Swan Defence and Heavy Industries Limited has informed the Exchange regarding Book Closure Date for the Annual General Meeting.
SWANDEF · price
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Swan Defence reported standalone revenue of ₹23,627.79 lakh in Q4 and ₹28,213.87 lakh for FY26, with total standalone loss of ₹22,750.97 lakh for the year. The auditors issued an unmodified opinion but highlighted a one-time book loss of ₹26,200 lakh from the sale of 5 Offshore Support Vessels (OSV) with a book value of ₹33,200 lakh sold for only ₹7,000 lakh. The Board approved fundraising of up to ₹4,000 crore via QIP, debt instruments, preferential issue, or public offers subject to shareholder approval. The 29th AGM is scheduled for 2 September 2026 (book closure: 27 Aug – 2 Sep 2026). CFO Rajesh Bhardwaj resigned and Jignesh Shah was appointed effective 28 May 2026. The NCLT-approved amalgamation scheme between Humbeh Offshore Private Limited and the company received shareholder approval at the EGM on 25 May 2026. Consolidated results include the associate Conceptia Software Technologies.
The ₹26,200 lakh one-time OSV loss significantly impacted annual losses, though the clean audit opinion and the ₹4,000 crore fundraising plan signal potential future growth. The CFO change and NCLT-approved merger add near-term operational uncertainty and restructuring catalysts respectively.