Announced Wed, 25 Feb · 16:08 IST

Swan Defence and Heavy Industries Limited has informed the Exchange regarding 'Reconstitution of Risk Management Committee'.

Management Changes View source PDF

SWANDEF · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Swan Defence and Heavy Industries Limited has informed the stock exchanges that its Board of Directors, via a resolution passed by circulation, has approved the reconstitution of the Risk Management Committee effective 20 February 2026. The committee now comprises Mr. Kaiyoze Beji Billimoria (Non-Executive Independent Director) as Chairman, Mr. Paresh Merchant (Executive Director) as Member, and Mr. Rajesh Bhardwaj (Chief Financial Officer) as Member. This is a routine governance disclosure under SEBI's Listing Obligations and Disclosure Requirements (LODR) regulations. The company is formerly known as Reliance Naval and Engineering Limited.

Likely market impact

This is a routine corporate governance update with no material impact on the company's operations or shareholders. It reflects the company aligning its board-level committee composition, which is a standard compliance practice.