Swan Defence and Heavy Industries Limited has informed the Exchange about Notice of Offer for Sale dated 17th March, 2026 as received from Hazel Infra Limited, Promoters of the Company relating to the Offer for Sale through Stock Exchange Mechanism upto 26,38,747 equity shares of Swan Defence and Heavy Industries Limited (the Company) representing upto 5.01% of the total paid up share capital of the Company
SWANDEF · price
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Swan Defence and Heavy Industries has informed the exchanges that its promoter, Hazel Infra Limited, will sell up to 26,38,747 equity shares (5.01% of paid-up capital) through an Offer for Sale (OFS) on the stock exchange. The floor price is fixed at ₹1,900 per share, and the sale will take place on March 18, 2026 for institutional/non-retail investors and March 19, 2026 for retail investors. JM Financial Services is acting as the seller's broker. The OFS is being carried out specifically to meet the minimum public shareholding (MPS) requirement mandated by SEBI rules, which suggests the promoter holding is currently above the prescribed limit. There is no green shoe option and no retail discount on offer.
This is a promoter sell-down of about 5% of the company, which will increase the public float and bring the company into compliance with minimum public shareholding norms. The large size of the OFS relative to typical daily volumes could create short-term supply pressure on the stock price around March 18-19, 2026, though the high floor price of ₹1,900 also signals promoter confidence in current valuations.