Swan Defence and Heavy Industries Limited has informed the Exchange that the Company has achieved the requisite Minimum Public Shareholding through the recently concluded Offer for Sale on 19/03/2026 of 26,38,747 equity shares by the Promoters of the Company.
SWANDEF · price
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Swan Defence and Heavy Industries Limited has met the mandatory Minimum Public Shareholding (MPS) requirement by completing an Offer for Sale (OFS) on 19 March 2026. Promoters offloaded 26,38,747 equity shares through this OFS. Post the sale, the revised shareholding stands at 4,73,61,253 shares (89.90%) with the promoters and 53,20,897 shares (10.10%) with the public, on a total of 5,26,82,150 shares. The filing was made under SEBI Listing Regulations to inform the exchanges of this compliance milestone.
This is a positive compliance update — the stock now meets SEBI's 10% minimum public float rule, which improves liquidity and may make it eligible for broader institutional participation and potential index inclusion. Promoter stake has marginally declined, signalling a small dilution but no material change in control.