Announced Tue, 8 Sept · 10:30 IST
Swan Corp promoter creates fresh pledge of 20 lakh shares as group entity loan security
SWANCORP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹279.75
prior close
₹277.80
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.2-0.3-0.1-0.8+5.8+5.5+3.9+4.8+5.4————
Up moveDown movePending
AI summary
Promoter Swan Engitech Works pledged 20,00,000 shares (0.64% of capital) of Swan Corp on Sept 4, 2026 with IDBI Trusteeship for NaBFID. Reason: security for financial facility to a group entity. Loan amount Rs 1,150 cr against shares valued Rs 1,469.87 cr (cover 1.28x). Post-pledge, 2,00,00,000 shares (6.38%) of this promoter are pledged. Encumbered shares cross 50% of Swan Engitech's own holding in Swan Corp.
Likely market impact
Fresh pledge pushes encumbrance past 50% of this promoter's own holding, raising pledge risk; tied to group borrowings, not directly to the listed firm.