Promoter pledges 3 crore Swan Corp shares for group loan security
SWANCORP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.4 pts more than Nifty Smallcap 250 and 0.4 pts more than its Petrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Swan Engitech Works, a promoter, pledged 3 crore Swan Corp shares on 30 October 2026 as security for a group company's loan. This covers 9.57% of capital and takes total pledged shares to 5.15 crore, or 16.43%, including 2.15 crore already pledged. The filing says 78.12% of its holding is pledged. The lender is National Bank for Financing Infrastructure and Development. Cumulative pledged share value is Rs 684.45 crore against Rs 1,150 crore borrowed.
No ownership change was reported. The higher promoter pledge creates some risk of forced selling if the borrower defaults.