Swan Defence and Heavy Industries Limited has informed the Exchange about Raising of Funds.
SWANDEF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Swan Defence reported audited standalone loss of Rs. 22,751 lakhs for FY26 (vs loss of Rs. 18,149 lakhs in FY25), with Q4 standalone loss of Rs. 14,263 lakhs. Revenue from operations stood at Rs. 2,821 crore for FY26. The company disclosed a one-time book loss of Rs. 26,200 lakhs from selling 5 Offshore Support Vehicles (book value Rs. 33,200 lakhs) for Rs. 700 lakhs. The Board approved raising funds up to Rs. 4,000 crore through QIP, debt issues, preferential issues, FPO, rights issues, or combinations thereof. The company also completed NCLT-approved amalgamation of Humoch Offshore Private Limited. CFO changed with Rajesh Bhardwaj resigning and Jignesh Shah appointed.
The massive loss and Rs. 4,000 crore fundraising approval signals significant capital needs, likely for debt repayment and business operations. The company carries non-current borrowings of Rs. 27,251 crore and continues resolution plan payments, indicating ongoing financial stress despite the large fundraising authorization.