Swelect Energy Systems divests stake in Gem Sugars

Swelect Energy Systems Limited has completed the transfer of 300,000 equity shares in Gem Sugars Limited, held at a face value of ₹10 per share since the year 2000. This disinvestment was finalized on September 6, 2025.

The company's board of directors approved the transfer on June 5, 2025, with the shares being transferred to D.K. Manjula, Bengaluru, at a rate of ₹20 per share. This transaction marks a significant move by Swelect Energy Systems.

This announcement was made to BSE Limited and the National Stock Exchange of India Limited to ensure compliance. R. Chellappan, wholetime director and vice chairman, confirmed the completion of the disinvestment.