Swan Defence and Heavy Industries Limited has informed the Exchange about updates regarding Scheme of Amalgamantion / Merger.
SWANDEF · price
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Swan Defence and Heavy Industries Limited (formerly Reliance Naval and Engineering Limited) has received an order from the Hon'ble NCLT, Ahmedabad Bench, dated April 13, 2026. The NCLT has directed SDHIL to convene a meeting of its equity shareholders on May 25, 2026, to consider the proposed Scheme of Amalgamation between Triumph Offshore Private Limited (TOPL - the Transferor Company) and SDHIL (the Transferee Company). The NCLT has dispensed with the requirement of convening shareholder meetings for TOPL and creditor meetings for both companies. The scheme is subject to NCLT approval and other requisite regulatory clearances.
The upcoming shareholder meeting on May 25, 2026, is a key procedural step toward completing the amalgamation. Shareholders should monitor outcomes as this could affect SDHIL's capital structure and future operations.