 0.00% · other public 8.12%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 22 Mar 2023, 1 resolution

The company's voting result (opens in a new tab)

  1. Approval for appointment of Dr. Ravi Muthusamy as an Independent Director of the Company for the first term of 5 (five) consecutive years
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 61.91% · promoters 99.53% · institutions 0.00% · other public 13.32%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 28 Jul 2022, 13 resolutions

Present: 12 promoters and 50 others.The company's voting result (opens in a new tab)

  1. Adoption of the audited financial statements of the Company for the financial year ended March 31, 2022, the reports of the Board of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 67.21% · promoters 99.82% · institutions 0.00% · other public 25.12%

  2. Declaration of Final Dividend
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 67.21% · promoters 99.82% · institutions 0.00% · other public 25.12%

  3. Appointment of Mr. V.C.Raghunath as a Director of the Company
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 67.21% · promoters 99.82% · institutions 0.00% · other public 25.12%

  4. Appointment of Ms. Jayashree Nachiappan as a Director of the Company
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 67.21% · promoters 99.82% · institutions 0.00% · other public 25.12%

  5. Re-appointment of Statutory Auditors, M/s Deloitte Haskins & Sells, LLP
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 67.21% · promoters 99.82% · institutions 0.00% · other public 25.12%

  6. Re-appointment of Ms. V.C. Mirunalini (DIN: 07860175) as a Whole Time Director of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 67.21% · promoters 99.82% · institutions 0.00% · other public 25.12%

  7. Re-appointment of Mr. K.V.Nachiappan (DIN:00017182) as a Whole Time Director of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 67.21% · promoters 99.82% · institutions 0.00% · other public 25.12%

  8. To fix the terms and conditions in the appointment of Mr. R.Chellappan, Managing Director of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 67.21% · promoters 99.82% · institutions 0.00% · other public 25.12%

  9. To fix the terms and conditions in the appointment of Mr. V.C.Raghunath, Whole Tome Director of the Company
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 67.21% · promoters 99.82% · institutions 0.00% · other public 25.12%

  10. To fix the terms and conditions in the appointment of Mr. A Balan, Whole Time Director (Joint Managing Director) of the Company
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 67.21% · promoters 99.82% · institutions 0.00% · other public 25.12%

  11. Ratification of remuneration of Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 67.21% · promoters 99.82% · institutions 0.00% · other public 25.12%

  12. Approval for giving loan or guarantee or providing security under Section 185 of the Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 67.21% · promoters 99.82% · institutions 0.00% · other public 25.12%

  13. Sales/Lease/Disposal of the Solar Photovoltaics Module Manufacturing Plant (undertaking) as a whole or in parts located at Dabaspet, Benguluru, Karnataka
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 67.21% · promoters 99.82% · institutions 0.00% · other public 25.12%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes and stakes in unlisted companies

Reported in the filing for the quarter to Jun 2026.

  • Unlisted stake boughtUSOLAR ASSETCO FOUR PRIVATE LIMITEDSince 11 Jun 2026

    99.00% bought in the quarter; holding 99.00%, from 0.00%

  • Unlisted stake boughtGRIDNEX SOLAR POWER PRIVATE LIMITEDSince 29 Jun 2026

    48.94% bought in the quarter; holding 48.94%, from 0.00%

  • Tax disputeIncome tax departmentSince 31 Mar 2011
    CIT(A) appeal has been filed and the same is pending for adjudication as on date.
    At the filing before: 1.Depreciation on interior decoration expenses capitalized 2.Disallowance bad debts written off 3.Disallowance of donation and pooja expenses 4.14A Disallowance 5.Deduction under section 10B
  • Tax disputeIncome tax departmentSince 31 Mar 2012
    Submission before the CIT(A) is filed and the same is pending for adjudication as on date.
    At the filing before: Disallowance of deduction under section 80IB of the Act
  • Tax disputeIncome tax departmentSince 31 Mar 2013
    Order Giving Effect (‘OGE’) for the subject AY has been passed. The Company is currently in the process of filing rectification application against the OGE.
    At the filing before: Matters before CIT(A) -14A disallowance and bad debts written off. Short grant of advance tax issue pending before AO.
  • Tax disputeIncome tax departmentSince 31 Mar 2014
    Submission before the CIT(A) is filed and the same is pending for adjudication as on date.
    At the filing before: 14A Disallowance recumputaion pending with AO
  • Tax disputeIncome tax departmentSince 31 Mar 2015
    The Company has filed an application before the AO requesting to pass OGE to the ITAT order. In this regard, we understand that the demand shall be nullified upon processing of the OGE application.
    At the filing before: 14A Disallowance
  • Tax disputeIncome tax departmentSince 31 Mar 2017
    Rectification application has been filed before the AO. • In this regard, we understand that the demand shall be nullified upon processing of the rectification application. • Currently, tax authorities have sought confirmation if the DDT refund amounting to INR 508,912 has been credited to Company’s bank account.MoreLess
    At the filing before: DDT was remitted within due date - Interest under section 115P of the Act has been levied in the rectified assessment order.
8 more
  • Tax disputeIncome tax departmentSince 31 Mar 2018
    The Company is currently in the process of filing the rectification application before the AO. Please note that the said demand is on account of short grant of TDS credit. Basis our perusal of the latest Form 26AS, we understand that there is a short grant of TDS to the tune of INR 74,333 only. Accordingly, the said demand shall be reduced to the extent of INR 74,333 only if the corresponding income has been offered to tax by the Company.MoreLess
    At the filing before: Short grant of TDS credit and consequential effect on 234B and 234C of the Act
  • Tax disputeIncome tax departmentSince 31 Mar 2019
    Submission before the CIT(A) is filed and the same is pending for adjudication as on date.
    At the filing before: DDT remitted was not considered and interest under section 115P was levied.
  • Tax disputeIncome tax departmentSince 31 Mar 2023
    Submission before the CIT(A) is filed and the same is pending for adjudication as on date.
    At the filing before: Disllaowed depreciation
  • Tax disputeDepartment of Goods and Services TaxSince 31 Mar 2023
    Responded to SCN
    At the filing before: The grounds and qualification as stated by authorities is as follows: - GST Liability on account place of supply.
  • Tax disputeDepartment of Sales TaxSince 31 Mar 2007
    Pending with AO
    At the filing before: Disputed turnover-Delhi Vat Act, 2004
  • Tax disputeDepartment of Sales TaxSince 31 Mar 2013
    Pending with AO
    At the filing before: Non submission of F-forms & C-Forms to the Department -The Central Sales Tax ( Assam), Rules 1957
  • Tax disputeDepartment of ExciseSince 27 Sep 2024
    Appeal filed before the High Court of Karnataka. Pending for admission and stay.
    At the filing before: Central Excise Appeal No. 16/2025 before the High Court of Karnataka challenging Final Order Nos. 20920 – 20921/2024 dated 27.09.2024 passed by CESTAT Bangalore denying exemption from BCD, CVD & SAD for the periods April 2009 to June 2012 and October 2013 to March 2013MoreLess
  • Tax disputeDepartment of ExciseSince 20 Mar 2025
    Appeal filed before the High Court of Karnataka. Pending for admission and stay.
    At the filing before: Central Excise Appeal No.45/2025 before the High Court of Karnataka challenging the CESTAT Final Order Nos. 20516 – 20519/2025 dated 20.03.2025 passed by CESTAT Bangalore in respect of denial of exemption from payment of CVD and SAD under alternate exemption NotificationsMoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.