Swan Defence and Heavy Industries Limited has informed the Exchange about Copy of Newspaper Publication regarding Notice of Court Convened Meeting of the Shareholders pertaining to the Scheme of Amalgamation.
SWANDEF · price
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Swan Defence and Heavy Industries Limited has announced a shareholder meeting scheduled for May 25, 2026 at 10:30 AM via video conferencing. The meeting is pursuant to NCLT Ahmedabad Bench orders dated April 13 and April 16, 2026, to consider the Scheme of Arrangement and Amalgamation between Triumph Offshore Private Limited (Transferor Company) and Swan Defence (Transferee Company). The Tribunal has dispensed with separate creditor meetings and the transferor company's shareholder meeting. Shareholders on record as of May 18, 2026 can vote via remote e-voting from May 22-24, 2026. The scheme requires shareholder approval followed by NCLT sanction and other regulatory approvals.
If shareholders approve and the NCLT sanctions the scheme, Swan Defence will absorb Triumph Offshore Private Limited, potentially expanding its business operations and asset base. Shareholders should participate in the voting process as this amalgamation will alter the company's corporate structure.