The Exchange has received the revised Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 ....
SWANCORP · price
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Two promoter group entities of Swan Corp Limited — Swan Realtors Private Limited and Swan Engitech Works Private Limited — have pledged a total of 4.35 crore shares (13.88% of total promoter shareholding) to secure a financial facility. The pledge is held with IDBI Trusteeship Services Limited (as security trustee) for the lender NaBFID, a public financial institution. Value of pledged shares is Rs. 1,469.87 crores against a loan amount of Rs. 1,150 crores (security cover ratio of 1.28x). At the individual level, Swan Realtors has 72.13% of its own shareholding pledged, and the combined encumbrance of both entities exceeds 50% of their own holdings. The date of encumbrance is 24th March 2026. The funds are being raised to secure a financial facility sanctioned to a group entity (Swan Defence and Heavy Industries Limited). The encumbrance is below the 20% threshold of total share capital of Swan Corp Limited.
The pledge is at a moderate level relative to total promoter holding (13.88%) and does not cross 20% of total share capital, but Swan Realtors alone has 72% of its shares pledged, which is a high concentration of risk for that entity. Shareholders should monitor the purpose of the loan (group entity funding) and any future changes in pledged share status, as high pledging levels can be a risk signal.