Swan Defence and Heavy Industries Limited has informed the Exchange about the pre-dealing application as submitted by Hazel Infra Limited, Promoter of the Company for disposal of upto 26,38,747 nos. equity shares of Swan Defence and Heavy Industries Limited has been approved.
SWANDEF · price
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Swan Defence and Heavy Industries has approved a pre-dealing (pre-clearance) application from Hazel Infra Limited, one of its promoters, to sell up to 26.39 lakh equity shares of the company. The approval was granted under SEBI's Insider Trading Regulations, and the promoter must complete the transaction by 24th March 2026, within 5 trading days. This is an intimation of the pre-clearance, not the actual sale — the disposal will follow separately. The filing was made by the Company Secretary on 17th March 2026.
This signals an impending reduction in promoter holding, which could weigh on sentiment depending on sale price and size relative to total shares. Investors should watch for the actual trade intimation to gauge the impact on stock price and promoter shareholding pattern.