Swelect Energy Systems Limited announced that Board approved the setting up of the Wholly Owned Subsidiary (WOS) in the name and style 'SWELECT Renewable Energy Private Limited' (the name availability of which has been confirmed by the Ministry of Corporate Affairs, Office of the Registrar of Companies, Central Registration Centre vide letter dated 08.06.2021) for setting up of Solar Power Plant. The Board also approved the investment of INR 1.000 million in the Equity Capital of the said WOS.