Swan Defence & Heavy

Swan Defence and Heavy Industries secured Ahmedabad NCLT sanction on 6 August for its amalgamation with group company Triumph Offshore Private Limited. Triumph will be dissolved without winding up, with its assets, liabilities, contracts, licences and employees transferring to Swan once the certified order is filed with the Registrar of Companies. The scheme has an appointed date of 1 April 2024 and provides for 1,325 fully paid preference shares of Swan for every 1,000 equity shares of Triumph, alongside a reduction and reorganisation of Swan’s capital. The scheme had been approved by Swan’s shareholders at a meeting on 25 May 2026 after the companies’ boards approved it in November 2024. Swan’s operating revenue rose to ₹282 crore in FY26, while the company reported a ₹227.5 crore loss including a ₹262 crore OSV write-down.

Powered by Tijori

SDHI secured a contract from Denmark-based towage operator Svitzer A/S to build four TRAnsverse 3200 tugs, with deliveries scheduled to commence in early 2028. The vessels, constructed to Bureau Veritas class, will be built at SDHI's Pipavav yard in Gujarat following what the company described as an extensive competitive evaluation of global shipyards. The order follows the company's revenue turnaround, which lifted FY26 revenue to ₹282 crore from ₹7 crore a year earlier, though the company remains deeply loss-making with a FY26 net loss of ₹227.5 crore. It is described by the CEO as the company's fourth consecutive export contract. The tugs, co-developed by Robert Allan Ltd. and Svitzer, will be biofuel-ready, IMO Tier III emissions compliant and FiFi1 firefighting class ready.

Powered by Tijori

Aug 6 (Reuters) - Swan Defence and Heavy Industries Ltd SWAE.NS:

• SWAN DEFENCE AND HEAVY INDUSTRIES LTD- RECEIVED NEW ORDER FROM SVITZER A/S, DENMARK-BASED TOWAGE OPERATOR

• SWAN DEFENCE AND HEAVY INDUSTRIES LTD- ORDER VALUES BETWEEN 2.51 BILLION RUPEES TO 7.50 BILLION RUPEES

Source text: [ID:]

Further company coverage: SWAE.NS

(([email protected];))

May 27 (Reuters) - Swan Defence and Heavy Industries Ltd SWAE.NS:

• MARCH-QUARTER CONSOL LOSS AFTER TAX 1.42 BILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 2.36 BILLION RUPEES

• SWAN DEFENCE AND HEAVY INDUSTRIE - RAISING FUNDS FOR AGGREGATE AMOUNT UP TO 40 BILLION RUPEES THROUGH QIP/OTHER MODES

Source text: [ID:]

Further company coverage: SWAE.NS

(([email protected];))

May 19 (Reuters) - Swan Defence and Heavy Industries Ltd SWAE.NS:

• SWAN DEFENCE AND HEAVY - TO CONSIDER FUNDRAISING VIA QIP, DEBT, PREFERENTIAL ISSUE, FPO, RIGHTS ISSUE OR COMBINATION

Source text: ID:nBSE43fqt4

Further company coverage: SWAE.NS

(([email protected];))

** Shares of India's Swan Defence and Heavy Industries SWAE.NS rise 2.45% to 1820 rupees

** Co received order from Energy ONE Limited worth between 15.01 billion rupees ($162.21 million) and 30 billion rupees($324.21 million)

** Order for construction of four 92,500 DWT dual-fuel ammonia bulk carriers with first vessel expected to be delivered in October 2029

** Co says carriers among largest commercial vessels ever to be built at an Indian shipyard

** YTD stock up ~28%

($1 = 92.5325 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

** Shares of Swan Defence and Heavy Industries SWAE.NS rise 5% to 1,791.40 rupees

** Co bags ammonia dual-fuel bulk carrier order from Energy ONE Limited

** Order size between 15.01 billion rupees-30 billion rupees ($161.45 million-$322.69 million)

** YTD, SWAE up ~28%

($1 = 92.9675 Indian rupees)

(Reporting by Brijesh Patel in Bengaluru)

(([email protected]; Ph no. +91 9590227221;))

** Shares of Swan Defence and Heavy Industries SWAE.NS fall 5% to 2,279.20 rupees

** Shipbuilding firm's major shareholder Hazel Infra plans to sell stake of up to 5.01% through an offer for sale

** Co sets floor price at 1,900 rupees, around 20% below Tuesday's close of 2,390 rupees

** SWAE is part of Swan Group, which has business interests spanning textiles, real estate, oil and gas, and petrochemicals

** YTD, SWAE up ~56%

(Reporting by Urvi Dugar in Bengaluru)

(([email protected];))

March 17 (Reuters) - Swan Defence and Heavy Industries Ltd SWAE.NS:

• OFS BY PROMOTER HAZEL INFRA FOR ACHIEVING MINIMUM PUBLIC SHAREHOLDING

• OFFER FOR SALE OF UPTO 5.01% STAKE OF CO

• FLOOR PRICE FOR OFFER 1,900 RUPEES PER SHARE

Further company coverage: SWAE.NS

(([email protected];;))

** Shares of Swan Defence and Heavy Industries SWAE.NS RIC fall 3.9% to 1941.2 rupees

** Shipbuilding firm's major shareholder Hazel Infra to evaluate a proposal to sell about 5% stake of the co via offer for sale route

** YTD, SWAE up ~40%

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected]; +91 8697274436;))

March 9 (Reuters) - Swan Defence and Heavy Industries Ltd SWAE.NS:

• HAZEL INFRA LIMITED TO EVALUATE SALE OF APPROX. 5.01% EQUITY SHARES VIA OFS

Source text: ID:nNSE4XzntB

Further company coverage: SWAE.NS

(([email protected];;))

Feb 24 (Reuters) - Swan Defence and Heavy Industries Ltd SWAE.NS:

• SDHI TO COMPLETE 5 OFFSHORE SUPPORT VESSELS FOR SAN MARITIME

Source text: ID:nNSE72P8KD

Further company coverage: SWAE.NS

(([email protected];))

Feb 5 (Reuters) - Swan Defence and Heavy Industries Ltd SWAE.NS:

• GETS DEFENCE EXPORT ORDER FROM THE GOVERNMENT OF SULTANATE OF OMAN

Source text: ID:nNSE553tBb

Further company coverage: SWAE.NS

(([email protected];;))

Jan 23 (Reuters) - Swan Defence and Heavy Industries Ltd SWAE.NS:

• SWAN DEFENCE AND HEAVY INDUSTRIES LTD - WINS $227 MILLION CHEMICAL TANKER ORDER

Source text: ID:nNSE6zkRpm

Further company coverage: SWAE.NS

(([email protected];))

Dec 17 (Reuters) - Swan Defence and Heavy Industries Ltd SWAE.NS:

• AVAILS FINANCIAL ASSISTANCE UP TO 8 BILLION RUPEES FROM HAZEL INFRA

Source text: ID:nNSE1qjwdG

Further company coverage: SWAE.NS

(([email protected];))

March 5 (Reuters) - Swan Defence and Heavy Industries Ltd SWAE.NS:

• SWAN DEFENCE AND HEAVY INDUSTRIES LTD - GETS TOTAL TAX DEMAND ORDER FOR 29.7 MILLION RUPEES

Source text: ID:nNSEbR7mNK

Further company coverage: SWAE.NS

(([email protected];))

Jan 17 (Reuters) - Swan Defence and Heavy Industries Ltd RELV.NS:

• SWAN DEFENCE AND HEAVY INDUSTRIES - SHARES TO RECOMMENCE TRADING ON NSE AND BSE

Source text: ID:nBSEwsxTZ

Further company coverage: RELV.NS

(([email protected];;))

Dec 19 (Reuters) - Reliance Naval and Engineering Ltd RELV.NS:

• PAYS 1.96 BILLION RUPEES TO LENDERS

Source text: ID:nNSE5bWTnc

Further company coverage: RELV.NS

(([email protected];))

Dec 2 (Reuters) - Reliance Naval and Engineering Ltd RELV.NS:

• SWAN'S SHIPYARD RESUMES OPERATIONS

Source text: ID:nNSE6KFxhs

Further company coverage: RELV.NS

(([email protected];;))

Nov 22 (Reuters) - Reliance Naval and Engineering Ltd RELV.NS:

• RELIANCE NAVAL - RISHI CHOPRA RESIGNS AS CFO

• RELIANCE NAVAL - RAJESH BHARDWAJ NAMED AS CFO

Source text: ID:nNSE3Dtq9P

Further company coverage: RELV.NS

(([email protected];))

Oct 10 (Reuters) - Reliance Naval and Engineering Ltd RELV.NS:

• NAMES VIPIN KUMAR SAXENA AS CHIEF EXECUTIVE OFFICER

Source text for Eikon: ID:nBSE9qmB9v

Further company coverage: RELV.NS

(([email protected];;))

Feb 13 (Reuters) - Reliance Naval and Engineering Ltd RELV.NS:

• CHANGED DESIGNATION OF NIKHIL V. MERCHANT AS CHAIRPERSON, MD

Source text for Eikon: [ID:]

Further company coverage: RELV.NS

(([email protected];))