Swan Defence and Heavy Industries Limited has submitted to the Exchange the Outcome of the Board Meeting held on 27th May, 2026.
SWANDEF · price
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Swan Defence and Heavy Industries Limited reported standalone revenue of Rs. 28,213.87 lakhs for FY2026, a massive jump from Rs. 703.46 lakhs in FY2025 (revenue growth over 3,900%). However, the company recorded a standalone loss before tax of Rs. 22,750.97 lakhs, worsened from Rs. 18,149.30 lakhs in the previous year. The auditors issued an unmodified opinion but included an Emphasis of Matter paragraph regarding the sale of 5 Offshore Support Vehicles (OSVs) at a book loss of Rs. 26,200 lakhs (book value Rs. 33,200 lakhs sold for Rs. 7,000 lakhs). The board also approved raising funds up to Rs. 4,000 crores and announced a CFO change with Rajesh Bhardwaj's resignation and Jignesh Shah's appointment.
The massive revenue jump with worsening losses signals high operational costs and exceptional write-offs weigh heavily on profitability. The Rs. 26,200 lakh one-time loss and planned Rs. 4,000 crore fund raise indicate significant capital needs. Shareholders should monitor ongoing debt restructuring under the resolution plan.