Swan Defence and Heavy Industries Limited has informed the Exchange regarding Proceedings of Court Convened General Meeting held on May 25, 2026.
SWANDEF · price
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Swan Defence and Heavy Industries Limited held a Court Convened General Meeting on May 25, 2026 via video conferencing. The meeting was convened under NCLT Ahmedabad Bench orders dated April 13 and 16, 2026. Equity shareholders voted on a Scheme of Arrangement and Amalgamation where Triumph Offshore Private Limited (Transferor Company) would merge into Swan Defence (Transferee Company) under Sections 230-232 of the Companies Act, 2013. Remote e-voting was available from May 22-24, 2026, and additional voting was permitted during the meeting. Mr. Abhay Ranjan chaired the proceedings, and Mr. Mubassir Khan acted as Scrutinizer. The actual voting results were not included in this filing.
This meeting marks progress in the merger process between Triumph Offshore and Swan Defence. Shareholders should await the official voting results to determine if the amalgamation scheme has been approved. The merger may impact the company's capital structure and shareholding pattern.