Swan Corp promoter creates new share pledge for NaBFID facility
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 1.0 pts less than Nifty Smallcap 250 and 3.4 pts less 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, Swan Corp promoter with 12.25 percent stake, pledged 20 lakh extra shares (0.64 percent of capital) on September 4, 2026 to IDBI Trusteeship Services as security for a Rs 1,150 crore NaBFID facility to a group entity. Post this, 52 percent of its holding is pledged, crossing the 50 percent threshold. Shares backing the loan are worth Rs 1,470 crore, offering 1.28 times cover.
Pledge crosses 50 percent of this promoter entity holding, a key SAST threshold. Debt is for a group entity, not Swan Corp directly.