Swelect Energy Systems Limited has addressed a query regarding a significant increase in the volume of the company's security across exchanges. The company clarified that the increase in price/volume is attributed to the appointment of Dr. Arulkumar Pudur Shanmugasundaram as the CEO and Managing Director, and the re-designation of Mr. R. Chellappan as Whole-time Director and Vice-Chairman, both effective September 4, 2025.
The company informed the stock exchanges about these changes, adhering to Regulation 30 of SEBI LODR, following the board meeting held on September 4, 2025. A press/media release confirming these appointments was issued on September 10, 2025, and has been uploaded to the company's website to comply with SEBI regulations and for the benefit of shareholders.
Swelect Energy Systems Limited confirms that it is regularly adhering to all compliance and disclosure requirements mandated by SEBI. The company reiterated that the increase in the price/volume of its scrip is due to the aforementioned developments and is not connected with any undisclosed information.
The company's registered office is located at 'SWELECT HOUSE', No. 5, Sir P.S. Sivasamy Salai, Mylapore, Chennai - 600 004, India.
The company’s CIN is L93090TN1994PLC028578, and further information is available on their website, www.swelectes.com.
R Chellappan, Wholetime Director and Vice Chairman, has signed off on the release.
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